The Hang Seng rose 146 points or 0.6% to finish at 23,828 on Wednesday, marking its second straight session of gains and reaching its highest level since late March. All sectors advanced, led by consumer, tech, and property stocks.
Market sentiment was buoyed by a positive call from Morgan Stanley, which raised its targets for Chinese stock indexes, citing structural improvements and progress on tariffs and earnings.
However, further upside was limited by a sharp drop in U.S. futures following Wall Street's recent rally.
Also, Morgan Stanley warned that deflation risks in China may persist through at least 2026. Mining stocks gained as gold prices hit a one-week high, with Zijin Mining surging 7.5%.
EV battery giant CATL jumped 9%, extending gains after a strong 16% debut on Tuesday. Other notable gainers included EV makers Li Auto (3.8%) and Geely Auto (2.6%), as well as pharma stocks like Wuxi Biologics (2.1%), Hansoh Pharmaceutical (1.4%), and Innovent Biologics (0.7%).
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...
Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...
The Producer Price Index (PPI) for final demand in the US rose 2.3% annually in June, according to data published by the US Bureau of Labor...
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's...
The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the...