Hong Kong stocks rose modestly on Tuesday, as investors positioned ahead of the Politburo meeting in China that could set the economic tone for the rest of the year, while sentiment remained upbeat following the launch of the world's largest hydropower dam project on the eastern rim of the Tibetan Plateau. The Hang Seng Index gained 135.89 points, or 0.5%, to close at 25,130.03, while the Hang Seng China Enterprises Index (HSCEI) added 35.40 points, or 0.4%, to 9,075.60. Focus is now on the upcoming Politburo meeting, convened by Chinese President Xi Jinping later this month, which could...
Asia-Pacific stocks rose Tuesday, after key Wall Street benchmarks hit record highs overnight as investors assessed the resilience in corporate earnings amid tariff risks. Investors in the region will be keeping a close watch on Japanese markets, which reopened after the ruling party lost its majority in the upper house following an election over the weekend. Japan's rose in early trade Tuesday, as markets reopened after the ruling party lost its majority in the upper house over the weekend. The 225-stock share average advanced 1.12% to hit 40,254.18 at 9.17 a.m. local time (8.17...
US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet. So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news...
European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone STOXX 50 fell 0.3% to close at 5,342, and the pan-European STOXX 600 fell 0.1% to 546. US officials maintained the threat of 30% tariffs on EU exports while the EU Commission continued to negotiate lower tariffs ahead of the August 1st deadline. Meanwhile, the EU also signaled that aggressive retaliation would be pursued if no deal was reached, risking escalation and higher prices in the bloc. Shares of luxury goods giants led the decline in the...
U.S. stocks moved higher on Monday as investors tracked the latest developments in trade and awaited the start of big tech earnings this week. The S&P 500 rose 0.4%, and the Nasdaq Composite jumped 0.7%. Both indexes had hit new all-time intraday highs during the session. The Dow Jones Industrial Average, meanwhile, ticked up by 98 points, or 0.2%. The market was bolstered by moves in major technology names. Alphabet increased more than 2%, while Apple rose almost 2%. Others like Meta Platforms advanced more than 1%. Trade was once again in focus as the White House reiterated its...
The Hang Seng Index rose for the second day, climbing 0.7%, or 168.48 to 24,994.14 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 1.8%. China Petroleum & Chemical Corp. had the largest increase, rising 5.5%. Today, 58 of 85 shares rose, while 24 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. Source : Bloomberg