The Hang Seng ended flat at 26,545 on Friday, as gains in tech and consumer stocks offset losses in financials and property. The index reversed early gains ahead of talks between China's leader Xi Jinping and U.S. President Trump today.
Meanwhile, traders digested news that developer DeepSeek trained its new model with costs well below those reported by U.S. rivals. On the mainland, stocks dropped further after the PBoC signaled no urgency to ease policy despite weak August output. Meantime, U.S. futures were subdued after Thursday's Fed-driven rally amid a shift toward an easing cycle.
Weekly, the Hang Seng booked a third straight gain, up 0.6%, lifted by China's progress in tech sector, notably AI and semiconductors. On the business front, Zijin Gold is set to raise over USD 3.2 billion in Hong Kong's largest IPO since May. Top movers included Sands China (5.2%), China Hongqiao (5.1%), and Techtronic (2.9%), while Innovent Biologics (-5.8%) and Horizon Robotics (-4.3%) led falls.
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 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, while the Tech Index increased by 86 points or 1.4%,...
EUR/USD continued its rally for the second consecutive session, trading around 1.1720 during the Asian session on Monday. The pair strengthened as the US dollar (USD) weakened after the August US inflation report increased the likelihood that the...
Silver prices remained strong in today's Asian session at around $46,303 per troy ounce, extending the upward trend that has been ongoing for the past few weeks. This price surge was driven by increasing investor demand for silver through ETFs,...
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to...
Major European bourses traded slightly higher on Friday, with the STOXX 50 up 0.4% and the STOXX 600 gaining around 0.3%, after two straight...
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...