The Hang Seng Index rose 212 points, or 0.8%, to close at 25,317 on Friday (August 22nd), rebounding from the previous session's decline as mainland Chinese markets reached a decade-high on resurgent tech optimism. The Hang Seng Technology Index surged 2.7% after DeepSeek launched its upgraded AI V3 model on Thursday, boosted by domestic semiconductors as Beijing develops chip self-sufficiency. Consumer stocks also rose sharply on hopes of fresh stimulus from Beijing after signs of a slowdown in Chinese activity in July. Locally, Hong Kong's annual inflation fell to a four-year low of 1.0%...
Wall Street's main indexes opened flat on Friday, as investors expected the Federal Reserve to take a more cautious stance on interest rates after the latest batch of jobs data. The Dow Jones Industrial Average, rose 14.9 points, or 0.03%, at the open to 44762.57. The S&P 500, fell 0.4 points, or 0.01%, at the open to 6083.13, while the Nasdaq Composite, dropped 17.1 points, or 0.09%, to 19774.867 at the opening bell. Source : Reuters
Hong Kong's stock market ended higher on Friday with the benchmark Hang Seng Index up 1.16 percent to close at 21,133.54 points. The Hang Seng China Enterprises Index jumped 1.22 percent to end at 7,784.07 points, and the Hang Seng Tech Index climbed 1.8 percent to 5,150.35 points. Source : CTX
European stock markets traded subdued on Friday, stalling near record highs ahead of the highly anticipated monthly U.S. payrolls report. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was trading largely unchanged, while France's CAC 40 was down 0.1% and the U.K.'s FTSE 100 was down 0.1%. The pan-European STOXX 600 index closed at a record high on Thursday, helped by mostly strong corporate earnings. European stocks have performed at their best pace in a decade against Wall Street in the first six weeks of 2025, but doubts remain over whether the gains can be sustained given the euro...
Japanese stocks fell after the close on Friday (2/7), as losses in the Communications, Automobiles & Parts and Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.60%. The best performers on the Nikkei 225 were Mercari Inc (TYO:4385), which rose 20.98% or 400.00 points to trade at 2,307.00 at the close. Meanwhile, Subaru Corp (TYO:7270) gained 9.21% or 245.50 points to close at 2,910.00 and Nissan Motor Co., Ltd. (TYO:7201) gained 7.42% or 30.80 points to 445.90 in late trade. The worst performers on the session were Nikon Corp. (TYO:7731), which fell...
Asia-Pacific markets opened lower Friday as investors awaited India's interest rate decision, and assessed Japan's household spending data. Australia's S&P/ASX 200 slipped 0.12%. Japan's Nikkei 225 fell 0.34% and the Topix traded 0.32% lower. The country's household spending in December rose 2.7% year on year in real terms, sharply beat Reuters' expectations of a 0.2% rise. South Korea's Kospi shed 0.26%, while the small-cap Kosdaq fell 0.3%. Hong Kong's Hang Seng index futures were at 20,907, slightly higher than the HSI's last close of 20,891.62. The Reserve Bank of India is...