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...
Hong Kong stock market ended lower on Monday with the benchmark Hang Seng Index down 0.41 percent to close at 19,150.99 points. The Hang Seng China Enterprises Index fell 0.36 percent to end at 6,862.2 points, and the Hang Seng Tech Index edged down 0.26 percent to 4,235.31 points. Source : CTX
The Shanghai Composite fell 0.11% to close at 3,264 while the Shenzhen Component lost 0.17% to 10,421 on Monday, hitting their lowest levels in over a month as the People's Bank of China decided to keep its one-year medium-term lending facility rate unchanged at 2%, offering no new catalyst for the market. Last week, Chinese stocks faced pressure due to growing concerns over the economy and skepticism about the effectiveness of stimulus measures. Additionally, downward earnings revisions from major Chinese companies dampened investor sentiment, while markets braced for the potential impact...
European equity markets were poised for a higher open on Monday, extending gains for a third consecutive session amid improving market sentiment. The rally followed US President-elect Donald Trump's nomination of hedge fund manager Scott Bessent as Treasury Secretary, which helped reduce market uncertainty. In Europe, investors are set to assess Germany's Ifo Business Climate Index for November, which will provide insights into economic conditions. On the corporate front, UniCredit has proposed acquiring domestic rival Banco BPM for approximately 10 billion euros, potentially creating...
The Nikkei 225 Index jumped 1.3% to close at 38,780 while the broader Topix Index gained 0.71% to 2,716 on Monday, with Japanese shares rising for the second straight session after coming under pressure over the past two weeks. Local shares also mirrored gains in US futures, as President-elect Donald Trump nominated hedge fund manager Scott Bessent for Treasury Secretary, removing a source of uncertainty for markets. Looking ahead, investors are focused on Tokyo's inflation figures, due for release this week, as they are seen as a leading indicator of nationwide price trends. Technology...
Hong Kong stocks rose 21 points, or 0.12%, to 19,258 on Monday morning (11/25) after falling in the previous two sessions, mainly supported by gains in the financial sector. The market is trying to recover from a near two-month low after China's central bank kept the interest rate on its one-year medium-term lending facility unchanged at 2% for a second straight month following a record 30bps cut in September. Meanwhile, U.S. stock futures jumped as concerns over Donald Trump's impact on other countries' economies eased after the president-elect named Scott Bessent as Finance Minister....