The Hang Seng closed slightly lower at 24,163 on Tuesday, reversing early gains as declines in the technology and consumer staples sectors weighed on sentiment. Some traders locked in profits after the index hit a near three-month high in the previous session.
Market sentiment turned cautious as mainland stocks retreated ahead of the second day of U.S.-China trade talks, where officials aim to resolve key disputes. While Washington and Beijing agreed to ease tariffs for 90 days, trade flows remained weak, with Chinese exports to the U.S. falling the most since the pandemic and U.S. imports from China dropping nearly 20% in May.
EV stocks declined as competition among leading Chinese EV makers intensified. Geely joined Great Wall Motor in criticizing BYD over its aggressive price cuts. Li Auto fell 3.4%, while Geely Auto fell 0.6%. Other major decliners included Mixue Group (-5.9%), Meituan (-2.8%), Xiaomi Corp. (-1.5%), Kuaishou Tech (-1.4%), and Tencent Holdings (-1.0%).(alg)
Source: Trading Economics
The Hang Seng Index fell 17 points, or 0.1%, to close at 25,935 on Wednesday (November 5), marking its second session of decline after Wall Street plunged on valuation concerns on Tuesday. Technology ...
Hong Kong stocks continued their decline on Wednesday, with the Hang Seng Index falling 1.1% to 25,664.92, after losing 0.8% in the previous session. The decline was driven by weakness in major techno...
The Hang Seng index slumped 206 points, or 0.8%, to close at 25,952 on Tuesday, losing early gains as sentiment soured amid a broad sectoral decline. The technology index fell 1.8% after US President ...
Hong Kong stocks rose 55 points, or 0.2%, to 26,210 in early trading on Tuesday (November 4), posting a second consecutive session of gains. Market sentiment was boosted by positive comments from Chie...
The Hang Seng Index surged 252 points, or 1%, to close at 26,158 on Monday, reversing losses from the previous three sessions amid broad sector gains. Sentiment was boosted by the US-China trade truce...
Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressure from concerns of a possible global oil glut, but data showing signs of strong U.S. demand for fuel limited losses. Brent crude futures closed 92 cents, or 1.43%,...
European stocks closed slightly higher on Wednesday, tracking the rebound in North American equities as speculation on future AI returns continued to dictate risk sentiment. The Eurozone's STOXX 50 rose 0.2% to 5,670 and the pan-European STOXX 600...
Silver traded above $47.5 per ounce on Wednesday, snapping a three-day losing streak as global risk-off sentiment spurred demand for safe-haven assets. Global equities and other risk assets fell sharply amid concerns over stretched valuations and...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....