The Hang Seng climbed 233 points, or 0.9%, to close at 26,855 on Tuesday, reversing early losses to hit a two-week high on broad-based gains. The index jumped 7% in September, its fifth straight monthly advance, and posted a third quarterly gain of 11.6%, fueled by AI optimism, strong inflows, and bets of fresh policy support from Beijing ahead of the October plenum. Still, upside was capped by U.S. political uncertainty, with Vice President Vance warning the government was "headed to a shutdown" amid stalled budget talks. Profit-taking also weighed as traders braced for China's week-long...
The Hang Seng Index opened up 145 points, or 0.57%, reaching 25,489 points. The National Enterprises Index gained 52 points, also up 0.57%, to stand at 9,102 points, while the Technology Index increased by 41 points, or 0.73%, to 5,725 points. Technology stocks performed well, with Tencent rising by 1%, Alibaba by 0.1%, Meituan by 0.3%, Xiaomi by 0.7%, JD.com by 1.6%, and Kuaishou by 1%. Financial stocks also supported the market, with HSBC Holdings up 0.8%, AIA Insurance increasing by 0.3%, China Ping An rising by 1%, and Hong Kong Exchanges and Clearing up by 0.3%. Source: DimsumDaily
Asia-Pacific markets rose Thursday following a tech rally overnight on Wall Street that lifted the S&P 500 and Nasdaq Composite, even as growing fears around the economy weighed on equities. Japan's benchmark Nikkei 225 rose 0.57% in early trading, while the Topix index increased 0.41%. Over in Australia, the S&P/ASX 200 benchmark climbed 0.67%. Meanwhile, South Korea's Kospi index traded 0.45% higher and the small-cap Kosdaq added 0.84%. Futures for Hong Kong's Hang Seng index stood at 25,332, slightly lower than its last close of 25,343.43. Australia is set to release its...
Japanese stocks are trading higher, supported by positive overnight cues from the U.S. and a decline in Treasury yields. The Nikkei Stock Average is up 0.9% at 42308.62, helped by technology and financial stocks. Mitsubishi UFJ Financial is 1.1% higher, while Sumitomo Mitsui Financial and Mizuho Financial are trading up 0.7% each. Semiconductor Equipment & Materials Makers are higher with Advantest adding 2.2% and Tokyo Electron 0.4%. USD/JPY is down 0.5% at 148.06. Source: Bloomberg
Wall Street ended mixed on Wednesday as tech strength offset broader market weakness, with investors weighing a favorable antitrust ruling for Google against signs of labor market softening. The S&P 500 gained 0.5% and the Nasdaq rose 1%, supported by a 9.1% surge in Alphabet shares after a judge allowed the company to keep Chrome and maintain its lucrative search deal with Apple, easing fears of a forced breakup. Apple stock rose 3.8%, helping boost confidence in Big Tech's resilience despite regulatory pressures. Conversely, the Dow fell 24 points as weakness in financials and energy...
U.S. President Donald Trump said on Wednesday he plans to hold talks about the war in Ukraine in coming days after his Alaska summit with Russian President Vladimir Putin in August failed to achieve a breakthrough. Trump has been frustrated at his inability to get a halt to the fighting, which began with Russia's invasion of Ukraine in February 2022, after he initially predicted he would be able to end the war swiftly when he took office last January. Trump said he would be holding talks in the next few days. A White House official said Trump is expected to speak on the phone on Thursday...