Hong Kong's stock market ended higher Wednesday with the benchmark Hang Seng Index up 1.62 percent to close at 25,538.07 points. The Hang Seng China Enterprises Index rose 1.82 percent to end at 9,241.2 points, and the Hang Seng Tech Index rose 2.48 percent to end at 5,745.74 points. Source : CTX
US stocks hovered around the flatline on Friday (05/16), with volatility expected during the session as a large number of options expire. Despite the choppy trading, the three major indexes remained on track to post solid weekly gains. Market sentiment improved amid signs of easing trade tensions, as the U.S. and China agreed to temporarily ease tariffs. At the same time, a series of mostly weak economic data has reinforced expectations that the Fed has room to cut interest rates at least twice this year. Housing starts and building permits both came in below estimates, while export and...
The Hang Seng dropped 108 points or 0.5% to end at 23,345 on Friday, down for the second day amid broad-based losses across all sectors. Investors were unsure how policies would evolve when the 90-day trade war truce between Washington and Beijing ends in July. A climb in US futures failed to lift sentiment as traders were on edge ahead of China's key April data next week, including industrial output and retail sales. Meanwhile, the PBoC is set to review its benchmark lending rates, which have stayed at record lows in recent months as the economy faces domestic and external...
The STOXX 50 edged up 0.2% and the STOXX 600 gained 0.6% on Friday, with both indexes on track to close the week approximately 1.8% higher, potentially marking a fifth consecutive weekly advance. Investors continued to weigh the prospects of a de-escalation in the ongoing trade war while keeping a close eye on the Russia-Ukraine peace talks. On Friday, healthcare, telecommunications, and oil & gas sectors led the gains, while technology stocks lagged behind. Meanwhile, traders digested a fresh round of corporate earnings. Shares of Richemont surged around 4% after the luxury goods...
The Nikkei 225 ended almost flat at 37,754 while the broader Topix index edged up 0.05% to 2,741 on Friday, with Japanese shares struggling to gain traction as weak economic data weighed on sentiment. Investor caution prevailed after Japan's economy contracted 0.2% quarter-on-quarter in Q1, marking its first decline in a year and missing expectations for a 0.1% decline. The data reinforced concerns raised by the Bank of Japan earlier this week, which warned of a potential economic moderation due to U.S. trade policy pressures. The Japanese market also mirrored losses in U.S. technology...
Hong Kong stocks fell 214 points, or 0.9%, to 23,241 on Friday, posting a second straight session of losses amid declines across all sectors. Investors were cautious ahead of key Chinese April data due next week, including industrial production, retail sales and home prices. Meanwhile, the People's Bank of China is set to review its benchmark lending rate, which has remained at a record low in recent months to support the struggling economy. Alibaba Group Hlds. plunged 4.9% after reporting disappointing quarterly earnings. Other big losers included Kuaishou (-3.0%), Meituan (-2.7%),...