The Hang Seng plunged 448 points, or 1.9%, to close at 23,784 on Monday, falling for a second session as U.S. futures fell amid concerns over an economic slowdown. Worries have been heightened by fresh levies on major trading partners, rising U.S. unemployment and federal layoffs.
Sentiment has been further dampened by deflationary pressures in China, with consumer prices posting their sharpest decline in 13 months in February and producer prices extending their decline to 29 months. On the trade front, tensions have been rising as China plans retaliatory tariffs on Canadian farm products.
Meanwhile, enthusiasm for China's AI sector faded, with hedge funds reportedly selling mainland equities for a fourth week. All sectors suffered sharp losses, led by technology, consumer and property. Limiting further declines was Beijing's commitment to maintaining stable employment. Among the laggards was Kingdee Intl. Software (-7.4%), Shenzhou Intl. (-5.3%), Meituan (-4.7%), and Kingsoft Intl. (-4.3%).
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 ...
The Nikkei 225 fell 0.85% to 44,551 while the broader Topix dropped 1.37% to 3,095 on Wednesday, extending this week's declines as investors digested mixed economic signals. Business sentiment among large manufacturers improved in Q3 to its...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long, grueling standoff that could lead to the loss of...
Gold prices surged to a new high of $3,875.53 per ounce, extending their rally to four consecutive days. This surge occurred as investors grew concerned about a possible US government shutdown, which could delay the release of important data like...
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 Tuesday with focus on the Reserve Bank of Australia's interest rate decision later in the day.
The RBA is...
President Donald Trump's administration started detailing its plans on Monday for which services it will pause if the federal government shuts down...