Hong Kong stocks fell 319 points, or 1.6%, to 19,787 in early trading on Wednesday, ending a six-session rally after U.S. President Trump said he could impose 10% tariffs on all Chinese imports after excluding China from a list of countries he would soon target a day earlier.The Hang Seng fell from its highest level in nearly four weeks, weighed down by broad weakness.
However, gains on Wall Street overnight helped limit further losses, as Trump is expected to announce a new investment push for AI, led by major companies including Softbank Group Corp., OpenAI and Oracle. At home, Hong Kong's annual inflation rate was 1.4% in December, unchanged for three months and at its lowest since May. Early laggards included KE Holdings (-3.2%), JD Logistics (-2.6%) and Longfor Group (-1.7%). Meanwhile, Geely Auto fell 1.8% despite plans to partner with Handal Motor to build a second phase plant in Indonesia and start operations in Q3. (AL)
Source: Trading Economics
The Hang Seng plunged 500 points or 1.9% to end at 26,572 on Friday, its sharpest one-day drop since mid-October, snapping a four-session gain. The slump followed a tumble on Wall Street Thursday as h...
The Hong Kong stock market opened sharply lower on Friday, immediately breaking its four-day uptrend. The Hang Seng Index fell 412 points, or around 1.52 percent, to 26,660. The greatest pressure came...
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...
US stocks moved lower on Friday, with the S&P 500 down 1% and the Nasdaq falling 1.6%, both hitting one-month lows, while the Dow Jones dropped about 400 points. The tech sector remained under heavy pressure as investors grew increasingly...
Oil prices climbed around 2% on Friday, boosted by supply fears after the Black Sea port of Novorossiysk halted oil exports following a Ukrainian drone attack that hit an oil depot in the major Russian energy hub. Brent crude futures were up...
The US dollar strengthened again in today's session after being pressured by news of the US government reopening and expectations that delayed economic data would show weakness. However, the increase came due to comments from Federal Reserve (The...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared...
The S&P 500 rose 0.3% and the Dow Jones Industrial Average jumped 630 points to a new record high, while the Nasdaq Composite Index fell 0.3% as...