The Hang Seng rose 132 points, or 0.7%, to close at 20,198 on Monday (1/27), gaining for a second session amid broad gains. Positive sentiment was supported by news that the US and Colombia have averted trade tensions, as the White House confirmed that Bogota has agreed to all conditions set by President Trump in the migrant dispute. Adding to the upbeat mood, three Chinese insurance companies received regulatory approval to invest CNY 52 billion in stocks. Furthermore, excitement around DeepSeek, a Chinese AI with a cost-saving model, increased, sending tech stocks such as Kuaishou Tech (+3.8%) higher. The index trimmed its gains, however, amid a sharp decline in US stock futures ahead of earnings from big tech companies this week, and interest rate moves from major central banks, especially the Fed. In China, official PMI data disappointed, with factory activity falling and services growth slowing ahead of the Spring Festival. Laopu Gold jumped the most (11.2%), along with SenseTime Group (6.6%), and Kingsoft (4.2%).(AL)
Source: Trading Economics
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of ...
The Hang Seng Index extended its rally for the third consecutive day in the latest trading session in Hong Kong on Wednesday (February 11). The index rose 0.3%, or 83.23 points, to close at 27,266.38,...
The Hang Seng continued to strengthen on Tuesday (February 10th), rising 156 points (0.6%) to close at 27,183. This marked a second consecutive day of gains, with most sectors contributing to the mark...
Hong Kong stocks surged on Monday morning. The Hang Seng Index rose 488 points, or around 1.8%, to 27,051, rebounding after weakening in the previous session. Sentiment was also lifted by Wall St...
The Hang Seng Index weakened 1.2% to close at 26,559.95 in Hong Kong trading on Friday (February 6). This decline brought the Hang Seng Index to its lowest closing level since January 20, after a slig...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...