Hong Kong stocks jumped 400 points, or 1.7%, to 24,091 in early trading on Tuesday, rising for a third straight session and hitting a one-week high. Sentiment was boosted by a rally in U.S. futures and easing geopolitical tensions after President Trump announced a temporary ceasefire between Israel and Iran, starting around midnight Monday, Washington time.
The market also welcomed comments from Fed Vice Chair Michelle Bowman, who hinted at the possibility of an interest rate cut as early as July. In China, the top legislature, known as the NPC Standing Committee, will meet this week to review a draft revision of an anti-unfair competition law aimed at curbing fierce competition on online platforms and strengthening regulatory authority.
The gains in Hong Kong were broad-based, with all sectors up more than 1%, supported by the strongest Stock Connect inflows in three weeks. SMIC rose 2.8% amid reports of possible new US tech curbs, while China Hongqiao Group rose 5.3%, Li Auto 4.4% and Techtronic Industries 3.6%. (alg)
Source: Trading Economics
The Hang Seng plunged 500 points or 1.9% to end at 26,572 on Friday, its sharpest one-day drop since mid-October, snapping a four-session gain. The slump followed a tumble on Wall Street Thursday as h...
The Hong Kong stock market opened sharply lower on Friday, immediately breaking its four-day uptrend. The Hang Seng Index fell 412 points, or around 1.52 percent, to 26,660. The greatest pressure came...
The Hang Seng Index rose for the fourth day, climbing 0.6%, or 150.3 to 27,073.03 in Hong Kong. The index advanced to the highest closing level since Oct. 3. Alibaba Group Holding Ltd. contributed th...
Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent ...
The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment stren...
US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest rate cut. This left the S&P 500 and Nasdaq 100...
Oil prices rose more than 2% on Friday (November 14th) as the Russian port of Novorossiisk halted oil exports following a Ukrainian drone attack on an oil depot in the Russian energy hub, sparking supply concerns. Brent crude futures closed up...
Gold prices fell 3% on Friday (November 14th) due to a broader market sell-off, triggered by hawkish remarks from US Federal Reserve officials, which dimmed hopes of a December interest rate cut. Spot gold prices fell 1.9% to $4,092.72 an ounce,...
Both the STOXX 50 and STOXX 600 reversed early gains and closed down 0.6% and 0.8%, respectively, on Thursday, retreating from new record highs...
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks....
The US government is scheduled to reopen on Thursday (November 13) after the longest shutdown in US history that disrupted air traffic, cut food aid...
Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of...