The Hang Seng rose 63 points or 0.25% to close at 24,970 on Tuesday, swinging from early losses and marking the second straight gain. Sentiment finally improved after Washington and Beijing extended their tariff truce by another 90 days, averting triple-digit duties on Chinese exports to the U.S. Meanwhile, mainland markets have trended higher in recent weeks as investors look ahead to October's key annual conclave, expected to focus on the next five-year economic plan. On the economic front, China's vehicle sales grew 14.7% yoy in July, accelerating from June's 13.8%, according to the...
The Hang Seng rose 174 points or 0.7% to close at 25,562 on Monday, rebounding from losses in the prior session amid broad-based gains, led by financials and property stocks. Sentiment improved as the U.S. and China were set to resume trade talks in Stockholm, with reports suggesting a likely three-month extension of their tariff truce. Markets were near their highest in four years, lifted by news about the U.S.–EU trade deal, which set a 15% tariff on most EU goods, half the previously threatened rate. However, gains were capped by caution ahead of Hong Kong's June trade data due later...
Major bourses in Europe were higher on Monday, with the STOXX 50 adding 1.3% and the STOXX 600 gaining 1%, after the US and European Union reached a trade agreement over the weekend, easing transatlantic trade tensions. The deal includes a 15% tariff on European exports, half the 30% initially threatened by the US. Certain goods, such as aircraft components and specific chemicals, will be exempt from tariffs, while duties on automobiles will be reduced to a 15% rate. The agreement also includes provisions for the EU to purchase US energy and boost its investments in the country. The auto...
Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 1.05%. The best performers of the session on the Nikkei 225 were Fanuc Corp. (TYO:6954), which rose 5.00% or 211.00 points to trade at 4,431.00 at the close. Meanwhile, Sharp Corp (TYO:6753) added 4.93% or 33.50 points to end at 713.50 and Taiyo Yuden Co., Ltd. (TYO:6976) was up 3.85% or 104.50 points to 2,820.00 in late trade. The worst performers of the session were Dainippon Screen Mfg. Co., Ltd....
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...
The Nikkei 225 fell 0.5% to below 41,300 on Monday, while the broader Topix Index slipped 0.15% to 2,948, marking a second consecutive session of losses as investors turned cautious ahead of a busy week for corporate earnings. Major firms set to report this week include Advantest, Keyence, Tokyo Electron, Nintendo, ANA Holdings, and Japan Airlines. Investors also continued to assess the impact of the US-Japan trade deal on Japan's export-reliant economy and industries. Meanwhile, attention shifted to upcoming US-China trade talks, set to begin later today in Stockholm, amid hopes for a...