The Hang Seng Index rose for the second day, climbing 0.7%, or 168.48 to 24,994.14 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.8%. China Petroleum & Chemical Corp. had the largest increase, rising 5.5%. Today, 58 of 85 shares rose, while 24 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. Source : Bloomberg
The Hang Seng Index opened 0.1% lower, dropping 21.74 to 20,068.72, as stocks lose for the second straight day in Hong Kong. Meituan contributed the most to the index decline, decreasing 0.7%. Lenovo Group Ltd. had the largest drop, falling 3.0%. In early trading, 43 of 83 shares fell, while 35 rose; 2 of 4 sectors were lower, led by commerce and industry stocks. Source : Bloomberg
Japanese stocks fluctuate between gains and losses on the last trading session of the year in Tokyo as higher US yields supported banks, while a slump on Wall Street weighed on exporters. Topix rose 0.1% to 2,803.91 as of 9:30 a.m. Tokyo time Nikkei 225 declined 0.3% to 40,141.08 Mitsubishi UFJ Financial Group contributed the most to the Topix's gain, increasing 1.4%. Out of 2,124 stocks in the benchmark index, 1,231 rose and 730 fell, while 163 were unchanged. "US stocks are falling, led by technology stocks, due to profit-taking after the large annual gains and the...
Dow drops 500 points, Big Tech stocks drag Nasdaq down 2%Stocks declined on Friday, led by technology names, with the Dow Jones Industrial Average erasing earlier gains in the holiday-shortened week. The blue-chip Dow shed more than 500 points, falling for the first time in six sessions. The S&P 500 fell 1.6% with all 11 sectors in the red. The Nasdaq Composite slid 2.2% as Tesla dropped 5%, and Nvidia declined more than 3%. Amazon, Microsoft and Alphabet each fell at least 2%. With Friday's sell-off, the Dow turned negative on the week, while the tech-heavy Nasdaq sat near flat. The...
US stocks pulled back on Friday as markets assessed how the corporate sector will fare against a longer period of high interest rates and potential tariffs against the EU and China. The S&P 500 and the Dow were each 0.7% lower and the Nasdaq 100 lost nearly 1%, tracking another session of sharp selling for US Treasuries. The Magnificent 7 continued to trade in volatile fashion as Meta, Amazon, and Tesla lost between 2% and 0.7%. The view of a resilient US economy added to the fallout of hawkish projections by the FOMC as rate futures showed that a large portion of the market only sees...
The Hang Seng Index closed almost flat at 20,096 on Friday (12/27) after rising in the previous two sessions, with gains in the technology, property and consumer discretionary sectors offsetting losses in the financial sector. Traders digested a report that the World Bank raised its forecast for China's economic growth to 4.9% in 2024 and 4.5% in 2025 but warned of challenges such as weak demand, weak consumer sentiment and high local government debt. Meanwhile, the latest data showed that China's industrial profits fell 4.7% year-on-year in the first 11 months of this year, sharply higher...