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...
US stock futures rose slightly on Tuesday (1/7), continuing momentum from strong performances by the S&P 500 and Nasdaq Composite on Monday, which posted a second straight day of gains. driven by a surge in technology stocks. In Monday's regular session, the S&P 500 rose 0.55%, and the Nasdaq gained 1.24%, while the Dow fell 0.06%. The rally was largely driven by a surge in semiconductor stocks after Foxconn reported record revenue and a positive outlook. Nvidia shares jumped 3.4%, hitting a record close, while Micron Technology jumped 10.5%. In other news, Disney revealed plans to...
Asia-Pacific markets were set for gains on Tuesday, following a tech rally on Wall Street that saw the S&P 500 and Nasdaq Composite post back-to-back gains. Global semiconductor stocks, including heavyweight Nvidia, rose after contract electronics giant Foxconn reported record-breaking fourth-quarter earnings. Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company rose to a record high in the session, and may have more room to rise as overnight tech optimism spills over. Japan's Nikkei 225 was set for a rebound after leading losses in Asia, with futures in Chicago at 39,870...
The S&P 500 and the Nasdaq Composite rose on Monday, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected. According to preliminary data, the S&P 500 (.SPX), gained 32.96 points, or 0.56%, to end at 5,975.98 points, while the Nasdaq Composite(.IXIC), gained 243.30 points, or 1.24%, to 19,864.98. The Dow Jones Industrial Average (.DJI), fell 22.40 points, or 0.05%, to 42,709.73. Most of the 11 S&P 500 sectors ended lower, but communication services (.SPLRCL), and...
European markets closed higher on Monday afternoon, having fallen from earlier highs after U.S. President-elect Donald Trump dismissed a media report that his tariff plan may not be as extreme as feared. The regional Stoxx 600 index ended up 0.94%, as the autos sector lost some momentum, closing 3% higher from an earlier gain of nearly 5%. The Washington Post on Monday reported that Trump's team is considering a plan to impose tariffs on all countries, but only on "critical imports." What might be covered was not specified in the story, but Germany's Daimler Truck and Italian-American...
Stocks rose on Monday, recovering from last week's losses as chipmakers surged. The Dow Jones Industrial Average traded 79 points higher, or 0.2%. The S&P 500 gained 0.8%, and the Nasdaq Composite gained 1.3%. Chip stocks led the gains after Foxconn reported record fourth-quarter revenue. Nvidia and Broadcom rose more than 3.2% and 2.9%, respectively, while Micron Technology gained 9%. Market sentiment was also helped Monday by a Washington Post report that said President-elect Donald Trump's tariff plan would be narrower than anticipated. The report said the levies would only cover...