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...
European markets traded flat to down on Friday amid concerns about the UK debt market, with attention now turning to US jobs data that could provide clues on the Fed's interest rate path The Stoxx 50 fell 0.1% and the Stoxx 600 was flat. Ubisoft shares fell more than 8% after it announced a review of its strategic options following speculation about a potential buyout. Investors also monitored a surge in UK bond yields, with the 30-year yield hitting a level not seen since the late 1990s and the 10-year yield hitting its highest since the 2008 financial crisis, reflecting growing concerns...
The Hang Seng fell 177 points, or 0.9%, to close at 19,064 on Friday, down for a fifth straight session and hitting its lowest in more than six weeks as sectors broadly lost ground. Nervous traders reacted to the People's Bank of China's decision to halt purchases of government bonds that sent yields soaring. Investors are cautiously awaiting China's December trade data, due later in the week. Exports grew less than expected in November, while imports unexpectedly shrank. Meanwhile, U.S. futures pointed to a weaker open on Wall Street, with traders preparing for the NFP data later in the...
Japanese stocks fell after the close on Friday, as losses in the Shipping, Electric Power and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.04%. The best performers of the session on the Nikkei 225 were Advantest Corp. (TYO:6857), which rose 5.12% or 506.00 points to trade at 10,380.00 at the close. Meanwhile, Seven & i Holdings Co., Ltd. (TYO:3382) rose 4.86% or 115.50 points to close at 2,490.00 and Furukawa Electric Co., Ltd. (TYO:5801) gained 3.48% or 244.00 points to 7,259.00 in late trade. The worst performers on the session were Mitsui...
The Nikkei 225 Index fell 0.9% to below 39,300 while the broader Topix INdex lost 0.6% to 2,720 on Friday, with both benchmarks sliding for the third straight session and heading toward their second straight weekly drop. Investor sentiment turned cautious ahead of the US jobs report, which could influence the Federal Reserve's monetary policy outlook for the year. Global stocks also faced pressure on Thursday after the release of the latest Fed minutes, which pointed to a potential slowdown in the pace of policy easing due to ongoing concerns over inflation. Domestically, Japan's real...
Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan. Real household spending in Japan fell 0.4% year on year in November, a softer fall compared to the 0.6% decline expected by a Reuters poll of economists. The fall was also less than the 1.3% decline seen in October. The average real income per household stood at 514,409 yen ($3,252.98) in November, up 0.7% from the previous yearJapan's Nikkei 225 fell 0.41% on its open, with the broad based Topix seeing a smaller loss of 0.27%.South Korea's Kospi was the only outlier,...