The Hang Seng jumped 644 points or 2.6% to finish at 25,614 on Wednesday, notching its highest level in two weeks while marking the largest one-day rise since mid-May. It was the second straight advance, with all sectors rallying. Sentiment was boosted by China's year-long plan to subsidize consumer loan interest—90% funded by the central government and 10% by provinces—to spur household spending.
A strong Wall Street session on Tuesday also supported risk appetite, as slower U.S. inflation data reinforced bets of a Fed rate cut in September and suggested limited pass-through from U.S. tariffs to consumer prices. On the mainland, the Shanghai benchmark hit a 3-1/2-year high after Washington and Beijing extended their 90-day tariff truce by another 90 days.
Tencent Music surged 15.6% to a record on strong quarterly earnings, and MMG jumped 10.4% on robust H1 results. Meanwhile, HSBC Group climbed 1.83 to its highest in 17 years, and WH Group gained 6.2% to a five-year high.
Source: Trading Economics
Hong Kong stocks rallied in Wednesday morning trading, with the benchmark index rising 357 points, or 1.4%, to 25,324. This increase extended the rally into a second session and brought the market to ...
The Hang Seng rose 63 points or 0.25% to close at 24,970 on Tuesday, swinging from early losses and marking the second straight gain. Sentiment finally improved after Washington and Beijing extended t...
Hong Kong stocks fell 84 points, or 0.3%, to 24,826 in a volatile Tuesday morning session, reversing the previous day's modest gains. Investors were cautious following negative sentiment on Wall Stree...
The Hang Seng added 48 points or 0.2% on Monday, ending around 24,907 after a brief dip in morning trade, lifted by optimism over fresh property market support in the mainland. Beijing city announced ...
The Hang Seng Index opened 87 points higher, or 0.35%, at 24,946 points, while the National Enterprises Index rose by 23 points, or 0.26%, to 8,918 points. The Technology Index increased by 10 points,...
Gold futures rise on heightened expectations of a Federal Reserve interest rate cut. Futures are up 0.4% at $3,412.90 a troy ounce. Optimism for a rate cut in September is rising on benign consumer price index data and a weak nonfarm payroll print,...
US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin. "Will be speaking to European Leaders in a short while. They are...
Crude held near $66 a barrel after the International Energy Agency said oil markets are set to see a growing surplus at the end of this year and into next. The Brent and West Texas Intermediate futures benchmarks were both little...
On April 6, the Sunday after Donald Trump announced the "Liberation Day" tariffs, Treasury Secretary Scott Bessent joined the president on his...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington, D.C., from crime,...
U.S. President Donald Trump on Monday said he hopes China will "quickly quadruple" its soybean orders from American farmers, framing the move as a...
About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the...