Hong Kong stocks rebounded strongly in the morning session on Monday (November 24th), rising 266 points or 1% to 25,478 after six consecutive days of declines. This increase occurred as investors began buying low-priced stocks, particularly in the property, financial, and technology sectors. Sentiment was also boosted by strengthening US index futures, after New York Fed President John Williams signaled that interest rates could be cut again this year due to the weakening labor market. Furthermore, Premier Li Qiang's comments on China's critical minerals policy, emphasizing a balance between security and cooperation, also boosted market confidence.
Nevertheless, investors remained cautious ahead of key data releases, such as Chinese industrial profits later this week and Hong Kong's October trade data due out on Tuesday. Several stocks were early movers, including pharmaceutical companies Innovent Biologics, Hansoh Pharma, and Akeso Inc. CK Hutchison, Kuaishou, and Xiaomi also rallied as risk appetite recovered in regional markets. (az)
Source: Newsmaker.id
The Hang Seng Index plunged 615 points, or 2.4%, to close at 25,220 on Friday (November 21), extending last week's decline and marking its lowest level in five weeks. The decline occurred broadly amid...
The Hong Kong stock market opened lower in the morning session, with the benchmark Hang Seng Index falling 375 points, or 1.45%, to 25,460. Selling pressure was felt across the entire market. The Hang...
The Hang Seng closed almost flat at 25,835 on Thursday (November 20), reversing morning gains after four consecutive sessions of losses. Strength in the financial sector helped offset declines in tech...
Hong Kong's equity markets commenced Wednesday's trading session in positive territory, with the benchmark Hang Seng Index rising by 169 points, or 0.65%, to reach 25,999. The rally was broad-based, w...
The Hang Seng Index fell 99 points, or 0.4%, to close at 25,831 on Wednesday (November 19), extending its decline for a fourth session and holding at its lowest level in two weeks. Sentiment remained ...
US stocks rallied at the start of the holiday-shortened week, with the S&P 500 rising 1.6%, the Nasdaq surging 2.6%, and the Dow Jones Industrial Average rising more than 300 points as investors grew more confident that the Fed would soon ease...
Oil prices rose about 1% on Monday as rising bets on US interest rates in December offset the prospect of a peace deal in Ukraine that could lead to the easing of sanctions on Russian oil. Brent crude futures rose 78 cents, or 1.3%, to $63.34 a...
Gold prices rose near $4,120 per ounce on Monday (October 24th) after a modest weekly decline as investors awaited US retail sales and PPI data due on Tuesday and weekly jobless claims on Wednesday. Comments from New York Fed President John...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still...
Chinese President Xi Jinping pressed U.S. President Donald Trump on the status of the self-governing island of Taiwan and urged his counterpart to...