The Hang Seng Index fell 393 points, or 1.5%, to 25,217 on Tuesday (December 16), closing at a nearly four-week low and extending the previous session's sharp decline as mainland Chinese stocks slumped further and traders grew nervous ahead of key US economic data this week. Meanwhile, China's economy showed more signs of slowing in November, with disappointing industrial output and retail sales. Property stocks led the decline amid concerns of a prolonged downturn, particularly after China Vanke said it would hold a second bondholder meeting after failing to secure approval to extend a...
The Hang Seng Index fell 2.2% at 20,538.38 in Hong Kong. The move was the biggest since falling 3.7% on Oct. 15 and follows the previous session's increase of 2.1%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 4.1%. Shenzhou International Group Holdings Ltd. had the largest drop, falling 5.6%. Today, 76 of 82 shares fell, while 6 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
European stocks fell on Wednesday as global markets focused on the vote count after the US presidential election. The UK's FTSE 100 Index is expected to open 8 points lower at 8,167, Germany's DAX is down 65 points at 19,189, France's CAC is down 22 points at 7,383 and Italy's FTSE MIB is down 134 points at 34,098, according to data from IG. Global markets are focused on results emerging from key battleground states that are expected to determine the winner of the presidential election between former President Donald Trump and Vice President Kamala Harris. NBC News has projected winners...
The Nikkei 225 rose 1.3% to 39,000, while the broader Topix Index gained 0.9% to 2,690 on Wednesday, extending gains from the previous session and mirroring a rally on Wall Street. Investors are closely watching the US presidential election, with early results showing Donald Trump holding a strong lead with 95 electoral votes, while Kamala Harris has secured 35 so far. On the domestic front, a private survey revealed that sentiment among Japanese manufacturers weakened in November, driven by concerns over weak Chinese demand and ongoing inflationary pressures. Investors now await the Bank...
Hong Kong stocks fell, halting a three-day advance, as traders shunned riskier assets before a tight US presidential election race. Investors are concerned about the possible implications on global trade and financial markets. The Hang Seng Index dropped 1.4 per cent to 20,722.71 at 9.45am local time, after rallying 3.4 per cent since Friday. The Tech Index slipped 1.3 per cent. The CSI 300 Index of onshore stocks climbed 0.1 per cent to approach a three-week high, while the Shanghai Composite Index added 0.1 per cent. E-commerce platform operator Alibaba Group retreated 2.4 per cent to...
The Nikkei 225 Index climbed 1.3% toward 39,000, while the broader Topix Index rose 0.9% to 2,690 on Wednesday, extending gains from the previous session and mirroring the rally on Wall Street. Investors are closely monitoring the US presidential election, with early results showing Donald Trump holding a strong lead with 95 electoral votes, while Kamala Harris has secured 35 electoral votes so far. On the domestic front, a private survey revealed that sentiment among Japanese manufacturers weakened in November, driven by concerns over softening Chinese demand and ongoing inflationary...