The Hang Seng finished flat at around 21,981 on Monday, as traders digested a key press briefing in China following Friday's Politburo meeting. Officials promised to support exporters and workers affected by U.S. tariffs while preparing contingency plans for the broader Chinese economy.
The muted session followed modest losses in early trade, with strength in financials and tech offsetting weakness in property and consumers, after Beijing refrained from rolling out fresh stimulus, indicating that further actions would be launched as the situation evolves.
Meanwhile, U.S. futures fell modestly after Treasury Secretary Bessent Sunday failed to back President Trump's claim that tariff talks with China were underway.
Meantime, Beijing has granted some exclusions on U.S. imports previously hit by 125% counter-tariffs. Notable laggards included Akeso Inc. (-11.8%), and BYD Electronic (-8.6%), while Pop Mart Intl. (12.1%), China State Construction (6.0%), and SITC Intl. (4.0%) jumped.
Source: Trading Economics
The Hang Seng Index surged 327 points, or 1.3%, to close at 24,825 on Friday (July 18th), reversing two days of declines as all sectors rallied. The index hit a four-month high and rose 2.8% for the w...
The Hang Seng Index opened 258 points higher, or 1.05%, reaching 24,757 points. The National Enterprises Index rose by 92 points, or 1.04%, to 8,945 points, while the Technology Index increased by 71 ...
The Hang Seng Index weakened 19 points, or nearly 0.1%, to close at 24,499 on Thursday (July 17th), declining for the second consecutive session due to continued profit-taking after the benchmark inde...
The Hong Kong stock market was little changed on Thursday morning deals, after closing slightly lower the day before. The Hang Seng hovered around 24,516 in a choppy session, with modest gains in prop...
The Hang Seng Index fell 72 points, or 0.3%, to close at 24,518 on Wednesday (July 16th), down from a four-month high reached earlier in the session as traders booked profits. The decline ended a four...
The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S....
Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of...
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data...
The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed...