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...
The S&P 500 rose 0.4% and the Nasdaq rallied 0.8% on Tuesday (July 15), while the Dow Jones Industrial Average hovered around the flatline, as the latest CPI report reinforced speculation that the Fed has room to cut interest rates this year. Headline inflation rose in line with forecasts, both annually and monthly. However, core inflation came in lower than expected for both measures, suggesting that underlying price pressures, particularly those related to recently imposed tariffs, remain contained for now. Meanwhile, Nvidia shares jumped nearly 5% after the company announced plans...
The Hang Seng Index surged 387 points, or 1.6%, to close at 24,590 on Tuesday (July 15), rising for a fourth straight session and reaching its highest level in nearly four months. The index rebounded from an initial decline as all sectors advanced, led by strong performance in technology and consumer stocks. The technology index surged 2.8%, driven by solid gains in Kuaishou Technology (3.8%), Meituan (3.5%), and Tencent Holdings (2.3%), after Nvidia expressed hope of soon resuming sales of its H20 general-purpose chip to China. Consumer, property, and financial stocks also rose, as...
European stocks edged higher on Tuesday, with the STOXX 50 up 0.3% and the STOXX 600 gaining 0.1%, as markets attempted to recover from modest losses in the previous session. Trade developments remained in focus, with investors closely monitoring potential deals that could ease tariff pressures. US President Trump announced a 30% tariff on imports from the European Union starting August 1st, prompting the bloc to continue to seek a trade agreement. Gains were seen in the autos and tech sectors, while telecom stocks declined. Corporate earnings were also in the spotlight. Shares of Ericsson...
Japanese shares closed higher on Tuesday as Prime Minister Shigeru Ishiba prepared to meet US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of the Aug. 1 trade deal deadline. The Nikkei 225 rose 0.55%, or 218.4 points, to end at 39,678.02. Bessent will travel to Japan for the US national day at the World Expo in Osaka on July 19, skipping the G20 finance meeting in South Africa. He will lead a delegation that includes Labor Secretary Lori Chavez-DeRemer and Deputy Secretary of State Christopher Landau. Japan's top negotiator Ryosei Akazawa is also expected to meet Bessent,...
The Hang Seng Index opened 78 points higher, rising 0.32% to 24,281. The China Enterprises Index gained 30 points, or 0.34%, to close at 8,763, while the Tech Index increased by 14 points, or 0.27%, to 5,297. Technology stocks showed overall stability, with Tencent up 0.5%, Alibaba gaining 0.3%, and Meituan edging up 0.1%. Both Xiaomi Group and Kuaishou remained unchanged. Financial stocks displayed mixed performance. HSBC Holdings rose 0.7%, while AIA Group declined by 0.3%. Ping An Insurance saw a slight increase of 0.2%, and the Hong Kong Exchanges and Clearing also climbed...