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...
US stocks were near the flatline on Monday as downplayed concerns that the US strike on Iran may have on energy markets and future conflict in the Middle East. The S&P 500, the Dow Jones, and the Nasdaq 100 were all close to the flatline. US forces struck Iranian nuclear infrastructure over the weekend after US President Trump had dismissed the possibility of an imminent attack. While the Iranian vowed aggressive retaliation and its parliament backed the blocking of the Strait of Hormuz, oil tankers so far continued to sail through the region and crude oil prices pared their increase,...
The Hang Seng Index rose for the second day, climbing 0.7%, or 158.65 to 23,689.13 in Hong Kong. Today, commerce and industry stocks led the market higher, as 3 of 4 sectors gained; 58 of 85 shares rose, while 23 fell. Meituan contributed the most to the index gain, increasing 2.2%. Li Auto Inc. had the largest increase, rising 5.5%. Source: Bloomberg
The STOXX 50 fell 0.6% and the STOXX 600 fell 0.4% on Monday, reflecting a slight flight to safety as tensions in the Middle East escalated. Market sentiment was shaken after the US became more involved in the Israeli conflict, launching an attack on Iran over the weekend. Despite the heightened geopolitical risks, the market reaction was less severe than anticipated, with traders awaiting Iran's response and hoping the conflict could be resolved. The main concern remains the potential closure of the Strait of Hormuz, which could significantly disrupt oil markets. Meanwhile, flash PMIs...
Japanese stocks fell after the close on Monday (6/23), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.01%. The best performers on the Nikkei 225 were Chugai Pharmaceutical Co., Ltd. (TYO:4519), which rose 4.47% or 321.00 points to trade at 7,510.00 at the close. Meanwhile, Sapporo Holdings Ltd. (TYO:2501) rose 4.38% or 315.00 points to close at 7,500.00 and Bandai Namco Holdings Inc. (TYO:7832) gained 2.17% or 106.00 points to 5,000.00 in late trade. The worst performers on the session were...
Hong Kong shares fell 94 points, or 0.4%, to 23,431 in early trading on Monday, reversing gains from the previous session amid a sharp decline in U.S. stock futures as tensions in the Middle East escalated. The U.S. State Department issued a "global caution" warning after Tehran vowed retaliation in response to President Donald Trump's attack on an Iranian nuclear power site. Investors were also cautious as they digested China's FDI data, which showed a 13.2% year-on-year decline in the first five months of the year, despite a surge in high-tech investment. (alg) Source: Trading Economics