Hong Kong's shares rose 97 points or 0.5% to 19,532 in early trade on Friday, ending losses in the prior five months amid gains across all sectors. Traders digested activity data from China showing retail turnover rose to an eight-month high in October and the jobless rate fell to a four-month low. Nevertheless, industrial output in the mainland grew less than expected. Also supporting sentiment were hopes of favorable outcomes from the Chinese central government's work forum and a Politburo meeting in December.
Cathay Pacific jumped over 9%, on a plan to repurchase convertible bonds. Other top movers were CK Infrastructure Hlds. (3.5%), Pop Mart (4.9%), and Li Auto (3.3%). The Hang Seng, however, is on track to post a steep loss for the week, sinking over 5.5% so far, burdened by worries over possible renewed trade tensions between the US and China under the second term of Donald Trump's presidency. At the same time, uncertainty regarding US monetary policy easing heightened.
Source: Trading Economics
The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was...
The Hang Seng rose 186 points, or 0.7%, to close at 25,968 on Thursday, reversing early declines as sentiment improved following reports that the U.S. and China will hold another round of high-level t...
The Hang Seng Index opened lower by 63 points, or 0.24%, to 25,718, followed by the H-Share Index, which fell 0.34%, and the Technology Index, which fell 0.67%. This decline was driven by the decline ...
The Hang Seng Index fell 0.7% to 25,842.83 as of 10:00 a.m. local time, following a pause in Wall Street's rally as the S&P 500 stalled and the Nasdaq slipped 0.2%. Pressure came from tech stocks:...
The Hong Kong stock market opened brightly on Monday, driven by gains in major technology stocks like Tencent, Alibaba, and Xiaomi. The positive performance of these tech companies led to a significan...
Silver slipped to around $48.6 per ounce on Friday and was on track to lose over 6% for the week, as profit-taking swept through the market amid concerns that the metal may have entered overvalued territory. The recent surge was driven by strong...
U.S. President Donald Trump said on Thursday that all trade negotiations with Canada have been terminated, accusing Ottawa of using a "fraudulent" advertisement involving late President Ronald Reagan. In a post on his social media platform Truth...
European markets opened higher after news of a planned meeting between Donald Trump and Xi Jinping next week eased trade war concerns. The Stoxx Europe 600 moved positively, led by the technology sector—ASML was the leading indicator—while...
According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese...