The Hang Seng Index rose for the third day, climbing 1.6%, or 431.56 to 27,287.12 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.5%. Semiconductor Manufacturing International Corp. had the largest increase, rising 12.7%. Today, 60 of 88 shares rose, while 25 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. Source: Bloomberg.com
Japanese stocks open on a firm note as investors are upbeat about domestic earnings expectations and solid US consumer data, with rapidly easing concerns about tariffs also aiding sentiment. The Topix Index rose 0.1% to 3,124.34 as of 9:06 a.m. Tokyo time The Nikkei advanced 0.3% to 43,844.57 Toyota Motor Corp. contributed the most to the Topix Index gain, rising 1.2%. Out of 1,679 stocks in the index, 793 rose and 743 fell, while 143 were unchanged. Hideyuki Ishiguro, chief strategist at Nomura Asset Management, said earnings estimates for the next 12 months in both...
The S&P 500 ended slightly lower Monday, as investors digested a meeting between Ukraine President Volodymyr Zelensky and U.S. President Donald Trump in Washington and looked ahead to the upcoming Jackson Hole Symposium. The Dow Jones Industrial Average fell 33 points, or 0.1%, the S&P 500 index slipped 0.02%, while the NASDAQ Composite added 0.03%. The main Wall Street indices notched their second straight positive week last week, with the blue-chip Dow Jones Industrial Average joined the benchmark S&P 500 and tech-heavy Nasdaq Composite in reaching a new all-time peak during...
European stocks had a mixed session on Monday as traders monitored corporate updates and a meeting between regional leaders and U.S. President Donald Trump to discuss Ukraine. The pan-European Stoxx 600 index provisionally closed fractionally above the flatline. Health-care stocks led gains, up 1.4%, as Novo Nordisk shares climbed 6.6%.The Danish pharmaceutical giant's blockbuster weight-loss drug Wegovy won regulatory approval in the United States to treat a serious liver disease. European leaders, including German Chancellor Friedrich Merz, French President Emmanuel Macron and British...
US stocks traded with little movement on Monday as the market awaited new catalysts this week and incoming clues regarding the Federal Reserve's monetary policy outlook. The S&P 500, Nasdaq 100, and Dow Jones were all relatively flat and remained near record highs reached last week. Minutes from this week's FOMC meeting and Jackson Hole Symposium are likely to provide clues regarding the direction of interest rates.Equities have been supported by bets on multiple rate cuts by the Fed this year, fueled by concerns about a weaker labor market and expectations of disinflation following a...
The Hang Seng Index fell 93 points, or 0.4%, to close at 25,177 on Monday (August 18th), reversing early gains as property and financial stocks dragged the index down. Sentiment worsened due to rising debt repayment risks in Hong Kong's property sector, with bond maturities expected to surge to nearly 70% next year amid weak sales. US index futures also weakened as President Trump plans to announce tariffs on semiconductor imports in the coming weeks. Caution prevailed ahead of the Fed's Jackson Hole symposium, where Chairman Powell is expected to outline the economic outlook and policy...