The Hang Seng fell 49 points, or 0.24%, to close at 20,041 on Monday, following a lackluster performance in the previous session. Losses were led by the technology, property and consumer discretionary sectors as traders remained cautious ahead of China's official December PMI data, due for release on Tuesday.
China's economic recovery remained uneven in November, with factory activity expanding for a second month while the services sector stagnated.
Meanwhile, US futures plunged as Wall Street prepared for the final trading week of 2024, amid rising US Treasury yields and concerns over the potential for more limited interest rate cuts in 2025. Limiting further losses were remarks by PBOC Governor Pan Gongsheng, who noted that the weighted average RRR for Chinese banks was around 6.6% after recent RRR cuts, leaving "some room" compared with central banks in major economies.
The most prominent were Sands China (-5.3%), Trip.Com (-3.8%), Lenovo Group (-3.4%), Geely Auto (-2.3%), and Li Auto (-1.9%).
Source: Trading Economics
Equities in Hong Kong rose 104 points, or 0.4%, to 25,341 in early trade on Wednesday, rebounding from steep losses in the previous two sessions. Bargain hunting emerged after markets slid to a near f...
The Hang Seng Index fell 393 points, or 1.5%, to 25,217 on Tuesday (December 16), closing at a nearly four-week low and extending the previous session's sharp decline as mainland Chinese stocks slumpe...
Hong Kong shares dropped 371 points, or 1.4%, to 25,258 Tuesday morning's session, extending steep losses from the previous day as all sectors retreated. Risk appetite was burdened by declines in main...
The Hang Seng Index is expected to open lower on Monday, December 15, 2025, after previously closing slightly above 25,975. This lower opening projection comes amid sluggish global sentiment, after Wa...
The Hong Kong Stock Exchange opened lower on Monday, with the Hang Seng briefly dropping to 25,698 before recovering slightly to trade around 25,771 (down 0.79%). Pressure was also seen in the China E...
Brent oil prices stabilized below US$59 per barrel after several days of sharp declines. Market concerns about a global supply glut, driven by the return of production from OPEC+ and other producers, prevented prices from recovering despite...
Silver prices moved within a limited range as investors weighed weak US employment data, which was not enough to fuel expectations of an imminent interest rate cut. The Federal Reserve's cautious stance has kept buying interest in silver from...
Equities in Hong Kong rose 104 points, or 0.4%, to 25,341 in early trade on Wednesday, rebounding from steep losses in the previous two sessions. Bargain hunting emerged after markets slid to a near four-week low the day before, lifting most...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...
Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic...
Asian markets opened lower in the last full trading week of 2025, fueled by concerns about the prospects for tech company profits and growing AI...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10%...