Stocks in Hong Kong surged 413 points, or 1.6%, to 26,043 in early trade on the first trading day of 2026, rebounding from losses in the previous session as markets reopened after the New Year break. Sentiment was lifted by a marked rise in U.S. futures, following solid year-end gains on Wall Street in 2025. While U.S. equities underperformed the strong returns of the past two years, annual gains remained resilient despite a global sell-off triggered by tariff announcements in April. All sectors of the Hang Seng Index participated in the rally, led by tech, consumer, and property stocks....
US stocks closed sharply lower on Wednesday, with the S&P 500 falling 1.2% to mark a fourth consecutive session of losses. The Nasdaq dropped 1.8%, while the Dow Jones ended 228 points lower, also extending its losing streak to four sessions. The tech sector led the declines amid persistent concerns over AI-related valuations. Oracle tumbled 5.4% after reports that its largest data center partner, Blue Owl, declined to back the company's plan to build a $10 billion data center. Nvidia fell 3.8%, Broadcom slid 4.5%, and AMD plunged 5.3%. Amazon shares closed 0.6% lower, giving up early...
European equities were mostly lower on Wednesday, reversing early gains and extending losses for a second consecutive session. The STOXX 50 fell 0.7%, while the STOXX 600 closed little changed. ASML Holding tumbled 4% after a Reuters report showed a team in Shenzhen had completed a working prototype of an EUV machine in early 2025, which will potentially reduce China's demand for ASML's products. Siemens was also down 2% and Schneider Electric fell 2.9%. In contrast, defense stocks rebounded after Germany's parliamentary budget committee cleared more than €50 billion in defense contracts...
Stocks rose Wednesday after the S&P 500 posted a third losing session, as investors weighed newly released U.S. economic data. The S&P 500 traded 0.1% higher along with the Nasdaq Composite. The Dow Jones Industrial Average climbed 146 points, or 0.3%. The U.S. Bureau of Labor Statistics released early Tuesday its November job report, which also included data from October. The findings pulled back the curtain on the U.S.′ economic health following a federal data backup caused by the U.S. government shutdown this fall. The report showed the U.S. economy shed 105,000 jobs in...
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded from a near four-week low, supported by buying after recent losses. Mainland Chinese markets also recovered, supported by a rebound in technology stocks, which boosted sentiment across the region. Meanwhile, analysts at Goldman Sachs said Chinese equities could rise by around 30% by the end of 2027, citing continued pro-market policies, improving corporate earnings, and continued capital...
European stocks opened generally higher on Wednesday (December 17th) as investors prepared for central bank decisions. Central bank action will be closely monitored by European market participants this week, with the European Central Bank (ECB) scheduled to hold its final policy meeting of the year on Thursday. Although the central bank is expected to keep interest rates at 2%, ECB President Christine Lagarde has said it is likely to raise its eurozone growth forecast again. In September, the central bank raised its annual GDP growth forecast to 1.2%. The Bank of England, Riksbank, and...