Equities in Hong Kong rose 96 points or 0.4% to 24,9 on Monday morning deals, extending gains from the previous session as traders reacted to the PBoC's decision to keep its one-year and five-year loan prime rates at record lows, in line with expectations. The Hang Seng index reached its highest level since early 2022, lifted by broad-based sector gains and a modest uptick in U.S. futures amid optimism over global trade. U.S. Commerce Secretary Howard Lutnick expressed confidence on Sunday that a deal with the EU could be reached before the August 1 deadline, though talks may continue...
The S&P 500 rose to new heights on Friday amid a shortened trading day that will cap a strong month for equities. The broad S&P 500 added 0.7% and hit a fresh intraday high, while the Nasdaq Composite jumped 0.9%.The Dow Jones Industrial Averageclimbed 336 points, or 0.8%, on track for its first-ever close above 45,000. Some of the upward momentum came from chip stocks, which popped after Bloomberg reported that the Biden administration was considering additional barriers on the sale of semiconductor equipment to China that weren't as strong as previously expected. Lam Research...
Hong Kong stock market ended higher on Friday with the benchmark Hang Seng Index up 0.29 percent to close at 19,423.61 points. The Hang Seng China Enterprises Index rose 0.32 percent to end at 6,946.68 points, and the Hang Seng Tech Index climbed 1.06 percent to end at 4,353.55 points. Source : CTX
Japanese stocks fell after the close on Friday, as losses in the Shipbuilding, Precision Instruments and Retail sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.52%. The best performers on the Nikkei 225 were Chiba Bank Ltd (TYO:8331), which rose 4.21% or 50.50 points to trade at 1,250.50 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) gained 3.62% or 215.00 points to close at 6,155.00 and Dai-ichi Life Holdings Inc (TYO:8750) gained 3.53% or 138.00 points to 4,051.00 in late trade. The worst performers were Nissan Motor Co., Ltd. (TYO:7201),...
European equity markets were poised to open slightly lower on Friday as investors braced for Eurozone inflation data, which could influence the European Central Bank's interest rate decision in December. Traders will also be looking at preliminary inflation figures for France and Italy, as well as retail sales data for Germany. Meanwhile, there are no major earnings releases scheduled for today. In premarket trading, Euro Stoxx 50 futures dropped 0.2%, while Stoxx 600 futures slipped 0.1%.European equity markets were poised to open slightly lower on Friday as investors braced for Eurozone...
Hong Kong stocks fell 42 points, or 0.2%, to 19,328 on Friday morning, down for a second session amid continued caution ahead of China's official November PMI figures due later this week. The Hang Seng is on track for a second straight monthly decline, down nearly 5% so far, weighed down by growing concerns over the impact of Sino-U.S. trade tensions from the current and incoming administrations. A decline in financial stocks dragged on the index, amid uncertainty over whether Beijing will introduce new policy measures to support the Chinese economy as the year ends. Source: Trading...