The Hang Seng edged down to finish at 25,530 on Thursday, reversing early gains amid declines in tech and consumer stocks.
Sentiment weakened as Chinese markets fell for a third consecutive session after Mexico approved a new tariff package, many from China, with rates of up to 50% starting January 1, 2026. The levies target hundreds of products such as metals, vehicles, clothing, and appliances.
At the same time, concerns grew that Beijing might delay stronger property stimulus after the December Politburo meeting made no mention of urbanization, with analysts expecting any major steps only in H2 2026. Traders also awaited China's November credit figures after new yuan loans slumped in October, highlighting still-weak consumer demand.
Investors in Hong Kong were also cautiously watching the upcoming Q3 industrial output and November jobless data. Major laggards included SMIC (-2.7%), Tencent Music Ent. (-2.6%), Sands China (-2.3%), China Hongqiao (-2.0%), and China Unicom (-1.2%).
Source: Tradingeconomics.com
Hong Kong equities advanced on Friday as investors welcomed fresh policy signals from China's Central Economic Work Conference aimed at strengthening the domestic economy. The Hang Seng Index gained ...
Hong Kong stocks rose around 272 points, or 1.1%, to 25,806 at the start of trading on Friday, after a slight correction in the previous session. This increase occurred across nearly all sectors, indi...
Hong Kong stocks rose around 201 points (0.8%) to 25,733 in Thursday's morning session, extending their gains for a second day. This rise was driven by positive sentiment from Wall Street after the Fe...
The Hang Seng rose 106 points or 0.4% to close at 25,541 on Wednesday, rebounding from morning losses and closing in the green for the first time in three sessions as most sectors gained. Sentiment i...
Hong Kong's Hang Seng Index weakened again for the third consecutive day on Wednesday, falling 0.5% to 25,382.56 in the morning session. Sentiment was weighed down by investor concerns as they awaited...
The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the...
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353 as traders digest comments from Federal Reserve (Fed) officials. Bullion...
US stocks closed sharply lower on Friday as a Broadcom-led rout among the largest tech weights sparked a rotation into cyclicals and defensive names. The S&P 500 fell 1% and the Dow gave back 0.4% after touching record highs, while the Nasdaq...
The Federal Reserve on Wednesday said that it would start buying short-dated government bonds to help manage market liquidity levels to ensure the...
Asia-Pacific markets opened higher on Thursday morning after the Federal Reserve delivered its third interest rate cut this year. The Fed cut the...
European equities edged lower on Wednesday as investors adopted a cautious stance ahead of the Federal Reserve's policy decision, limiting risk...
Both the STOXX 50 and the STOXX 600 slipped 0.2% on Thursday, marking a third straight session of losses for the former.
Weak sales and profit...