The Hang Seng closed almost flat at 24,911 on Wednesday after dipping slightly in morning deals. Traders digested comments from President Trump, who said the U.S. was close to a trade deal with China and that he would meet President Xi before year-end if an agreement is reached. Investors also looked ahead to key Chinese economic data, including trade figures on Thursday and inflation on Saturday, amid concerns over rising trade barriers and persistent deflation risks. At the same time, markets braced for a possible new U.S. tariff announcement targeting semiconductors and chips, expected...
Hong Kong stocks shed over 1% to close at 23,120 on Monday, extending losses for a second session amid broad sector declines. Sentiment remained weak as investors braced for US reciprocal tariffs set for Wednesday. Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month high. On the corporate front, CK Hutchison dropped more than 3% after Chinese state media condemned its port sale near the Panama Canal to BlackRock's group. Other notable laggards included Sands China (-5%), Lenovo (-3.5%), Xiaomi...
Stocks in Europe started the week in negative territory, with both the STOXX 50 and the STOXX 600 dropping around 1% to near two-month lows as concerns over the ongoing trade war continued to weigh on investor sentiment. New reciprocal tariffs on US imports are set to take effect on Wednesday, fuelling uncertainty regarding their scope and impact. Reports also indicate that President Trump has recently urged his advisors to adopt a more aggressive stance on tariffs. The basic resources sector saw sharp losses, hitting its lowest level since September, while banks, chemicals, and...
Japan's Nikkei 225 share average tumbled to its lowest point in more than six months on Monday. The benchmark plunged 4.05% to end the day at 35,617.56, its lowest since September. The worst-performing stocks on Monday include Renesas Electronics, which plunged 10.97%, Socionext Inc which lost 8.66% and Disco Corp which was down 8.35%. The broader Topix index fell 3.57% to 2,658.73. Source: CNBC
Hong Kong stocks fell 0.8% to 23,260 in early Monday trade, extending losses for a second session amid broad sector declines. Sentiment remained weak as investors braced for US reciprocal tariffs set for Wednesday. Meanwhile, an upbeat Chinese PMI failed to offer support despite data showing factory activity at a one-year high and service growth at a three-month high. On the corporate front, CK Hutchison dropped nearly 3% after Chinese state media condemned its port sale near the Panama Canal to BlackRock's group. Other notable laggards included Lenovo (-2.2%), Xiaomi (-2%), Tencent...
The Shanghai Composite fell 0.2% to below 3,345, while the Shenzhen Component dropped 0.9% to 10,510 on Monday, extending losses from the previous session as investors braced for new US tariffs set to take effect this week. Over the weekend, President Donald Trump stated he "couldn't care less" if foreign automakers raise prices in response to the tariffs, while The Wall Street Journal reported that he is pressuring advisors to take a more aggressive stance on trade policies. Meanwhile, data showed that China's manufacturing activity expanded at its fastest pace in a year in March, while...