The Hong Kong stock market opened lower today. The Hang Seng Index fell 65 points, or 0.24%, to close at 27,221. The China Enterprises Index also fell 0.31%, while the technology index weakened 0.44%. Technology stocks showed mixed movements - Tencent and Alibaba recorded slight gains, while JD.com and Kuaishou experienced declines. Meituan and Xiaomi saw no price changes. In the financial sector, stock movements were also mixed. HSBC fell 1.1%, while stocks like AIA Group and the Hong Kong Stock Exchange were unchanged. In the automotive sector, most stocks moved lower. BYD, XPeng, and Li...
The Hang Seng Index has opened positively, gaining 164 points or 0.64%, reaching 25,660 points. The National Enterprises Index rose by 65 points, equivalent to a 0.71% increase, now standing at 9,173 points, while the Technology Index climbed 56 points, or 0.99%, to 5,785 points. Technology stocks showed strong performance, with Tencent rising by 1%, Alibaba increasing by 1.3%, and Meituan slightly down by 0.1%. Xiaomi Group saw a rise of 1.9%, JD.com surged by 2.6%, and Kuaishou gained 0.7%. In the financial sector, stocks exhibited mixed results; HSBC Holdings fell by 0.1%, while AIA...
Japanese stocks are trading lower, tracking overnight losses on Wall Street as inflation fears due to rising bond yields weigh on the index. Automobile and financial stocks are weighing on the index. Toyota and Honda are down 0.2% and 0.5%, respectively. Sumitomo Mitsui Financial is down 0.9%, while Mitsubishi UFJ Financial is 0.7% lower. Index heavyweight SoftBank Group is down 2.8%. USD/JPY is down 0.1% at 148.56. The Nikkei Stock Average is down 0.4% at 42132.41. Source: Bloomberg
Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest developments on the trade front. Australia's S&P/ASX 200 declined by 0.52%, ahead of the release of its GDP reading for the second quarter ended June. Economists polled by Reuters forecast a 1.6% expansion from the year before, compared to the 1.3% posted in the previous quarter ended March. Japan's Nikkei 225 lost 0.43%, while the broader Topix index moved down 0.35%. Over in South Korea, the Kospi index ticked up 0.16%, while the small-cap Kosdaq...
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump called the reports "fake news," while emphasizing that he was actively engaging through interviews, social media posts, and visits to his golf club in Virginia. The White House Press Office added that he was in good physical condition despite suffering from chronic venous insufficiency, a common condition associated with aging, with no serious complications. Furthermore, Trump announced that the headquarters of U.S. Space Command would be moved...
The S&P 500 closed lower on Tuesday, as the tech wreck continued pressured by tariff uncertainty and a jump in bond yields. The main averages on Wall Street were closed on Monday in observance of the Labor Day holiday. At the end of the last trading day on Friday, stocks dipped, weighed down partially by declines in artificial intelligence-related names. Sticky personal consumption expenditure price index data also sparked some doubts over just how much impetus the Federal Reserve has to cut rates. President Donald Trump said he would request the Supreme Court deliver an expedited...