The Hang Seng fell 23 points or 0.12% to end at 19,823 on Wednesday, closing in the red for the fourth session amid a sharp drop in US futures as concerns built that US President-elect Donald Trump's planned policies might fuel inflation and slow the pace of interest rate cuts.
Markets hit their lowest in nearly seven weeks, dragged by the potential appointment of China hawks to key US cabinet positions, which could lead to a tougher stance on trade and tariffs against Beijing.
Property and financials mainly retreated, with investors staying vigilant ahead of key US inflation data and upcoming Chinese activity readings. Still, losses were capped by reports that China may cut taxes on home buying by the end of this year.
Meantime, positive outcomes are expected from the Chinese central government's work forum and a Politburo meeting in December. Smoore Intl. Ltd. sank near 6.6%, alongside Akeso Inc. (-3.8%), Wuxi Biologics (-3.0%), Haidilao Intl. Hlds. (-2.7%), and Geely Auto (-2.1%).
The Hang Seng Index rose for the fourth day, climbing 0.6%, or 150.3 to 27,073.03 in Hong Kong. The index advanced to the highest closing level since Oct. 3. Alibaba Group Holding Ltd. contributed th...
Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent ...
The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment stren...
The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment stren...
Asian stock markets, particularly in Hong Kong, surged on hopes that the United States would soon cut interest rates. This news came after data showed the US labor market weakened last month, increasi...
Global supply continues to surge as production from the OPEC+ bloc has resumed production cuts, while non-OPEC producers such as the US, Brazil, and Canada are actively adding capacity. For example, reports suggest that global supply growth could...
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially...
Gold prices rose on Thursday, hitting a more than three-week high, on expectations that the U.S. government reopening would increase debt levels, while delayed economic data could bolster the case for a Federal Reserve rate cut next month. Spot...
Global financial market optimism has increased after the latest data indicated a strong chance that the Federal Reserve (The Fed) will cut interest...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...