The Hang Seng Index plunged 454 points, or 1.7%, on Tuesday (November 18th), its sharpest one-day drop since mid-October, and closed at a two-week low of 25,930. The index fell for a third straight session, weighed down by broad declines across sectors. Sentiment soured due to the global market slump, with traders anxiously awaiting Nvidia's earnings report amid valuation concerns and the delayed release of US data, including the September employment report. Technology stocks slumped nearly 2% as the recent rally showed signs of exhaustion. Property, financial, and consumer discretionary...
Asia-Pacific markets mostly fell Monday after Wall Street logged its worst session of the year last Friday as U.S. economic data pointed to a slowing economy and sticky inflation. Hong Kong's Hang Seng index was down 0.37%, after notching a nearly three-year high in its previous session. Mainland China's CSI300 index fell 0.26% in choppy trading. Indian stocks continued to be in negative territory, with the Nifty 50 down 1.01%, while the BSE Sensex index fell 0.99%. In South Korea, the Kospi ended the day 0.35% lower at 2,645.27, while the small-cap Kosdaq was closed down 0.17% at...
Japanese stocks closed to commemorate the birthday of the Japanese emperor
(Hong Kong) The Hang Seng Index opened down by 5 points, or 0.02%, at 23,472 points, while the Hang Seng China Enterprises Index rose by 3 points, or 0.04%, to 8,670 points. The Technology Index also experienced a modest increase, gaining 5 points, or 0.09%, to reach 5,864 points. Technology stocks showed a generally strong performance, with Tencent rising by 0.9% and Tencent Music surging by 9.2% after being included in the Tech Index. Other notable gains included Meituan, which increased by 1.1%, and Xiaomi, up by 0.9%. Alibaba saw a slight rise of 0.2%, while JD.com edged up by 0.1%....
Asia-Pacific markets were set to fall Monday, after Wall Street logged its worst session of the year last Friday on lackluster U.S. economic data that pointed to a slowing economy and sticky inflation.Australia's S&P/ASX 200 extended losses to a sixth straight session, opening 0.81% lower.Futures for Hong Kong's Hang Seng index last traded at 23,397, pointing to a weaker open compared to the HSI's Friday close of 23,477.92.Japanese markets are closed for a public holiday.Singapore is slated to release its inflation numbers for January later in the day. A Reuters' poll forecasts the...
Stocks sold off on Friday as fresh U.S. data fueled investor concerns about a slowing economy and high inflation, sending them seeking safer assets. The losses deepened as traders worried about a weekend that could bring another barrage of headlines from the Trump administration, which has proposed a series of tariffs and other market-moving policy changes since taking office a month ago. The Dow Jones Industrial Average fell 724 points, or 1.6%, bringing its two-day loss to more than 1,200 points. Friday's loss was its biggest of the year. The S&P 500 traded 1.6% lower, falling for a...