The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
Wall Street's main indexes opened lower on Friday as trade worries deepened after U.S. President Donald Trump accused China of violating a tariff agreement, while investors assessed the latest inflation data. The Dow Jones Industrial Average (.DJI), opens new tab fell 23.4 points, or 0.06%, at the open to 42,192.35. The S&P 500 (.SPX), opens new tab fell 8.5 points, or 0.14%, at the open to 5,903.67, while the Nasdaq Composite (.IXIC), opens new tab dropped 44.7 points, or 0.23%, to 19,131.219 at the opening bell. Source: Reuters
The Hang Seng slipped 284 points or 1.2% to finish at 23,290 on Friday, pulling back from a strong session the day before. The tumble followed a U.S. federal court's decision to temporarily reinstate tariffs imposed by President Trump, reversing an earlier trade court ruling that had blocked them. At the same time, China's official May PMI, due over the weekend, kept markets cautious amid concerns over fragile factory activity. Meantime, U.S. Treasury Secretary Bessent said that trade talks with China were "a bit stalled" and may require a direct push from Trump and Xi. Most sectors fell,...
European shares dipped on Friday as caution prevailed after a U.S. court reinstated President Donald Trump's tariffs, even as the benchmark index neared a robust monthly gain. The continent-wide STOXX 600 index was down 0.1%, as of 0711 GMT, pressured by a temporary reinstatement of the most sweeping of Trump's tariffs a day after another court ordered an immediate block on them. However, the benchmark index was set for its first monthly advance in three, up 3.8% so far, capitalising on easing trade tensions and the recent U.S. fiscal concerns that forced investors to move away from...
Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 1.25%. The best performers of the session on the Nikkei 225 were Otsuka Holdings Ltd (TYO:4578), which rose 6.82% or 469.00 points to trade at 7,350.00 at the close. Meanwhile, Kyowa Kirin Co Ltd (TYO:4151) added 4.16% or 94.00 points to end at 2,353.50 and Tokai Carbon Co., Ltd. (TYO:5301) was up 3.70% or 37.00 points to 1,037.00 in late trade. The worst performers of the session were Tokyo Electron Ltd....
The Hang Seng Index started the day with a dip of 233 points or 0.99%, closing at 23,339 points. The state-owned enterprise index fell by 97 points or 1.13% to 8,462 points, while the technology index dropped by 66 points or 1.26% to 5,234 points. In the tech sector, Tencent experienced a 0.8% decline, Alibaba dropped by 2.5%, Meituan by 1.9%, Xiaomi Group by 1.3%, JD.com by 2.1%, and Kuaishou by 0.3%. Individual developments were noted in the financial sector, with HSBC Holdings falling by 0.5%, Prudential Insurance rising by 0.3%, China Ping An dropping by 1.1%, and Hong Kong Exchanges...