The Hang Seng plunged 182 points, or 0.9%, to close at 19,560 on Thursday after a sluggish session the previous day, weighed down by losses across sectors. Investor jitters grew over China's policy outlook ahead of next week's central economic work forum and Politburo meeting.
U.S.-China technology restrictions and concerns about additional trade disputes also rattled markets. Some economists warned that China's recovery momentum during Q4 could slow in H1 2025, partly due to the impact of the new U.S. administration.
Political turmoil in South Korea and France further contributed to market volatility, along with caution ahead of China's trade data, due later this week.
Fed Chair Powell's latest comments on the U.S. economy and a surge in U.S. tech stocks on Wednesday, ahead of Friday's NFP data, limited further declines. Among the biggest losers were Meituan (-4.0%), Alibaba Health Intl. (-3.8%), Trip.Com (-3.6%), and KE Holdings (-3.1%).
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...
The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on chipmaking equipment and other goods and technology. The Commerce Department issued a new rule...
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...
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...