The Hang Seng climbed 226 points or 0.9% to end at 24,733 on Monday, snapping a four-session dip as all sectors gained. Traders looked ahead to developments on the U.S.-China trade truce, set to expire on August 12. Meanwhile, U.S. Treasury Secretary Bessent said Washington is optimistic about reaching a deal with China, following recent trade talks in Stockholm. Separately, China's top leaders pledged to support the economy and rein in "disorderly competition" during last week's Politburo meeting. Beijing also confirmed its fourth plenum will be held in October, likely focusing on the next...
U.S. stocks plunged on Friday, putting the S&P 500 on track to extend its slide since late February that has been fueled by trade policy turmoil, recession fears and a rollover in megacap technology stocks. The S&P 500 fell 0.4%, putting the index on track for its first five-week decline in more than two years. The Nasdaq Composite fell 0.6%. The Dow Jones Industrial Average fell 302 points, or 0.7%. Traders had been bracing for a potentially volatile session on Friday with so-called "quadruple witching" — when stock options, index futures and single-stock futures expire. Goldman...
The STOXX 50 fell 0.5%, and the STOXX 600 dropped 0.3% on Friday, extending losses from the previous session as concerns over the economic outlook continued to weigh on investor sentiment. The U.S. is set to impose retaliatory tariffs on April 2, while the European Union's retaliatory measures have been delayed until mid-April. Travel and leisure shares were among the worst performers after London's Heathrow Airport was forced to close Friday due to a power outage caused by a fire at a nearby electrical substation. Meanwhile, traders were closely watching a vote by Germany's upper house on...
The Hang Seng plunged 530 points, or 2.2%, to close at 23,690 on Friday (3/21), marking its second straight decline amid sharp declines across all sectors. The index fell 1.1% for the week, extending its decline to two weeks, as rising profit-taking in technology stocks and caution ahead of upcoming Chinese corporate earnings weighed on sentiment. Semiconductor Manufacturing dropped 7.1% to a one-month low, while Kuaishou Tech (-5.4%), Alibaba Group (-3.5%), and Tencent (-2.0%) also fell sharply. Consumer, property and financial stocks also fell, as China's newly announced "special action...
Japan stocks were lower after the close on Friday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.51%. The best performers of the session on the Nikkei 225 were Mercari Inc (TYO:4385), which rose 7.45% or 182.50 points to trade at 2,633.50 at the close. Meanwhile, Mitsubishi UFJ Financial Group Inc (TYO:8306) added 5.72% or 120.50 points to end at 2,226.00 and DeNA Co Ltd (TYO:2432) was up 4.08% or 137.00 points to 3,497.00 in late trade. The worst performers of the session were SUMCO Corp. (TYO:3436),...
Hong Kong stocks lost 283 points or 1.2 to 23,929 in Friday morning trade, marking their second straight session of decline as all sectors retreated. Sentiment remained weak following a drop on Wall Street overnight, as traders cautiously digested the latest U.S. economic data amid concerns over President Trump's tariffs. Meanwhile, uncertainty over the timing and scale of Beijing's latest plan to boost consumption prompted investors to move away from riskier assets. Among the early laggards were CK Asset Holdings (-5.7%), KE Holdings (-3.7%), Innovent Biologics (-3.6%), and Semiconductor...