The Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
Asia-Pacific markets were set to fall Monday, after Wall Street logged its worst session of the year last Friday on lackluster U.S. economic data that pointed to a slowing economy and sticky inflation.Australia's S&P/ASX 200 extended losses to a sixth straight session, opening 0.81% lower.Futures for Hong Kong's Hang Seng index last traded at 23,397, pointing to a weaker open compared to the HSI's Friday close of 23,477.92.Japanese markets are closed for a public holiday.Singapore is slated to release its inflation numbers for January later in the day. A Reuters' poll forecasts the...
Stocks sold off on Friday as fresh U.S. data fueled investor concerns about a slowing economy and high inflation, sending them seeking safer assets. The losses deepened as traders worried about a weekend that could bring another barrage of headlines from the Trump administration, which has proposed a series of tariffs and other market-moving policy changes since taking office a month ago. The Dow Jones Industrial Average fell 724 points, or 1.6%, bringing its two-day loss to more than 1,200 points. Friday's loss was its biggest of the year. The S&P 500 traded 1.6% lower, falling for a...
European stocks closed slightly higher on Friday, paring losses from record highs earlier in the week as markets digested the latest PMI data and a slew of corporate earnings, while preparing for Germany's general election over the weekend. The STOXX 50 gained 0.3% and the STOXX 600 gained 0.5%. Private sector activity in the euro zone remained in slight expansion as strength in service providers offset another period of contraction for manufacturers. On the political front, the center-right CDU led the latest polls and the incumbent center-left SPD dropped to third place. Air Liquide jumped...
US stocks fluctuated on Friday, with the S&P 500 and Nasdaq hovering near the flatline, while the Dow Jones dropped around 280 points. The health and energy sectors were among the biggest laggards. Shares of UnitedHealth plunged almost 10% after The Wall Street Journal reported that the Justice Department has launched an investigation into the company's Medicare billing practices in recent months, citing sources familiar with the matter. On the other hand, communication services outperformed. Also, AI-related stocks traded higher, including Nvidia (0.6%), boosted by strong earnings...
European stock markets were trading higher on Friday morning after a sell-off on Wall Street as earnings remain in focus for investors. The regional Stoxx 600 was up by 0.3%, the U.K.'s FTSE 100 and Germany's DAX were marginally higher by 0.1% at 8:10 a.m. London time. Meanwhile, France's CAC 40 was up 0.4% and Italy's MIB rose by 0.3%. European firms Kingspan Group, Air Liquide, Sika AG and others reported their fourth-quarter earnings. Standard Chartered for instance beat market expectations, and is now trading up by nearly 5%. Source: CNBC