The Hang Seng Index jumped 366 points, or 1.9%, to close at 20,066 on Friday, ending a two-day decline. The recovery followed a recent "cordial" conversation between U.S. President Trump and Chinese leader Xi Jinping, in which Trump expressed hope for a trade deal with China. The index jumped 2.5% for the week, marking its second straight gain after Chinese regulators urged insurers and mutual funds to buy more stocks to spur a rapid recovery in mainland stocks.
A record close on Thursday in the S&P 500 also lifted sentiment, with Trump expecting lower interest rates as the Fed meets for the first time this year next week. Capping further gains was caution ahead of China's official January PMI figures, due on Monday. All sectors advanced, with technology, consumer discretionary and financials among the top movers. Individually, Sunny Optical Tech. jumped 7.9%, followed by Xiaomi Corp. (6.5%), SenseTime Group (6.3%), Semicon Manufacturing (5.5%), and BYD Electronic Intl. (5.4%).
Source: Trading Economics
The Hang Seng climbed 233 points, or 0.9%, to close at 26,855 on Tuesday, reversing early losses to hit a two-week high on broad-based gains. The index jumped 7% in September, its fifth straight mont...
Hong Kong stocks opened higher on Tuesday, following Wall Street's rally, amid hopes of fresh stimulus after a report showed China's manufacturing activity remained weak. The Hang Seng Index rose 0.4%...
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 ...
Gold fell on Tuesday as investors booked profits after prices hit a record high earlier in the session, while concerns about a US government shutdown and growing speculation of a Federal Reserve interest rate cut limited losses. Spot gold fell...
Silver prices weakened to $46 per ounce on Tuesday (September 30th) after hitting a fourteen-year high of $47.2 earlier in the trading session amid supply risks and a bullish demand outlook for both bullion and industrial silver. The Silver...
President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu's endorsement on Monday for a US-sponsored peace proposal to end the nearly two-year war in Gaza, but questions arose over whether Hamas would accept the plan. Speaking at a...
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
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...
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...
The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the...