The Hang Seng dropped 185 points, or 0.7%, to close at 26,159 on Tuesday, its second straight decline and the lowest in nearly two weeks. Sentiment weakened as China's policy measures fell short of expectations following a press briefing by top financial regulators on Monday, including the PBoC governor.
Locally, Hong Kong shut down ahead of Super Typhoon Ragasa, with most flights suspended until Thursday. In the U.S., three Fed officials signaled the need for caution on inflation, while markets awaited a speech from Chair Powell later today. Losses were partly limited by pledges from the China Securities Regulatory Commission to improve the quality of listed firms, attract global capital, and tighten supervision.
Most sectors declined, with tech slipping nearly 1.5% as traders shrugged off reports of Nvidia's potential investment in OpenAI. Pharma stocks also fell sharply, including Sino Biopharma (-4.9%), CSPC Pharma (-4.2%), Wuxi Biologics (-1.4%), and Innovent Biologics (-1.0%).
Source: Trading Economi
Stocks in Hong Kong edged up 27 points, or 0.1%, to 26,186 in Wednesday morning trade, trying to reverse losses from the prior two sessions as most sectors advanced. Bargain hunting, particularly in ...
Hong Kong shares fell 195 points or 0.7% to 26,160 in early deals on Tuesday, marking a second day of losses as most sectors retreated. Sentiment weakened after PBoC Governor Pan Gongsheng's Monday br...
The Hang Seng dropped 201 points or 0.8% to close at 26,344 on Monday, reversing a flat finish in the prior session as U.S. futures fell sharply ahead of Fed speeches and a key U.S. inflation report t...
The Hang Seng Index opened 85 points lower at 26,459 on Monday and extended its losses to 121 points, or 0.45%, reaching 26,423. The China Enterprises Index fell 41 points, or 0.44%, to 9,430, while t...
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 Jin...
European stocks were lower on Wednesday, with the STOXX 50 falling 0.2% and the STOXX 600 losing 0.3%, as investors remained cautious following remarks from Fed Chair Powell the previous day. Powell highlighted persistent risks in both the labor...
EUR/USD has pulled back to the 1.1800 area at the time of writing on Wednesday, from weekly highs near the 1.1820. The pair, however, remains looking for direction within a tight range, both sides of the 1.1800 level for the second consecutive day,...
The Nikkei 225 rose 0.3% to close at 45,630 while the Topix gained 0.23% to 3,170 on Wednesday, reversing losses from earlier in the session, with technology shares driving gains. Japanese equities also drew support from foreign inflows and...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision...
Reserve Bank of Australia (RBA) Governor Michele Bullock said that economic data since the August meeting has been slightly better than expected....
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks...
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing...