Hong Kong shares rose 65 points, or 0.3%, to 23,404 in early trade on Wednesday, trying to bounce back from a near two-week low hit the previous day. Gains were led by the technology, consumer discretionary and property sectors, with traders reacting positively to trade data showing the city's exports and imports rose at the fastest pace in 13 months. Meanwhile, U.S. stock futures edged higher after Wall Street posted modest overnight gains ahead of President Trump's April 2 tariff deadline. In China, Morgan Stanley raised its outlook on mainland stocks for the second time in just over a month, citing improved earnings prospects as supporting valuations. Further gains were capped by caution ahead of China's February industrial earnings, due on Thursday. Knitwear maker Shenzhou Intl. jumped about 8% to a 12-month high on strong earnings growth. Other movers among large-cap stocks included Haidilao Intl. Hlds. (5.5%), Zhejiang Leapmotor (5.1%), WH Group Ltd. (5.1%), and China's largest shareholders. (4.7%), and Kingdee Intl. Software (4.3%).(Newsmaker23)
Source: Trading Economics
Hong Kong's stock market was under pressure again at the start of the week as investors remained cautious ahead of the release of US September non-farm payrolls (NFP) data on Thursday—the first signif...
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 global geopolitical situation is once again showing signs of escalation, particularly in the Asia-Pacific region. A ship collision between the Chinese Coast Guard and the People's Liberation Army (PLA) Navy in the disputed South China Sea adds...
Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to "proceed slowly" with any further interest rate cuts as it eases policy towards a level that would likely stop putting downward pressure on inflation. In...
The three major stock averages in the US swung around the flatline on Monday, as investors braced for the resumption of economic data releases from major statistical agencies following the end of last week's government shutdown. Key reports...
Asian stock markets opened cautiously at the start of the week, with the MSCI Asia Pacific index rising slightly by 0.2%. The Kospi led the gains,...
US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and...
The three major stock averages in the US swung around the flatline on Monday, as investors braced for the resumption of economic data releases from...
A Russian missile strike on the eastern Ukrainian city of Balakliia killed three people, with three teenagers among the 10 wounded, Kharkiv regional...