Hong Kong stocks rose 98 points, or 0.4%, to 24,607 in early trading on Monday, ending a four-day losing streak amid gains led by the property and technology sectors. Sentiment improved after China's top leaders pledged to support the economy and tackle "irregular competition" at last week's Politburo meeting. Beijing also confirmed plans to hold its fourth plenary session in October, which will likely focus on the next five-year plan. A modest rebound in US stock futures added support, following Wall Street's sharp decline on Friday due to weak employment data. On tariffs, US Treasury...
The Hang Seng Index plunged 307 points, or 1.3%, to close at 23,034 on Tuesday (25/2), marking its second straight decline. The selloff came as the Trump administration pushed for tighter U.S. chip restrictions and urged key allies to tighten curbs on China's semiconductor industry. The decline also followed a sharp drop in U.S.-listed Chinese stocks overnight, with the Nasdaq Golden Dragon China Index plunging 5.2%, its worst one-day loss since October, amid profit-taking after strong earnings and AI-driven optimism. Investors are cautious ahead of China's official February PMI data due...
European stocks are expected to open in mixed territory Tuesday as a lukewarm mood pervades global markets. The U.K.'s FTSE 100 index is expected to open unchanged at 8,637, Germany's DAX down 29 points at 22,381, France's CAC 2 points lower at 8,084 and Italy's FTSE MIB 27 points higher at 38,542, according to data from IG. Earnings come from Fresenius Medical Care, Smith & Nephew, Heidelberg Materials and Alcon. On the data front, a more complete picture of Germany's fourth-quarter gross domestic product data will be released on Tuesday.European stocks traded in mixed territory at...
Asia-Pacific markets traded lower Tuesday after Wall Street fell overnight as Trump tariffs stoke a risk-off mood, while investors assesed Bank of Korea's rate decision. Australia's S&P/ASX 200 fell 0.87%.Japan's Nikkei 225 declined 1.34%, while the Topix slipped 0.72%. South Korea's Kospi traded 0.5% lower while the small-cap Kosdaq fell 0.44%. South Korea's central bank expectedly cut rates to 2.75% from 3%, as it strives to stimulate a slowing economy. The Korean won is currently trading atSouth Korea has been facing political uncertainty, stemming from the impeachment proceedings...
(Hong Kong) The Hang Seng Index opened down 625 points, or 2.67%, reaching 22,716 points. The Hang Seng China Enterprises Index fell 239 points, or 2.77%, to 8,379 points, while the Technology Index declined by 249 points, or 4.3%, to settle at 5,540 points. Technology stocks faced significant selling pressure, with Tencent down 3.9%, Alibaba plunging 7.8%, Meituan falling by 3.9%, Xiaomi Group down 3.4%, JD.com declining 5%, and Kuaishou dropping 5.2%. Following its earnings report, Trip.com saw a decrease of 3.2%. The financial sector also experienced a downward trend, though HSBC...
The Nikkei 225 Index fell 1.4% to below 38,300, while the broader Topix Index dropped 0.7% to 2,717 on Tuesday, marking a five-week low as Japanese stocks tracked losses on Wall Street overnight. The downturn was fueled by a pullback in technology and artificial intelligence stocks, sparking concerns that the AI-driven rally may be losing momentum. However, some analysts believe the AI sector could continue to thrive for years to come. Meanwhile, traders in Japan are awaiting a series of economic reports set for Friday, which may offer fresh insights into the Bank of Japan's future...