Hong Kong shares surged 375 points, or 1.4%, to 26,405 on Friday morning's trade, reversing losses in the prior session and hitting their highest in over four years. The rally was broad-based, tracking a global rally after Wall Street's S&P 500 notched a third record close Thursday following higher-than-expected US jobless claims that solidified bets of a Fed rate cut next week, with more easing through year-end.
For the week, the Hang Seng is up about 4%, set for a second straight weekly gain, lifted by a report that Beijing may direct state banks to help local governments cover unpaid bills. However, gains were capped by concerns that the U.S. could restrict Chinese medicines and tighten oversight of licensing deals for experimental drugs.
Alibaba Hong Kong jumped 7% and Baidu soared almost 4% after both firms began using internally designed chips to train AI models, reducing reliance on Nvidia. Other top movers included China Hongqiao (4.6%), XPeng (2.8%), and Pop Mart Intl. (2.7%).
Source: Trading Economics
The Hang Seng Index opened higher, gaining 193 points to reach 26,321, and is currently up 313 points or 1.2%, standing at 26,442. The China Enterprises Index rose by 89 points or 0.95% to 9,392, whil...
The Hang Seng slipped 356 points, or 1.4%, to end at 26,128 on Friday, marking a second straight session of losses as consumer stocks slumped after President Trump proposed steep tariffs, including a ...
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points...
The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade. A retreat from record highs on Wall Str...
The Hang Seng Index started the day with a marginal increase of 17 points or 0.06%, reaching 26,536 points. Concurrently, the H-share index dropped by 5 points or 0.05%, standing at 9,437 points, whil...
The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the US. Traders were also digesting corporate news and economic data. Shares of AstraZeneca jumped 1.6%...
The Nikkei 225 Index fell 0.69% to 45,044 while the broader Topix Index sank 1.74% to 3,132 on Monday, extending losses for a second day as many Japanese stocks traded ex-dividend and investors braced for a heavy data calendar that could clarify...
World oil prices are currently trading around $69,488 per barrel on Monday morning (September 29, 2025), still moving at low levels after selling pressure from last weekend. Market participants are beginning to reconsider the global demand outlook...
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to...
Russia's export rules spark diesel market jitters"Boosting prices were initial reports that Russia intends to ban some companies from exporting...
US President Donald Trump on Thursday announced sweeping new import tariffs, including a 100% duty on brand-name drugs and a 25% levy on heavy-duty...
U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty...