The Hang Seng closed 0.14% higher at 20,225 on Tuesday (1/28) in a half-day session ahead of the Lunar New Year celebrations. The index marked its third straight session of gains, largely supported by technology advances and consumer spending. Traders were closely following developments on Chinese startup DeepSeek's affordable AI model, as its emergence raised concerns about U.S. dominance in the tech sector. China Vanke Co. jumped 2.1% after overhauling its management, following assurances from Chinese authorities to support the troubled builder. Xiaomi Corp. ended at a record high, jumping more than 3% on strong performance. In contrast, China South City Holdings fell about 9% after being hit with a liquidation petition in Hong Kong over alleged default on about $306.2 million in bonds due in April 2024. For the week, the index rose 0.8%, marking its third straight gain. The market will be closed for the rest of the week and will reopen on Monday, February 3. (AL)
Source: Trading Economics
The Hang Seng Index fell 121 points, or 0.5%, to close at 25,497 on Tuesday, after surging 2% in the previous session amid a sharp decline in US index futures ahead of the August jobs report and conce...
The Hang Seng Index opened down by 29 points, or 0.11%, settling at 25,587 points. The Enterprise Index also declined, falling by 9 points or 0.11% to 9,111 points. Meanwhile, the Technology Index exp...
The Hang Seng Index surged 540 points, or 2.2%, to close at 25,617 on Monday (September 1), its biggest one-day gain since August 13 and its second consecutive gain, driven by broad gains. Consumer st...
Following a four-month streak of gains, the Hong Kong stock market has continued its upward momentum into September. The Hang Seng Index opened strongly, climbing by 430 points or 1.71% to reach 25,50...
The Hang Seng Index rose 79 points, or 0.3%, to close at 25,078 on Friday (August 29th), snapping a three-day decline driven by gains in consumer and technology stocks. The index gained 1.2% in August...
Global stocks fell and long-dated bond yields in Europe hit multiyear highs on Tuesday as investors grew increasingly worried about the state of finances in countries around the world, while the dollar gained, and gold touched a fresh record...
U.S. President Donald Trump expressed disappointment with Russian President Vladimir Putin and indicated his administration plans to take action regarding casualties in the Ukraine war. "I am very disappointed in President Putin, I can say that,...
European stocks closed sharply lower on Tuesday, tracking a broad selloff in global equities amid the rise in long-term borrowing costs, while markets parsed the latest inflation data. The annual inflation rate in the Eurozone inched higher to...
Sepanjang pekan terakhir, pasar komoditas mencatat pergerakan yang dinamis, khususnya pada logam mulia dan minyak mentah. Harga perak bertahan...
European bourses opened September in positive territory, with both the STOXX 50 and STOXX 600 rising nearly 0.3% after modest gains in August....
Asia-Pacific markets traded mixed Monday as investors assess China's RatingDog manufacturing data for August. The metric - which was previously...
U.S. Treasury Secretary Scott Bessent defended President Donald Trump's removal of Federal Reserve Governor Lisa Cook, saying the central bank has...