The Hong Kong stock exchange plunged after a long holiday. The Hang Seng opened down 57 points (26,900), was hit by intense selling to 26,520, and closed down 380 points (-1.41%) at 26,577. The China Enterprise Index ended down 1.5% (9,429), while the Technology Index fell 1.94% (6,422). Tech led the decline: Tencent -1%, Alibaba -2.9%, Meituan -2%, Xiaomi -1%, JD.com -2.7%, Kuaishou -2.9%, and Baidu -5%. The financial sector also slumped: HSBC -1.3%, AIA -0.6%, Ping An -1.6%, and HKEX -1.3%. Main board turnover: HK$40.4 billion. Gold's rally to a new record fueled mixed performance among...
Asia-Pacific markets are set for a mixed open on Friday, after Wall Street benchmarks the Nasdaq Composite and the S&P 500 posted their worst day in nearly two months on a downbeat Microsoft earnings forecast and MetaTrader results. Traders await a raft of economic data from the region, including Australia's third-quarter producer price index reading and China's Caixin manufacturing purchasing managers' index for October. Japan's Nikkei 225 appears set for a weaker open, with futures in Chicago at 38,470 and its Osaka counterpart at 38,370 against the index's last close of...