The Hang Seng Index plunged 376 points, or 1.4%, to close at 25,907 on Friday, marking its third consecutive session of decline amid widespread declines across sectors. Market sentiment weakened after China's official PMI showed manufacturing activity contracted at its fastest pace in six months in October, while service sector growth remained weak.
Meanwhile, the temporary US-China trade truce failed to boost confidence, with investors viewing it as a short-term respite rather than a meaningful breakthrough. Further pressure came after US Federal Reserve Chairman Powell signaled that a December interest rate cut was not guaranteed, citing limited data due to the ongoing US government shutdown.
Technology stocks led the decline, with SMIC (-5.4%), Tencent Holdings (-2.9%), and Kuaishou Tech (-2.7%) declining as investors unwound positions in Chinese semiconductor companies that have surged on AI and import substitution trends. The benchmark index fell nearly 1% for the week and 3.5% for October, ending a five-month winning streak. (alg)
Source: Trading Economics
Equities in Hong Kong rose 104 points, or 0.4%, to 25,341 in early trade on Wednesday, rebounding from steep losses in the previous two sessions. Bargain hunting emerged after markets slid to a near f...
The Hang Seng Index fell 393 points, or 1.5%, to 25,217 on Tuesday (December 16), closing at a nearly four-week low and extending the previous session's sharp decline as mainland Chinese stocks slumpe...
Hong Kong shares dropped 371 points, or 1.4%, to 25,258 Tuesday morning's session, extending steep losses from the previous day as all sectors retreated. Risk appetite was burdened by declines in main...
The Hang Seng Index is expected to open lower on Monday, December 15, 2025, after previously closing slightly above 25,975. This lower opening projection comes amid sluggish global sentiment, after Wa...
The Hong Kong Stock Exchange opened lower on Monday, with the Hang Seng briefly dropping to 25,698 before recovering slightly to trade around 25,771 (down 0.79%). Pressure was also seen in the China E...
The Japanese yen weakened slightly during the Asian session on Wednesday, as investors remained cautious while awaiting the Bank of Japan (BoJ) policy update. Market focus now turns to the two-day BoJ meeting next Friday, which is expected to...
Brent oil prices stabilized below US$59 per barrel after several days of sharp declines. Market concerns about a global supply glut, driven by the return of production from OPEC+ and other producers, prevented prices from recovering despite...
Silver prices moved within a limited range as investors weighed weak US employment data, which was not enough to fuel expectations of an imminent interest rate cut. The Federal Reserve's cautious stance has kept buying interest in silver from...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...
Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic...
Asian markets opened lower in the last full trading week of 2025, fueled by concerns about the prospects for tech company profits and growing AI...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10%...