The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
Hang Seng Index opened sharply higher on 10th April , climbing by 545 points to reach 20,810. The index later rose by 561 points, or 2.77%, settling at 20,825. The Hang Seng China Enterprises Index advanced by 196 points, or 2.61%, to 7,732, while the Technology Index increased by 152 points, or 3.25%, to 4,841. The main board reported a trading volume of HK$46.2 billion. At 10.18am, the Hang Seng Index surged by over 800 points, rising by 868.04 points or 4.28%.Technology stocks led the rally, with Tencent rising 2.4%, Alibaba gaining 3.1%, Meituan up 2.1%, Xiaomi increasing by 4.1%, and...
US stocks surged on Wednesday after President Donald Trump announced a 90-day halt to many of his new tariffs, sparking a huge market rally. The S&P 500 surged 9.5%, its biggest gain in five years, the Dow Jones jumped 2,960 points, or 7.9%, its biggest gain since 2020, while the Nasdaq jumped 12.1%, its biggest one-day jump since 2001. The move extends the momentum of the administration's shifting economic policies, and will temporarily halt tariffs on major U.S. suppliers that were initially aggressively taxed, such as Vietnam and Cambodia. However, Trump has escalated his trade war...
European stocks closed sharply lower on Wednesday, with Tuesday's market recovery proving short-lived as U.S. country-specific tariffs kicked in. The pan-European Stoxx 600 ended the session down 3.5% at its lowest close since January 2024, with all sectors and major bourses in negative territory. Regional health care and oil and gas indexes were among the biggest losers, dropping 5.9% and 5%, respectively. Europe's main indexes extended losses after China announced it would impose retaliatory tariffs of 84% on U.S. imports from April 10, up from 34%, and the European Union agreed to a...
The S&P 500 inched higher Wednesday, as traders looked for a market bottom after days of volatility, even as China and the European Union announced retaliatory tariffs on U.S. goods in the latest escalation of global trade tensions. The S&P 500 added 0.7%, while the Nasdaq Composite climbed 1.5%. The Dow Jones Industrial Average inched up 182 points, or 0.5%. China announced it will impose an 84% levy on U.S. goods starting Thursday. This comes after U.S. tariffs of 104% on Chinese imports took effect shortly after midnight. The EU also approved its first set of tariffs on the U.S....
The Hang Seng rose 137 points or 0.7% to close at 20,264 on Wednesday, snapping a two-day losing streak. The rebound came after early-session losses, driven by gains in tech, consumers, and property. Sentiment improved following Premier Li Qiang's remarks that Beijing is "fully capable of hedging against adverse external influences," including the newly imposed 104% U.S. import tariffs. A rally in mainland stocks also lifted the mood, as state-owned firms stepped in to support markets. Top Chinese brokerages pledged to stabilize share prices, and some listed companies launched stock buyback...