The Hang Seng Index rose for the second day, climbing 0.7%, or 168.48 to 24,994.14 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.8%. China Petroleum & Chemical Corp. had the largest increase, rising 5.5%. Today, 58 of 85 shares rose, while 24 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. Source : Bloomberg
The Hang Seng Index opened 258 points higher, or 1.05%, reaching 24,757 points. The National Enterprises Index rose by 92 points, or 1.04%, to 8,945 points, while the Technology Index increased by 71 points, or 1.3%, to 5,520 points. Tech stocks performed strongly, with Tencent up by 1.5%, Alibaba rising by 2.4%, Meituan increasing by 1.8%, Xiaomi gaining 0.6%, and Kuaishou advancing by 1.7%. Automotive stocks surged, with BYD up by 1.2%, Geely rising by 1.4%, NIO soaring by 7.3%, Xiaopeng Motors gaining 1.1%, and Li Auto rising by 1%. Financial stocks also provided support to the market,...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Australia stock markets climb to record high Australia's S&P/ASX 200 climbed 0.58% to a record high of 8,689.4 during early trading hours. Year-to-date, the benchmark index as risen 6.62%, data from LSEG showed. Index heavyweights like mining giant BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech firm CSL is up over 1.7%. Asia markets open Friday trading in the green Asia...
The Nikkei 225 Index rose 0.3% to 40,034, while the broader Topix Index also climbed 0.3% to 2,847 during Friday morning trading, marking the second straight session of gains. The advance followed a rally on Wall Street on Thursday, supported by upbeat corporate earnings and strong US economic data. The Nikkei reached its highest level in over two weeks, as recent trade agreements between the US and both Vietnam and Indonesia continued to boost investor sentiment. Traders largely shrugged off a statement from US President Donald Trump, who reiterated his intention to impose a 25% tariff on...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats. The S&P 500 and Nasdaq 100 rose 0.5% and 0.8%, respectively both notching new record highs while the Dow Jones gained over 200 points, or 0.5%. Retail sales rebounded by 0.6% in June, beating expectations, and weekly jobless claims dropped to 221,000, the lowest level in three months, highlighting consumer resilience. United Airlines and PepsiCo led earnings-driven gains, with shares...
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting a series of new economic data from the US, which suggested the economy remains quite strong. This increase reflects market caution in responding to mixed sentiment, from economic strength to major corporate earnings reports. Released data showed that US retail sales rose 0.6% in June, well above market expectations of 0.1%. Meanwhile, jobless claims fell to 221,000, indicating a still-solid...