Hong Kong stocks opened higher on Tuesday, following Wall Street's rally, amid hopes of fresh stimulus after a report showed China's manufacturing activity remained weak. The Hang Seng Index rose 0.4% to 26,736.44, while Hang Seng Tech added 1%. Technology and e-commerce stocks led the gains, with Alibaba surging nearly 2%, JD.com rising 0.8%, and Semiconductor Manufacturing International surging 3.7%. Meanwhile, Baidu and Trip.com shares weakened, while New Oriental plunged nearly 2%. Official data showed China's manufacturing PMI in September stood at 49.8, marking the sixth consecutive...
The S&P 500 rose Thursday in choppy trading as investors poured into stocks poised to benefit from a booming economy, and shook off a decline in technology stocks led by Nvidia. The Dow Jones Industrial Average added 370 points, or 0.8%. The S&P 500 added 0.2%, and the Nasdaq pulled back 0.4%. The market gains were led by companies that would benefit from a accelerating economy, despite the overarching focus on market bellwether Nvidia's earnings report after the bell Wednesday. Some of Thursday's winners included bank stocks like JPMorgan and Goldman Sachs and retailer Home...
European stocks inched higher Thursday afternoon as investors focused on earnings and economic data amid weak global market sentiment. The pan-European Stoxx 600 was up 0.08% by 3:30 p.m. London time, as sectors and major bourses diverged. Insurance stocks led gains, up 1.07%, while retail dipped 0.37%. Shares of British sports retailer JD Sports fell more than 16% after it warned that its annual profits would come in at the lower end of its guidance following a difficult October and subdued consumer spending. Market sentiment was knocked overnight as investors parsed the all-important...
Stocks rose Thursday as investors bought the dip in Nvidia shares that followed its earnings Wednesday night. The Dow Jones Industrial Average rose 113 points, or 0.3%. The S&P 500 climbed 0.4%, and the Nasdaq Composite also advanced 0.4%. Nvidia reported better-than-expected third-quarter results and issued strong guidance Wednesday after the bell. But shares of the AI-chip juggernaut, which are already up more than 190% this year, initially fell in response during the premarket. Some traders cited the chipmaker's slowing revenue growth from previous quarters as cause for concern. Or...
Europe's main stock indexes fell on Thursday, as sluggish market sentiment with geopolitical tensions boosting some safe-haven demand, while chip stocks were the biggest drag after sector forecaster Nvidia forecast disappointing earnings. The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, heading for a fifth straight session of losses amid uncertainty over the escalating Ukraine-Russia conflict and the possible domestic fallout from a U.S. President Donald Trump victory Safe-haven bids for gold and the Swiss franc rose, while the dollar weakened on anticipation of more...
In Tokyo, the Nikkei 225 Index decreased 282 points or 0.74 percent on Thursday. Losses were driven by IHI (-3.83%), Mitsui Engineering & Shipbuilding (-3.59%) and East Japan Railway (-3.52%). Biggest rises came from Tokyo Gas (4.96%), M3 (4.40%) and Taiheiyo Cement (4.16%). Source: trading Economics