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%,...
Hong Kong stocks fell 42 points, or 0.2%, to 19,328 on Friday morning, down for a second session amid continued caution ahead of China's official November PMI figures due later this week. The Hang Seng is on track for a second straight monthly decline, down nearly 5% so far, weighed down by growing concerns over the impact of Sino-U.S. trade tensions from the current and incoming administrations. A decline in financial stocks dragged on the index, amid uncertainty over whether Beijing will introduce new policy measures to support the Chinese economy as the year ends. Source: Trading...
The Nikkei 225 Index fell 0.7% to below 38,100, while the broader Topix Index fell 0.4% to 2,677 on Friday, reversing some of the previous session's gains. Investors were reacting to data showing that Tokyo inflation rose above 2% in November, fueling speculation that the Bank of Japan will raise interest rates next month. Markets now price in a 60% chance of a 25 basis point rate hike in December, up from about 50% a week ago. Meanwhile, the latest data on industrial production, retail sales and employment showed signs of slowing economic activity. Technology stocks led the decline, with...
The pan-European Stoxx 600index ended up 0.45%, having slightly pulling back from earlier gains. Banking stocks led the pack, up 0.98%, while household goods were a rare outlier, down 0.67%. France's CAC 40 index rose 0.51%, rebounding from a decline Wednesday even as the country's risk premium drew level with Greece's for the first time amid ongoing political turmoil.Shares of British insurance firm Direct Line jumped 42%, hitting their highest level since early 2023, after it said a takeover offer from rival Aviva "substantially undervalued" the company. The stock ended the day 41%...
The Hang Seng tumbled 236 points or 1.2% to end at 19,367 on Thursday, marking the first decline in three sessions amid escalating trade disputes between China and the US. The Biden administration reportedly may introduce fresh curbs on sales of semiconductor equipment and AI memory chips to China next week. Meanwhile, US President-elect Trump's trade policies and their potential impacts remain uncertain, with China's state media warning of possibly severe repercussions. In business news, media reports said BYD Co. and other Chinese automakers urged suppliers to cut prices, signaling...
The Nikkei 225 Index rose 0.56% to close 38,349 while the broader Topix Index jumped 0.82% to 2,687 on Thursday, with Japanese shares ending a two-day decline as risk sentiment improved, while investors took advantage of lower valuations. However, caution persisted as the yen surged to its highest levels in over five weeks on Wednesday, driven by speculation that the Bank of Japan may raise interest rates again as soon as next month. Markets are now assigning a 60% chance of a 25 basis point rate hike in Japan in December, up from around 50% a week ago. Investors are also closely watching...