The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713 points. Technology stocks faced downward pressure, with Kuaishou sliding by 1.57%, Alibaba dropping 1%, Tencent falling 0.9%, and Trip.com Group losing 0.39%. Xiaomi Group recorded a marginal decline of 0.09%, while Meituan remained unchanged. Financial stocks showed a mixed trend. AIA Group saw the largest drop, down 1.89%, followed by Ping An...
The S&P 500 edged up 0.2% on Wednesday, while the Nasdaq 100 gained 0.4% and appeared poised to surpass the all-time high set in the previous session. The Dow Jones on the other hand, hovered near the flatline. Traders continued to assess the economic and monetary policy outlook ahead of Fed Chair Powell's second day of testimony before Congress. His remarks on Tuesday were widely seen as dovish, reinforcing expectations for at least two interest rate cuts by year-end. Meanwhile, the apparent stability of the ceasefire between Iran and Israel also provided some support to market...
The Hang Seng jumped 298 points or 1.2% to close at 24,475 on Wednesday, rising for the fourth straight session and notching its highest level in over three months. The rally tracked strong gains on Wall Street, as the U.S.-brokered truce between Iran and Israel appeared to hold, with both nations signaling an end to their air strikes, at least for now. Meanwhile, Fed Chair Powell reiterated there's no need to rush rate cuts, though some analysts believe easing could come sooner if inflation remains contained. In China, Beijing unveiled new guidelines to boost consumption through financial...
European stocks edged higher on Wednesday as investors looked to a ceasefire between Israel and Iran as a sign of easing tensions. The pan-European STOXX 600 index (.STOXX), was up 0.2% at 542.12 points, as of 0704 GMT. Other major regional indexes were also trading higher, except for Spain's (.IBEX), which fell 0.3%. A truce brokered by U.S. President Donald Trump between Iran and Israel appeared to be holding on Wednesday, a day after both countries signaled that their air war was over, at least for now. Trump's Middle East envoy said late Tuesday that talks between the U.S. and Iran...
Japanese stocks rose after the close on Wednesday (6/25), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close of trading in Tokyo, the Nikkei 225 rose 0.40% to hit a fresh 3-month high. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 7.16% or 167.00 points to trade at 2,501.00 at the close. Meanwhile, Pacific Metals Co., Ltd. (TYO:5541) rose 4.08% or 66.00 points to close at 1,685.00 and SUMCO Corp. (TYO:5541) gained 4.08% or 66.00 points to close at 1,685.00. (TYO:3436) rose 3.93% or 41.50 points to close at...
Hong Kong shares rose 205 points, or 0.9%, to 24,385 in early trade on Wednesday (6/25), marking a fourth straight session of gains and maintaining a two-week high. The gains followed an overnight rally on Wall Street, which was driven by optimism that a US-brokered ceasefire between Israel and Iran would hold. Investors also cheered remarks by Fed Chairman Jerome Powell that the central bank is committed to containing inflation and will likely keep interest rates steady until the impact of tariffs becomes clearer. Sentiment was further supported by a third straight day of gains in mainland...