The Hang Seng ended nearly flat at 20,217 on the first trading day of February, steadying after a sharp loss in morning deals as gains in the technology and consumer discretionary sectors nearly offset losses in the property and financial sectors. Traders digested a Wall Street Journal report that Beijing is seeking to avoid tariff hikes and technology restrictions from the Trump administration. Meanwhile, China's Commerce Ministry is preparing to file a complaint with the WTO. Although private survey data showed the weakest factory activity growth in four months for China through early 2025, traders remained hopeful, looking to March's annual legislative meeting for additional stimulus to support the market's recovery. Alibaba Group Holdings jumped 6.5% after reporting that its new AI model outperformed Meta Platforms' Llama and DeepSeek's V3 in tests. In contrast, Li Auto fell 5.7% following weak sales in January, while Galaxy Entertainment dropped nearly 6% on a slight decline in gambling revenue for the month.
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...
Oil prices rose nearly 2% on Friday (November 14th), driven by supply concerns after the Black Sea port of Novorossiisk halted oil exports following a Ukrainian drone attack on an oil depot in Russia's key energy hub. Brent crude futures rose...
Gold fell as optimism that the Federal Reserve will cut interest rates next month was shaken by continued uncertainty over economic data, following the longest government shutdown in U.S. history. Expectations for a Fed rate cut declined as the...
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...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
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...
European equities extended gains for a fourth consecutive session on Thursday, with both the STOXX 50 and the STOXX 600 rising nearly 0.2% to fresh...