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
The Bank au Jibun Flash Japan Composite PMI was revised up to 50.1 in November 2024 from 49.8 in the preliminary estimate, and after 49.6 in the previous month, signaling broad stabilization in the country's private sector. The latest reading was supported by a marginal expansion in services business activity while manufacturing output shrank further into contraction territory. Employment growth hit a four-month high, accompanied by a remarkable increase in business for the first time since April. Cost pressures remained high due to rising raw material prices and a weak yen. However,...
South Korean stocks opened lower on Wednesday, after a day of political turmoil in South Korea that saw President Yoon Suk Yeol impose and then lift a martial law decree within hours. South Korea's Kospi fell 1.8% while the Kosdaq dropped 1.7%. Amid concerns about financial instability, a Bank of Korea official reportedly said the bank's monetary policy board will hold an extraordinary board meeting around 9 a.m. KST. The South Korean government has announced it will inject unlimited liquidity into financial markets for as long as needed in an effort to calm sentiment, according to...
The S&P 500 edged to a new record close on Tuesday, and the Nasdaq 100 gained 0.4%, building on Monday's record finish. Meanwhile, the Dow slipped 76 points as investors awaited fresh market catalysts. Investors digested stronger-than-expected October JOLTS data, with job openings rising by 372,000 to 7.74 million, while the quits rate increased to 2.1%, signaling worker confidence. Markets now see a 74% chance of a Fed rate cut on December 18, up from 62% a day earlier. In corporate news, US Steel Corporation shares fell 8% after President-elect Donald Trump pledged to block its $15...
Stocks slipped Tuesday, taking a breather following a major rally that has taken U.S. benchmarks to record levels. The S&P 500 slid 0.1%, while the Nasdaq Composite slipped slightly below the flatline. The Dow Jones Industrial Average fell 65 points, or 0.2%. Both the S&P 500 and Nasdaq hit new record highs on Monday, adding to their strong postelection gains. Since the Nov. 5 vote, the S&P 500 has climbed 4.6%, and the Nasdaq has rallied 5.2%. The Dow is up 6% since then, and is trading near the key 45,000 level. Economic data released on Tuesday morning showed that job...
European stocks rose on Tuesday, with the Stoxx 50 and Stoxx 600 climbing 0.5% and 0.6%, respectively, to reach a one-month high, driven by a 1.6% rise in retail stocks and over 1% gains in construction and materials. However, insurance stocks fell by 0.4%. In France, political tensions are high as Prime Minister Michel Barnier used special constitutional powers to pass a controversial budget, prompting opposition parties to push for a no-confidence vote that could happen Wednesday. Despite this, France's CAC 40 closed 0.3% higher, trimming earlier gains, while Germany's DAX crossed the...