The Hong Kong stock exchange opened lower on Tuesday, following negative pressure in global markets as investors reassessed the valuation of the artificial intelligence (AI) sector and awaited the direction of US interest rate policy. The Hang Seng Index (HSI) fell around 1.3% at the start of the session, moving to around 26,027 points. This decline extended the correction trend in the Asian region, in line with the decline on Wall Street. The technology sector was again the biggest drag on the index, with shares of giants such as Xiaomi, Li Auto, and Meituan each falling between 2% and...
The Hang Seng Index opened higher, rising 212 points or 0.97%, to reach 22,027 points. The China Enterprises Index climbed 80 points, or 1%, to 8,083, while the Tech Index advanced 75 points, or 1.43%, to 5,310.Technology stocks posted strong performances, with gains across major players. Tencent rose 1.7%, Alibaba edged up 0.1%, Meituan gained 1.4%, Xiaomi rose 1.8%, JD.com climbed 2.3%, and Kuaishou surged 3.3%.Financial stocks also provided significant support to the market. HSBC advanced 0.4%, AIA rose 1.7%, Ping An Insurance increased by 1.2%, and the Hong Kong Exchanges and Clearing...
The Nikkei 225 Index declined 0.4% to around 39,300 on Friday, ending a three-day rally as the yen sharply rebounded overnight. The currency's rise followed expectations of a softer US PCE inflation reading and a delay in President Trump's reciprocal tariffs. A stronger yen typically weighs on Japan's export-driven industries and makes Japanese assets pricier for foreign investors. Meanwhile, investors continued to navigate Japan's busy earnings season, which has yielded mixed results so far. Notable losses were seen in index heavyweights such as IHI Corp (-2.2%), Fast Retailing (-1.1%), and...
Asia-Pacific markets rose Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately.Australia's S&P/ASX 200 started the day 0.76% higher, after hitting a intra-day record in the previous session.Over in Japan, the benchmark Nikkei 225 started the day down 0.15%, while the broader Topix index was up 0.31%.South Korea's Kospi opened 0.14% higher while the small-cap Kosdaq advanced 0.74%.The country's seasonally adjusted unemployment rate hit 2.9% in January, easing from its three-year high of...
US stocks rose on Thursday as a U.S. tariff update helped ease concerns about inflation and global trade tensions, brushing aside hotter-than-expected inflation data. The S&P 500 rose 1%, the Nasdaq 100 gained 1.3% and the Dow Jones Industrial Average jumped more than 350 points, or 0.7%. President Trump signed a memorandum to review reciprocal tariffs on foreign countries but did not impose any levies. He also hinted at the potential for additional tariffs, including on auto imports. The producer price index (PPI) rose 0.4% in January, beating estimates, but a key component that goes...
European stocks closed sharply higher on Thursday, extending this week's strong momentum on the back of strong earnings reports and hopes that Ukraine may soon be on the way out, as investors weighed how new U.S. tariffs could affect European growth. The eurozone STOXX 50 jumped 1.7% to 5,500, its first closing high in 25 years, and the pan-European STOXX 600 gained 1.1% to 554. U.S. President Trump announced upcoming talks with Russian President Putin to negotiate a resolution to the ongoing conflict starting in 2022. Auto stocks led the gains with Mercedes Benz, Volkswagen, up between 7%...