The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713 points. Technology stocks faced downward pressure, with Kuaishou sliding by 1.57%, Alibaba dropping 1%, Tencent falling 0.9%, and Trip.com Group losing 0.39%. Xiaomi Group recorded a marginal decline of 0.09%, while Meituan remained unchanged. Financial stocks showed a mixed trend. AIA Group saw the largest drop, down 1.89%, followed by Ping An...
European stocks closed higher on Monday, with the Stoxx 50 rising 1% and the broader Stoxx 600 gaining 0.5%, driven by strong performances from major corporates. Novo Nordisk climbed 1.9%, LVMH gained 2.6%, SAP rose 1.8%, ASML Holding advanced 1%, and Hermes International surged 4.5%. However, Stellantis shares dropped 6.3% following CEO Carlos Tavares' resignation, citing differences with the board amid struggles in the US market. Investor sentiment was clouded by political uncertainty in France, with ongoing budget tensions raising concerns about a potential no-confidence vote. Economic...
Stocks in the US were higher on the first trading day of December, with the S&P 500 rising 0.2%, the Dow Jones adding 40 points and the Nasdaq gaining 0.6%. Traders await key economic data due this week including the ISM PMIs, JOLTs and the jobs report to assess the US economic performance and the Fed's plans for December. The political situation remains in the spotlight with Donald Trump requiring a commitment from BRICS that they will neither create a new currency, nor back any other currency to replace the US dollar or they will face 100% tariffs. Consumer discretionary was by far...
The Hang Seng rose 127 points or 0.65% to close at 19,550 on Monday, marking gains for the second session amid strength across sectors. Upbeat manufacturing data from China, provided by both officials and a private survey, boosted sentiment as stimulus measures initiated in September began to take effect. Meanwhile, bets increased that the PBoC might roll out more policy easing, potentially including further reductions in the RRR and injecting more liquidity into the markets. Locally, Hong Kong's retail sales fell the least in eight months in October, with a government spokesperson saying...
European equity markets are set for a sharply lower open to start the new trading week and month, with cautious sentiment prevailing. European stocks lagged global peers in November, as concerns mounted that U.S. President-elect Donald Trump might target Europe's economy and companies with tariffs. Investors will be focused on upcoming manufacturing PMI reports from across the region, along with Italian GDP data. In corporate news, Stellantis CEO Carlos Tavares abruptly resigned on Sunday, citing "different views" with the board. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures...
The Nikkei 225 index rose 0.8% to close at 38,513, while the broader Topix index gained 1.27% to 2,715 on Monday, reversing the previous session's decline, thanks to strong gains in technology and banking stocks. Meanwhile, data showed that Japanese companies increased capital spending in the third quarter, signaling resilience in corporate confidence and reinforcing expectations that the Bank of Japan will soon raise interest rates. The top gainers in the technology and financial sectors were Disco (+1.8%), Advantest (+2.2%), Tokyo Electron (+1.4%), Mitsubishi UFJ (+1.9%) and Sumitomo...