The Hang Seng fell 132 points or 0.6% to close at 23,158 on Monday, marking its second straight decline amid broad sectoral losses. Renewed Sino-U.S. trade tensions weighed on sentiment after China rejected President Trump's claims that it had violated a Geneva trade deal, calling the accusations "groundless" and vowing to take "forceful measures" in response.
U.S. futures also dropped sharply after Trump announced a steel tariff hike to 50% starting Wednesday, with the European Commission warning of possible retaliation.
However, markets trimmed earlier losses after Treasury Secretary Bessent reassured investors the U.S. "will never default," despite concerns over the debt ceiling.
Meantime, mainland markets were closed for a holiday and will resume trading Tuesday. Automakers continued to fall on persistent price war fears, with Li Auto down 2.2%, along with BYD (-2.0%), and Nio (-2.5%). Major laggards included Akeso Inc. (-10.4%), Longfor Group (-5.4%), and CSPC Pharma (-4.7%).
Source: Trading Economics
The Hang Seng rose 111 points, or 0.4%, to close at 25,802 on Monday, hitting its highest level in over one week and extending gains for a fourth straight session. The move tracked a rise in U.S. futu...
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthe...
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthe...
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 U.S. dollar drifted lower on Monday after logging some gains last week, while threats of government intervention helped the Japanese yen recover mildly from recent losses. Regional markets showed little reaction to the People's Bank of China...
The dollar index held at 98.6 on Monday after a modest gain last week, with trading expected to be quiet this week due to the Christmas holiday. Investor attention will mainly be on the second estimate of GDP for the third quarter, set for release...
Oil prices rose on Monday after officials said the U.S. had intercepted an oil tanker in international waters off the coast of Venezuela, raising fresh supply uncertainty. Brent crude futures gained 57 cents, or 0.9%, to $61.04 per barrel by 0751...
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...
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...
Asian stocks opened higher, following Friday's rise in US stocks, which fueled hopes for a year-end rally. Many investors are starting to re-enter...
Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change U.S. interest rates for months ahead after the central bank...