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 four-week low the day before, lifting most sectors, particularly consumer and tech names. Meanwhile, mainland markets stabilized after closing sharply lower Tuesday, weighed earlier by renewed concerns over a prolonged property sector downturn and weak activity data in November.
On the corporate front, China Vanke will hold a second meeting with bondholders starting Thursday, with voting scheduled on December 22, after its first attempt to extend debt repayment was rejected. However, gains in Hong Kong were capped as the city's jobless rate remained near a three-year high of 3.8% in the three months to November. Meanwhile, U.S. futures edged lower due to labor market softness. Nongfu Spring jumped 1.7%, followed by CK Infrastructure (1.5%), Trip.com (1.2%), and China Resources Land (0.9%).(asd)
Source: Trading Economics
The Hang Seng Index rose 192 points, or 0.75%, to end at 25,690 on Friday, extending its gains for a third session as all major sectors advanced. Sentiment was boosted by continued gains in mainland C...
Hong Kong stocks rose 150 points, or 0.6%, to 25,649 in early trading on Friday, maintaining gains for the third straight session amid broad-based strength across sectors. Sentiment was lifted by a st...
The Hang Seng Index rose 29 points, or 0.1%, to close at 25,498 on Thursday (December 18), reversing early losses, led by gains primarily from the financial sector. Sentiment improved as mainland Chin...
Hong Kong stocks fell 53 points, or 0.2%, to 25,416 in Thursday morning trading, reversing the previous session's gains after Wall Street closed significantly lower overnight due to lingering concerns...
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded f...
Oil prices are headed for a second weekly decline as concerns over a growing oversupply outweigh geopolitical risks to supply. Brent crude edged up to $60 a barrel on Friday but is still down about 2% for the week, while West Texas Intermediate is...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end...
Gold prices fell slightly on Friday (December 19), pressured by a stronger dollar and year-end investor positioning, but are poised to end the week higher as weaker US inflation data raised speculation of an interest rate cut. Spot gold prices...
Fed Governor Christopher Waller said Wednesday that the Fed is in no rush to cut interest rates, given the current outlook, according to...
The Bank of Japan (BOJ) is expected to raise interest rates on Friday to a three-decade high, from 0.5% to 0.75%, signaling readiness for further...
European stocks closed lower on Tuesday, with the STOXX 50 down 0.5% and the broader STOXX 600 slipping 0.4%, as optimism around Russia–Ukraine...
Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday...