The Hang Seng Index rose 301 points, or 1.2%, to 26,387 on Friday (September 12), climbing for a sixth straight session to its highest level since August 2021. The index surged 3.8% for the week, its strongest weekly gain since March, amid record highs on Wall Street as rising US jobless claims reinforced speculation of a Fed rate cut next week, with further easing likely through the end of the year.
Adding to the positive sentiment, US Treasury Secretary Scott Bessent will meet with Chinese Vice President He Lifeng in Madrid next week to continue talks on trade, economic, and security issues. However, further gains were capped by caution ahead of China's August activity data, due next week.
Technology stocks led gains amid renewed optimism about AI, while consumer and property stocks rallied as Beijing stepped up to help local governments cover unpaid bills. Alibaba and Baidu surged after launching internally developed chips for training AI models, reducing reliance on Nvidia. Other top movers included China Hongqiao (6.1%), Akeso (6.0%), and Zhaojin Mining (4.3%). (alg)
Source: Trading Economics
The Hang Seng Index fell 63 points, or 0.2%, to 26,283 on Thursday (October 30th), reversing early gains and marking its second consecutive session of declines. Sentiment turned cautious despite China...
The Hang Seng Index rose 0.4% to 26,455.74 on Thursday (October 30th), marking a three-week high. The rise was driven by expectations of a deal at the Xi–Trump meeting and positive sentiment after the...
The Hang Seng fell 87 points, or 0.3%, to finish at 26,346 on Tuesday, reversing three consecutive sessions of gains as U.S. futures pointed to a lower open on Wall Street following Monday's rally. Ma...
Hong Kong's Hang Seng Index opened up 75 points, or 0.28 percent, to 26,508 on Tuesday, marking its fourth consecutive day of gains. This increase was driven by the relatively stable financial sector ...
The Hang Seng jumped 274 points, or 1%, to end at 26,434 on Monday, rising for the third session. A surge in U.S. futures boosted sentiment, amid renewed optimism over a potential U.S.-China trade dea...
Stocks were lower Thursday as investors digested a batch of Big Tech earnings, while a meeting between President Donald Trump and Chinese President Xi Jinping concluded. The Dow Jones Industrial Average shed 131 points, or 0.3%. The S&P 500...
The European Central Bank (ECB) announced on Thursday (October 30th) that it kept its key interest rates unchanged after its October policy meeting, as expected. This decision leaves the main refinancing operations rate, the marginal lending...
The US dollar traded higher for the second consecutive day against a basket of currencies. The greenback strengthened sharply on Wednesday, following hawkish comments from Fed Chairman Jerome Powell, extending its gains to the 99.25 area in...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...
European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...