The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
Most US stocks rose on Tuesday, with the S&P 500 up 0.4%, extending gains for a third session, the Dow Jones up nearly 130 points and the Nasdaq trading around the flatline. All sectors were in the green but energy and real estate outperformed. In the corporate sector, Nvidia shares rose 1.6%, following the CEO's announcement of new chips, software and services. On the other hand, Tesla fell nearly 0.7% after Bank of America downgraded the stock. Meanwhile, traders awaited the JOLTS report for additional insight into the performance of the labor market while continuing to evaluate...
European stocks fell on Tuesday, retreating after strong gains in the last session, as a decline in healthcare and financial stocks weighed while investors focused on key inflation data across the continent due later in the day. Europe's main index, the STOXX 600, was down 0.3% by 0810 GMT after rising to a more than two-week high on Monday following a report suggesting U.S. President-elect Donald Trump may opt for a less aggressive tariff strategy. Trump later denied the report, adding to the uncertainty. On the day, healthcare was among the biggest early losers, down 0.8% with index...
The Hang Seng tumbled 241 points or 1.2% to close at 19,448 on Tuesday, marking its second day of losses and nearing its lowest since the end of November. Declines were widespread across sectors, with the tech index down near 1% amid a steep 7.5% plunge in Tencent Hlds. after the US added the tech giant and battery maker CATL to a list of firms allegedly aiding China's military. Tencent issued a statement claiming its inclusion on the list was a clear mistake and that the listing would have no impact on its business. Meanwhile, CATL asserted that it does not engage in any military-related...
Hong Kong stocks plunged 113 points, or 0.6%, to 19,576 during the session on Tuesday (1/7), declining for a second day. The decline was driven mainly by the consumer and technology sectors, with Tencent Holdings plunging nearly 5% after being blacklisted by the U.S., along with CATL Co., over alleged ties to the Chinese military. The move comes just weeks before Donald Trump takes office. Limiting further losses, Wall Street posted back-to-back gains overnight, with the S&P 500 and Nasdaq gaining as technology stocks surged. Meanwhile, Reuters reported that Chinese authorities have...
The Nikkei 225 jumped 1.6% to surpass 39,900, while the broader Topix index gained 0.7% to reach 2,776 on Tuesday. The rally helped recover losses from the previous session, as Japanese markets took cues from a strong performance by Wall Street. Overnight, the S&P 500 and Nasdaq Composite surged, driven by solid gains in technology stocks following Foxconn's upbeat fourth-quarter results. A report suggesting the incoming Trump administration may adopt a less aggressive tariff policy also helped lift global market sentiment. In Japan, investors awaited local wage data this week, which...