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 China's stock market amid reports that ByteDance had reached an agreement with three major investors to form a joint venture to operate the TikTok app in the US, aiming to avoid a potential ban. Hopes for fresh stimulus from Beijing before the end of the year also supported the market, while traders awaited the upcoming People's Bank of China (PBOC) interest rate decision. Man Wah Holdings...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment, sparking a cross-asset rally from commodities to cryptocurrencies. Shares in Japan, South Korea and Australia all rose at the open. The S&P 500 rose 1.5% on Monday and the Nasdaq 100 added 2.2%. The MSCI All Country World Index had its best day since late June and a Bloomberg gauge of commodity prices rose to the highest level since August 2022. An index of the dollar weakened on Monday,...
Japanese stocks are higher thanks to the yen's recent weakening and hopes for stronger domestic earnings. Tech and electronics stocks are leading the gains. SoftBank Group is up 3.0% and Lasertec is 1.8% higher. USD/JPY is at 154.16, compared with 153.96 as of Monday's Tokyo stock market close. Investors are closely watching quarterly corporate results. Sony Group and Kawasaki Heavy Industries are set to release their earnings later Tuesday. The Nikkei Stock Average is up 0.8% at 51336.61. Source: Dow Jones Newswires
US stocks started the week strongly, with the S&P 500 rising 1.6%, the Nasdaq gaining 2.4%, and the Dow Jones Industrial Average rising about 415 points after the Senate approved a procedural move that brings a funding bill to reopen the government and end the 40-day shutdown one step closer to passage. Eight Democrats dissented from the House leadership in support of the motion, but the bill still needs a vote in the House. Artificial intelligence-related technology stocks led the rally, with Nvidia (5.8%), Palantir (8.8%), AMD (4.5%), and Micron (6.5%) among the biggest gainers as...
European stocks rallied on Monday (November 10th), rebounding from a three-week low hit on Friday, as investors welcomed early signs that the historic US government shutdown was nearing an end and as fears of a tech bubble ebbed last week. The STOXX 50 jumped 1.8% to 5,670 points, while the broader STOXX 600 gained 1.5% to 573 points, after US House Speaker Mike Johnson said the House of Representatives should vote "as soon as possible" following Sunday's narrow Senate approval of the first phase of a bill to end the government shutdown. Optimism was further bolstered by a wave of upbeat...
Wall Street's main indexes opened higher on Monday, with risk sentiment aided by signs of progress in Washington to end a record U.S. government shutdown that has stalled economic data releases and intensified concerns over the state of the economy. The Dow Jones Industrial Average rose 108.0 points, or 0.23%, at the open to 47,095.06. The S&P 500 rose 56.6 points, or 0.84%, at the open to 6,785.36, while the Nasdaq Composite rose 350.3 points, or 1.52%, to 23,354.853 at the opening bell. Source : Reuters