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 Street Wednesday rattled sentiment, ahead of the U.S. PCE Index, the Fed's preferred inflation gauge.
Investors also turned cautious before China's National Day and mid-autumn holidays next week. Losses in property and financial shares weighed on the benchmark index, mirroring weakness in mainland stocks despite the central bank's action to conduct a CNY 600-billion one-year MLF operation to maintain liquidity.
Still, the downside was limited by signs of normalcy returning to Hong Kong after Super Typhoon Ragasa. Among major laggards were Lenovo Group (-4.0%), Want Want China (-3.3%), China Hongqiao Group (-3.1%), and Zhaojin Mining (-2.5%). On the upside, EV maker BYD gained 1.7% in Hong Kong after reporting strong European sales, surpassing U.S. rival Tesla for the second consecutive month.
Source: Trading Economics
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 rose 1.4% at 26,518.65 in Hong Kong. The move follows the previous session's decrease of 0.7%. Alibaba Group Holding Ltd. contributed the most to the index gain and had the larges...
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 ...
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 ex...
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 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 Street Wednesday rattled sentiment, ahead of the...
European stocks slipped into the red on Thursday, with both the STOXX 50 and STOXX 600 down 0.6%, following a subdued session the day before. Market sentiment turned cautious as traders weighed the monetary policy outlook—particularly from the...
Silver held steady around $43.99/oz during Thursday's European session. Support came from a slightly weaker US dollar and expectations that the Fed would continue to trend toward gradual easing if inflation (PCE) continues to cool and the job...
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...
The Federal Reserve's interest rate decision last week was not as "dovish" as it first seemed, analysts at Barclays have argued.
Along with a...
European stocks edged higher on Tuesday, with the STOXX 50 and STOXX 600 both up 0.1%, supported by a tech-led rally on Wall Street and optimism...
Asia-Pacific markets traded higher Tuesday, fueled by a tech rally on Wall Street after Nvidia announced a partnership with OpenAI, driving investor...