Hong Kong stocks rose modestly on Tuesday, as investors positioned ahead of the Politburo meeting in China that could set the economic tone for the rest of the year, while sentiment remained upbeat following the launch of the world's largest hydropower dam project on the eastern rim of the Tibetan Plateau. The Hang Seng Index gained 135.89 points, or 0.5%, to close at 25,130.03, while the Hang Seng China Enterprises Index (HSCEI) added 35.40 points, or 0.4%, to 9,075.60. Focus is now on the upcoming Politburo meeting, convened by Chinese President Xi Jinping later this month, which could...
The best performers of the session on the Nikkei 225 were Kao Corp. (TYO:4452), which rose 4.13% or 260.00 points to trade at 6,562.00 at the close. Meanwhile, M3 Inc (TYO:2413) added 4.05% or 57.00 points to end at 1,465.50 and Sapporo Holdings Ltd. (TYO:2501) was up 3.37% or 282.00 points to 8,639.00 in late trade. The worst performers of the session were Fujikura Ltd. (TYO:5803), which fell 6.76% or 381.00 points to trade at 5,259.00 at the close. Lasertec Corp (TYO:6920) declined 5.49% or 970.00 points to end at 16,705.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) was down 5.39% or...
The Hang Seng Index advanced slightly to 19,159.20 in Hong Kong. The move follows the previous session's decrease of 0.4%. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.7%. Baidu Inc. had the largest increase, rising 4.2%. Today, 35 of 82 shares rose, while 44 fell; 2 of 4 sectors were higher, led by finance stocks. Source : Bloomberg
European equity markets were poised to open sharply lower on Tuesday, as global sentiment soured following US President-elect Donald Trump's vow to raise tariffs on China, Mexico, and Canada, fueling concerns over escalating global trade tensions. Regional markets have faced pressure since Trump's election, with fears that his administration could target European economies and companies with additional tariffs. Meanwhile, there are no major economic or earnings reports scheduled in Europe for today. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures were both down around...
The Shanghai Composite rose 0.6% to above 3,280 while the Shenzhen Component gained 0.1% to 10,430 on Tuesday, with mainland stocks recovering losses from the previous session amid hopes that Beijing would implement more stimulus measures to support economic growth and mitigate the impact of escalating US tariffs. However, sentiment remained cautious as US President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese goods entering the US. Notable performers included East Money Information (+1.5%), Guangdong Dongfang (+2.3%), Zhejiang Jinke (+4.6%),...
The Nikkei 225 Index fell 1.7% to drop below 38,200, while the broader Topix Index declined 1.2% to 2,684 on Tuesday, reversing two days of gains as global sentiment soured. The downturn followed US President-elect Donald Trump's announcement of a 10% additional tariff on all Chinese goods and a 25% tariff on imports from Mexico and Canada, raising concerns over global trade tensions. Japan, with its heavy reliance on exports to China, remains vulnerable to fluctuations in China's economic activity. Domestically, investors are also focused on Tokyo's upcoming inflation data, which is seen...