The Hang Seng ended the session with little move on Wednesday, closing around 19,742 after rising in the previous three sessions.
Traders digested private survey data that showed an unexpected slowdown in China's services activity last month, despite a series of support measures since September. In Hong Kong, private sector activity grew for a second straight month, albeit at a slower pace.
Market participants were warily watching political developments in South Korea, where a brief declaration of martial law led to opposition calls for the impeachment of President Yoon Suk Yeol.
On the trade front, Beijing announced a ban on rare earth exports to the US after Washington's latest crackdown on China's chip sector.
In the US, Fed Chair Powell will speak in New York today, with monthly jobs data due on Friday. Miniso Group (+4.6%) and Trip.Com (+2.5%) posted strong gains while Akeso Inc. (-6.4%) and GCL Tech Hlds. (-4.8%) fell.
Source: Trading Economics
The Hang Seng Index surged 495 points, or 1.9%, to close at 26,322 on Monday (September 29th), recovering from two sessions of decline as all sectors contributed to the rally. Optimism increased after...
The Hang Seng Index opened higher, gaining 193 points to reach 26,321, and is currently up 313 points or 1.2%, standing at 26,442. The China Enterprises Index rose by 89 points or 0.95% to 9,392, whil...
The Hang Seng slipped 356 points, or 1.4%, to end at 26,128 on Friday, marking a second straight session of losses as consumer stocks slumped after President Trump proposed steep tariffs, including a ...
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points...
The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade. A retreat from record highs on Wall Str...
Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam. The Dow Jones Industrial Average traded 70 points higher, or 0.2%. The S&P 500 climbed 0.4%, and the...
The dollar weakened on Monday (September 29) amid concerns over a potential government shutdown, with the yen outperforming the euro ahead of a series of US economic data releases that could provide further clues about the direction of Federal...
With US government funding set to expire at midnight on Tuesday, Republicans and Democrats in Congress show no signs of agreeing to a temporary budget fix that would avert a government shutdown. President Donald Trump will meet with congressional...
US President Donald Trump on Thursday announced sweeping new import tariffs, including a 100% duty on brand-name drugs and a 25% levy on heavy-duty...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also...
European stocks closed sharply higher on Friday, recovering from losses in the previous two sessions, as markets reassessed the impact of new US...
Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to hold...