Hong Kong stocks fell 144 points, or 0.6%, to 24,936 in early trading on Friday, ending a four-day winning streak amid widespread weakness. Caution prevails ahead of China's July CPI and PPI data due Saturday, with consumer prices expected to ease slightly and producer deflation likely to persist amid ongoing trade risks.
On the domestic front, Hong Kong's foreign exchange reserves fell to a three-month low of USD 425.4 billion in July. Semiconductor Manufacturing shares plunged 4.7% after missing second-quarter profit estimates, while MGM China (-4.3%), Kingdee Intl. Software (-4.2%), SITC Intl. (-2.5%), and Mixue Group (-2.4%) also posted significant losses.
However, the Hang Seng is on track for a weekly gain of around 1.8%, recovering from last week's 3.5% decline. Sentiment strengthened earlier this week after US President Trump stated that a trade deal with China was close, and that he planned to meet President Xi before the end of the year if progress continued. China's July trade data, which beat expectations, also supported optimism. (alg)
Source: Trading Economics
Stocks in Hong Kong surged 413 points, or 1.6%, to 26,043 in early trade on the first trading day of 2026, rebounding from losses in the previous session as markets reopened after the New Year break. ...
The Hang Seng slipped 224 points, or 0.9%, to close early at 25,630 on the final trading day of 2025, as markets closed early ahead of the New Year. The index reversed the prior session's strength as ...
The Hang Seng Tech Index fell 1% to 5,521, indicating renewed pressure on Hong Kong technology stocks in the latest trading session. This decline reflects a more cautious sentiment towards the techno...
The Hang Seng rose 219 points, or 0.9%, to end at 25,855 on Tuesday, reversing prior losses with broad-based sector gains. Tech stocks led the rally, up 1.7% on strong moves from SMIC (4.5%), Horizon ...
The Hang Seng fell 184 points, or 0.7%, to close at 25,635 on Monday, reversing modest gains from the previous session, as markets entered the final trading week of 2025. Early strength was erased aft...
The S&P 500 fluctuated on Friday (January 2), the first trading day of 2026, as gains in semiconductor stocks tried to keep the index steady. The benchmark index was last up 0.1%, while the Nasdaq Composite fell 0.1%. Both indexes had...
Oil prices fell on Friday (January 2), the first trading day of 2026, after posting their biggest annual loss since 2020, as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuelan...
Gold and silver steadied at the beginning of the year after their best annual performances since 1979 as traders assessed the reweighting of a benchmark commodity index that starts next week. Bullion gained as much as 1.9% on Friday before paring...
European equity markets extended their rally on the first trading day of 2026, with benchmark indices pushing to fresh record highs despite thin...
Stocks were little changed Wednesday as Wall Street got ready to close out a bumper year for equities.
Stocks are riding a three-session losing...
European stocks ended mixed on the last trading day of the year.
The pan-European Stoxx 600 index closed a shortened trading session 0.1% lower on...
Russia and Ukraine have accused each other of attacking civilians during New Year's celebrations. Moscow said a Ukrainian drone strike hit hotels...