Hong Kong's stock market ended higher Wednesday with the benchmark Hang Seng Index up 1.62 percent to close at 25,538.07 points. The Hang Seng China Enterprises Index rose 1.82 percent to end at 9,241.2 points, and the Hang Seng Tech Index rose 2.48 percent to end at 5,745.74 points. Source : CTX
US stocks edged higher on Thursday, with the S&P 500 rising 0.4% to approach record levels, the Nasdaq 100 adding 0.5% to surpass the fresh high topped the day before and the Dow Jones adding more than 200 points, supported by growing expectations that the Fed may cut interest rates sooner than previously anticipated. The WSJ reported that President Trump is considering announcing his nominee for the next Fed Chair early, potentially installing a "shadow" chair who could push for a more dovish policy stance. Meanwhile, fresh economic data showed the US economy contracted more than...
The Hang Seng dropped 149 points or 0.6% to 24,325 on Thursday, snapping the four-day winning streak and retreating from a three-month high amid broad losses and profit-taking. Investor caution resurfaced on worries that Wall Street's recent rally may have outpaced economic fundamentals, especially with persistent macro and geopolitical risks. On Capitol Hill, Fed Chair Powell stated the Fed remains cautious in evaluating how tariffs are influencing consumer prices. Pharma stocks weighed heavily on the index, with sharp declines in Innovent Biologics (-4.5%), Wuxi Biologics (-2.7%), and...
European stocks edged up on Thursday, helped by signs that an Israel-Iran ceasefire appears to be holding, while U.S. President Donald Trump's latest criticism of the Federal Reserve chairman revived concerns over the central bank's independence. The pan-European STOXX 600 index opened up 0.3% at 538.75 points, as of 0707 GMT. Other major regional indexes were also trading higher. On Wednesday, Trump called Fed Chairman Jerome Powell "terrible" and said he had three or four people in mind as contenders for the Fed's top job. The Wall Street Journal reported that Trump has been toying with...
Japanese stocks rose after the close on Thursday (6/26), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close in Tokyo, the Nikkei 225 rose 1.66% to hit a fresh 3-month high. The best performers on the Nikkei 225 were Ebara Corp. (TYO:6361), which rose 9.84% or 239.00 points to trade at 2,667.50 at the close. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) rose 5.62% or 82.50 points to close at 1,551.50 and SoftBank Group Corp. (TYO:6770) gained 1.66% or 23.00 points to close at 2,667.50. (TYO:9984) rose 5.52% or 514.00 points to 9,830.00 at the close. The...
Hong Kong shares fell 103 points, or 0.4%, to 24,371 on Thursday morning, snapping a four-day rally as traders took profits after the market hit a three-month high. Sentiment was further dampened by Fed Chair Powell's cautious stance on inflation and tariffs during his second day of congressional testimony, though he hinted that a rate cut could be considered if current pressures prove temporary. However, Wall Street's record highs helped limit sharper losses. On the geopolitical front, President Trump announced upcoming U.S.-Iran talks amid a tenuous ceasefire. In China, Premier Li Qiang...