Shares in Hong Kong soared 394 points or 1.8% to 21,685 in early trade on Wednesday, swinging from a 1.0% fall in the previous session amid solid gains across sectors. The Hang Seng touched its highest level in four months following a pledge from China's cabinet to spur spending and lure foreign investment ahead of an annual legislative gathering in March. In the US, Fed Chair Powell told Congress on Tuesday that the central bank is in no rush to cut borrowing costs and that it would be unwise to speculate on tariff policy at this time. Capping further gains was news that US President Trump could launch import duties on cars. Alibaba Group climbed 8.3% as it was reportedly partnering with Apple Inc. to roll out artificial intelligence features for iPhone users in China. Meantime, BYD Co. jumped 7.3% after offering advanced driving features on most of its models at low cost. Other early winners included Semicon Manufacturing (4.3%), Xiaomi Corp. (4.2%), and Tencent Hlds. (2.5%).(Cay)
Source: Trading Economi
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 more than 2% on Friday (November 14th) as the Russian port of Novorossiisk halted oil exports following a Ukrainian drone attack on an oil depot in the Russian energy hub, sparking supply concerns. Brent crude futures closed up...
Gold prices fell 3% on Friday (November 14th) due to a broader market sell-off, triggered by hawkish remarks from US Federal Reserve officials, which dimmed hopes of a December interest rate cut. Spot gold prices fell 1.9% to $4,092.72 an ounce,...
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...
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...