The Hang Seng climbed 233 points, or 0.9%, to close at 26,855 on Tuesday, reversing early losses to hit a two-week high on broad-based gains. The index jumped 7% in September, its fifth straight monthly advance, and posted a third quarterly gain of 11.6%, fueled by AI optimism, strong inflows, and bets of fresh policy support from Beijing ahead of the October plenum. Still, upside was capped by U.S. political uncertainty, with Vice President Vance warning the government was "headed to a shutdown" amid stalled budget talks. Profit-taking also weighed as traders braced for China's week-long...
The Hang Seng Index rose 1.4% at 26,518.65 in Hong Kong. The move follows the previous session's decrease of 0.7%. Alibaba Group Holding Ltd. contributed the most to the index gain and had the largest move, increasing 9.2%. Today, 49 of 88 shares rose, while 36 fell; 2 of 4 sectors were higher, led by commerce and industry stocks. Source: Bloomberg
European stocks were lower on Wednesday, with the STOXX 50 falling 0.2% and the STOXX 600 losing 0.3%, as investors remained cautious following remarks from Fed Chair Powell the previous day. Powell highlighted persistent risks in both the labor market and inflation, while also noting that equity prices appear relatively high. Geopolitical tensions also stayed in focus, with US President Trump escalating his rhetoric against Russia. "I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form", Trump posted on social...
The Nikkei 225 rose 0.3% to close at 45,630 while the Topix gained 0.23% to 3,170 on Wednesday, reversing losses from earlier in the session, with technology shares driving gains. Japanese equities also drew support from foreign inflows and sustained global optimism around artificial intelligence. On the data front, September PMI figures showed manufacturing remained in contraction despite forecasts for growth, while services expanded at a slower pace. Investors now await Tokyo inflation data and the Bank of Japan's July meeting minutes for policy clues. Meanwhile, US markets retreated...
Stocks in Hong Kong edged up 27 points, or 0.1%, to 26,186 in Wednesday morning trade, trying to reverse losses from the prior two sessions as most sectors advanced. Bargain hunting, particularly in property stocks, helped lift the market from its near two-week low. Investors were also encouraged by modest gains in China's markets after a drop in the previous session, following a press briefing by top financial regulators, including the PBoC governor, that offered no new support measures. However, overnight losses on Wall Street limited gains after remarks from Federal Reserve Chair Jerome...
Japanese indexes corrected on Wednesday, with the Nikkei 225 down 0.1% to ±45,450 and the Topix down 0.5% to 3,147, erasing the previous session's gains. Pressure came from Wall Street, which retreated from record highs after Fed Chairman Jerome Powell highlighted overpriced valuations and uncertainty about the direction of interest rate cuts amid a complex policy environment.Sentiment was also weighed down by doubts about the sustainability of the AI-driven rally that has been driving major US technology stocks. Investors in Japan tended to reduce risk ahead of the next round of global data...