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 rose 0.3% to above 38,400, while the broader Topix gained 0.1% to 2,780 on Tuesday, extending gains from the previous session as investors awaited the Bank of Japan's latest policy decision. The central bank is widely expected to keep interest rates unchanged as it monitors developments in U.S. trade policy and assesses the inflationary impact of rising oil prices. Japanese equities also benefited from a rebound on Wall Street, where investors largely shrugged off rising tensions in the Middle East. Meanwhile, U.S. President Donald Trump called for a full evacuation of...
The Dow Jones Industrial Average (DJIA) found firmer footing on Monday, kicking off the new trading week on a high note and paring away most of the late-week losses that pushed indexes into the red last Friday. Israel launched strikes against Iranian targets under the auspices of denying Iran access to nuclear weapons. Israel is one of only four countries to not sign the Nuclear Non-Proliferation Treaty, and is also not a party to the Treaty on the Prohibition of Nuclear Weapons. Despite Israel's strikes quickly spiraling out into barrages of missile launches between Iran and Israel that...
US stocks were higher on Monday, erasing most of the losses from the previous session as markets reconsidered fears that the conflict between Israel and Iran would trigger global economic shocks. The S&P 500 and the Dow were around 0.7% higher, while the tech-heavy Nasdaq 100 added more than 1%. Hostilities between Tehran and Tel-Aviv persisted after exchange of strikes, but softer concerns that allies would join the conflict or that strikes would hamper global energy supply supported a rebound in risk sentiment. On the macroeconomic front, the FOMC is set to hold rates this week and...
The Hang Seng rose 168 points or 0.7% to close at 24,061 on Monday, reversing early losses and posting its first gain in three sessions. Property stocks led gains after Guangzhou plans to ease home-buying curbs and price controls. Consumers and financials also strengthened, as China's consumer spending surged in May, due to holiday-driven demand. A jump in U.S. futures also boosted sentiment, ahead of the Fed's interest rate decision Wednesday. While the central bank is widely expected to hold rates steady for the fourth straight meeting, mounting Middle East tensions and rising oil prices...
European stocks opened broadly higher, with the regional Stoxx 600 index up 0.15%, the U.K.'s FTSE 100 up 0.27%, and France's CAC 40 and Germany's DAX both up around 0.35%. Markets at least initially recovered from Friday's negative trading as Israel and Iran traded airstrikes, stoking fears of a prolonged and deadly conflict. European oil and gas stocks on the Stoxx 600 rose 1.1% amid a surge in crude prices. (alg) Source: CNBC