Following a four-day winning streak, Hong Kong's stock market saw a slight correction on Thursday morning (24th July). The Hang Seng Index opened 9 points lower, down 0.04%, at 25,528 points. Meanwhile, the China Enterprises Index fell by 15 points, or 0.17%, to 9,225 points, and the Hang Seng Tech Index dropped 14 points, or 0.26%, to 5,730 points. Financial stocks showed mixed performances. AIA Group rose 0.21%, while Ping An Insurance and Hong Kong Exchanges and Clearing remained unchanged. HSBC Holdings climbed 0.8%, trading at HK$100.8. Among major tech stocks, Meituan fell 0.15%,...
Asia-Pacific markets fell on Tuesday, failing to track gains on Wall Street as US benchmarks hit record highs following President-elect Donald Trump's choice for Treasury secretary. Australia's S&P/ASX 200 traded 0.28% lower, after hitting an all-time closing high on Monday. Japan's Nikkei 225 fell 0.82%, while the Topix fell 0.64%. Japan's services PPI rose 2.9% year-on-year, compared with a 2.8% gain the previous month. The Kospi fell 0.40% in the first hour of trading. Hong Kong's Hang Seng index futures were at 19,245, up from the HSI's last close of 19,150.99. Traders in...
U.S. stocks rise as investors greet the appointment of Scott Bessent to lead the Treasury Department, on hopes he could blunt some potentially inflationary policies. Super Micro Computer adds 16% to a winning streak started when it cleared a regulatory issue with Nasdaq and rose 78% last week. Bath & Body Works rises 17% after the retailer beats earnings forecasts and raises its guidance. Treasury yields and the dollar decline, ahead of a heavy flow of data before Thanksgiving. The DJIA gains 440 points, or 1%, to 44737, its 45th record this year. The S&P and Nasdaq rise slightly,...
European stocks closed slightly higher Monday, buoyed by positive sentiment stateside. The pan-European Stoxx 600 ended 0.14% higher, with most sectors and major bourses in the green. Household goods and mining stocks led gains, both adding 1.21%, while oil and gas stocks fell 1%. Source: CNBC
The Dow Jones Industrial Average and S&P 500 touched new records on Monday, kicking off the shortened trading week as investors cheered President-elect Donald Trump's choice for Treasury secretary. The blue-chip Dow traded 382 points, or 0.9%, higher, while the broad S&P 500 gained 0.4%. Both hit new all-time highs in the session. The Nasdaq Composite added 0.5%. Monday brought a broad market rally as investors cheered Trump's plan to nominate Key Square Group founder Scott Bessent as Treasury secretary. More than 4 out of 5 S&P 500 stocks traded higher in the session, and the...
U.S. stocks climbed Monday as investors cheered President-elect Donald Trump's choice for Treasury secretary ahead of a shortened Thanksgiving trading week. The Dow Jones Industrial Average traded 460 points higher, or 1%. The S&P 500 gained 0.8%, and the Nasdaq Composite climbed 1%. Monday brought a broad market rally as investors applauded Trump's plan to nominate Key Square Group founder Scott Bessent as Treasury secretary. More than 450 S&P 500 stocks traded higher in the session, while the small cap-focused Russell 2000 advanced more than 1.5%. Investors viewed the pick...