Hong Kong shares dropped 371 points, or 1.4%, to 25,258 Tuesday morning's session, extending steep losses from the previous day as all sectors retreated. Risk appetite was burdened by declines in mainland markets after weak November data showed fragile industrial output and retail turnover amid soft external demand and shaky domestic conditions. Local equities neared their lowest in a week, following a negative lead from Wall Street, where AI and tech weakness persisted. Losses were partly offset by domestic data showing Hong Kong's manufacturing output rose for a fourth straight quarter in...
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 446.28 points, or 1.8%, to 25,976.79, while the Hang Seng China Enterprises Index added 145.07 points, or 1.6%, to 9,079.35. Chinese leaders promised to implement a more active fiscal policy next year to support consumption and investment. The commitments were detailed in a Xinhua News Agency readout of the annual economic work conference, which defines policy priorities for the year...
Japan's Nikkei 225 index closed higher on Friday, buoyed by global market optimism after the Fed cut interest rates again and signaled a looser policy stance going forward. Falling US bond yields have boosted risk appetite, encouraging investors to invest more in stocks, including in the Japanese market. The weakening US dollar and the yen's slight weakening also helped sentiment, as Japanese exporter stocks still appear attractive to the market. Domestically, market participants remain cautious ahead of the Bank of Japan (BoJ) meeting on December 18-19, as speculation persists that the BoJ...
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, indicating improved buying sentiment among market participants. Market sentiment improved after President Xi Jinping stated at the Central Economic Work Conference that 2025 would be a "truly extraordinary year" and that key economic targets would be achieved. The Chinese government also reiterated its commitment to implementing more proactive and coordinated macroeconomic policies to stimulate...
Japanese stock indexes rose in recent trading, following Wall Street's recent record highs. This rise was supported by expectations that the Fed will maintain its loose monetary policy in the near term. The technology, metals, and electronics sectors led the gains, with SoftBank Group shares surging 4.9%, Sumitomo Metal Mining up 4.7%, and Hitachi Ltd. gaining 3.2%. In the foreign exchange market, USD/JPY traded around 155.58, slightly weakening from 156.09 at the close of trading in Tokyo on Thursday, reflecting slightly more positive sentiment towards the yen. Investors are also starting...
Asian stocks opened higher on Friday (December 12) morning after Wall Street and global equity indexes set new records. The MSCI Asia Stock Index rose about 0.5% early in the session, with the Japanese and Australian benchmarks gaining about 1%. Positive sentiment stemmed from the Fed's third consecutive interest rate cut, which encouraged investors to venture into riskier assets. Among leading stocks, SoftBank Group surged more than 5% after news that the company was considering potential acquisitions, including data center operator Switch Inc. In the US, the S&P 500 closed up 0.2% on...