Hong Kong shares jumped 495 points or 2.5% to 20,304 in Tuesday morning trade, attempting to recover from a historic 13.2% plunge in the previous session—the steepest one-day loss since 2008. The upturn was supported by broad-based gains, led by strength in the tech and consumer sectors. Sentiment improved, buoyed by a sharp rise in U.S. futures, after Wall Street's S&P 500 posted its third consecutive loss overnight in the wake of President Trump's latest tariff announcement. Meanwhile, Beijing warned it will "fight to the end" if the U.S. moves forward with additional tariffs, reaffirming its readiness to implement further countermeasures. Traders also engaged in bargain hunting after China renewed its pledge to cut borrowing costs and the RRR this year, as policymakers move to accelerate stimulus measures aimed at boosting consumption. Notable gains were seen in Horizon Robotics (9.3%), Trip.com (7.4%), Xiaomi Corp. (6.4%), Meituan (4.1%), and Semiconductor Manufacturing (3.6%).
source: Trading Economi
Hong Kong's stock market rebounded after a one-day hiatus. Signs of stabilization in the property sector and gains in technology stocks boosted positive sentiment. As of 9:55 a.m. local time, the Hang...
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 Japanese yen strengthened for the fifth straight day on Thursday, remaining near the two-week high reached the previous day as the US dollar weakened. Markets are increasingly accepting that the Bank of Japan will continue its policy...
Hong Kong's stock market rebounded after a one-day hiatus. Signs of stabilization in the property sector and gains in technology stocks boosted positive sentiment. As of 9:55 a.m. local time, the Hang Seng Index rose 1.3% to 27,191.99, and Hang...
The Australian Dollar (AUD) maintains its position against the US Dollar (USD) on Thursday, following the release of Trade Balance data. Additionally, the AUD/USD pair moves little as traders adopt caution after the United States (US) government...
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...
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...
In a statement after the September policy meeting, the Reserve Bank of Australia said:
"With signs that private demand is recovering, indications...