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...
Japanese equities slipped on Friday despite Wall Street's gains, driven by cooling US inflation and anticipation of Federal Reserve rate cuts. The Nikkei 225 opened 42.84 points lower at 38,324.93. Investors are awaiting Japan's revised industrial production report for April; the preliminary reading showed a 0.70% increase year-over-year. Meanwhile, Japanese Prime Minister Shigeru Ishiba believes there's a significant gap in trade talks with the US, and he has no immediate timeline for an agreement, according to Bloomberg News on Thursday. This comes ahead of his anticipated meeting with...
Asia-Pacific markets were set to open higher Friday, tracking gains on Wall Street following a batch of economic data that pointed toward a solid U.S. economy. Futures for Japan's benchmark Nikkei 225 in Chicago were at 38,220 while their counterpart in Osaka last traded at 38,170 compared with the index's Thursday close of 38,173.09 Futures for Hong Kong's Hang Seng index last traded at 24,178, compared with the HSI's last close of 24,035.38. Australia's S&P/ASX 200 was also set to start the day higher, with futures tied to the benchmark at 8,605, compared to the index's close of...
US equites closed slightly higher on Thursday, as a rally in Oracle shares and cooling inflation offset lingering trade uncertainties. The S&P 500 rose 0.4% and Nasdaq gained 0.2%, lifted by a 13% surge in Oracle shares following strong quarterly results and an upbeat forecast for cloud growth driven by AI demand. However, Boeing fell 4.7% after a deadly crash involving an Air India Dreamliner, weighing on the Dow, which closed 101 points higher. Economic data showed further signs of easing inflation, with the Producer Price Index rising just 0.1% in May, boosting hopes for a Federal...
Stocks slid Thursday as U.S. President Donald Trump threatened setting unilateral tariffs on trading partners in two weeks. The S&P 500 lost 0.1%, while the Nasdaq Composite was down 0.1%. The Dow Jones Industrial Average was also lower by 191 points, or 0.5%. Dow component Boeing shed 4% after an Air India Dreamliner 787 crashed after takeoff with 242 passengers on board. Shares of Oracle surged 11% after the company reported fiscal fourth-quarter results that beat on the top and bottom lines and indicated more cloud growth ahead. Stocks were weaker even as investors got...
The Hang Seng plunged 331 points, or 1.4%, to close at 24,035 on Thursday, reversing gains from the previous session amid a plunge in U.S. futures following President Trump's threat of new tariffs. This came just a day after China and the U.S. struck a positive tone in talks to ease tensions. Trump said letters detailing the terms of a new trade deal would be sent to countries within weeks, which they could either accept or reject. The market retreated from a nearly three-month high, with all sectors down as traders locked in profits. Sentiment also turned cautious ahead of U.S. PPI data...