The Hang Seng surged 532 points or 2.3% to close at 23,641 on Wednesday, recovering from the prior session's sharp drop after softer-than-expected U.S. consumer inflation eased concerns over the inflationary impact of U.S. tariff policies.
Gains were broad-based, led by consumers and financials. The tech index also saw solid gains, as Nvidia and AMD will supply semiconductors to Saudi Arabia's Humain for a data center project. Separately, the U.S. is reportedly mulling a deal allowing the UAE to import over a million advanced Nvidia chips.
Investors turned their focus to earnings from major Chinese tech firms, with Tencent reporting later today and Alibaba on Thursday, which may provide insights into how they're navigating geopolitical uncertainty.
Meituan rose 1.2% after expanding into Brazil with its Keeta app, while JD.com jumped 3.6% on strong earnings. Other notable gainers included Smoore Intl. (9.7%), Zhejiang Leapmotor (6.0%), Orient Overseas (4.8%), and Wuxi Biologics (2.8%).
Source: Trading Economics
The Hang Seng Index rose 192 points, or 0.75%, to end at 25,690 on Friday, extending its gains for a third session as all major sectors advanced. Sentiment was boosted by continued gains in mainland C...
Hong Kong stocks rose 150 points, or 0.6%, to 25,649 in early trading on Friday, maintaining gains for the third straight session amid broad-based strength across sectors. Sentiment was lifted by a st...
The Hang Seng Index rose 29 points, or 0.1%, to close at 25,498 on Thursday (December 18), reversing early losses, led by gains primarily from the financial sector. Sentiment improved as mainland Chin...
Hong Kong stocks fell 53 points, or 0.2%, to 25,416 in Thursday morning trading, reversing the previous session's gains after Wall Street closed significantly lower overnight due to lingering concerns...
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded f...
US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the previous session as technology stocks...
European equities closed higher on Friday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4% to a fresh record, boosted by expectations of further Fed rate cuts next year and fading bets that the ECB will raise borrowing costs in...
Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near...
The Bank of Japan (BOJ) is expected to raise interest rates on Friday to a three-decade high, from 0.5% to 0.75%, signaling readiness for further...
European stocks finished in positive territory on Thursday as traders positioned for central bank decisions today.
The pan-European Stoxx 600 was...
Goldman Sachs sees gold prices climbing 14% to $4,900 per ounce by December 2026 in its base case, it said in a note on Thursday, while citing...
Japan's annual inflation rate edged down to 2.9% in November 2025 from October's 3-month high of 3.0%. Core inflation stood at 3.0%, keeping the...