The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
(Hong Kong) The Hang Seng Index rose 73 points, or 0.33%, to 22,192. The China Enterprises Index gained 23 points, or 0.29%, to 8,100. The Tech Index increased 24 points, or 0.48%, to 5,112. Tech stocks showed mixed performance. Tencent rose 0.2%, Alibaba increased 1.4%, Meituan fell 0.5%, Xiaomi Group gained 1.1%, JD.com rose 0.6%, and Kuaishou remained unchanged. Financial stocks also showed mixed performance. HSBC Holdings fell 1.2%, with Group Chairman Mark Tucker set to retire before the end of the year. AIA Group rose 2.4%, China Ping An remained unchanged, and Hong Kong Exchanges and...
The Nikkei 225 Index jumped 1% to around 36,800 while the broader Topix Index gained 0.5% to 2,693 on Friday, with Japanese shares scaling one-month highs as investors dialed back expectations on further interest rate hikes from the Bank of Japan this year. The benchmark indexes are also on track to advance for the third consecutive week, recovering all the losses triggered by US President Donald Trump's April 2 announcement of his sweeping reciprocal tariffs. On Thursday, the BOJ kept its policy rate unchanged at 0.5% and slashed its growth and inflation forecasts, signaling a lower...
Asia-Pacific markets trade mixed, even as all three key benchmarks on Wall Street advanced overnight on optimism that a slowdown in the global economy will not impede the progress of developments in artificial intelligence. Australia's S&P/ASX 200 fell 0.12% at the open. Japan's benchmark Nikkei 225 added 0.99% while the broader Topix index advanced 0.62% in early trade. Over in South Korea, the Kospi index declined 0.54% while the small-cap Kosdaq was flat. Futures tied to Hong Kong's Hang Seng Index stood at 21,935, pointing to a weaker open compared to the HSI's last close of...
Stocks rose on Thursday after strong quarterly results from two Big Tech players eased concerns that advances in artificial intelligence would slow amid economic turmoil. The Dow Jones Industrial Average rose 83 points, or 0.2%. The S&P 500 gained 0.6%, near its level before President Donald Trump's "Liberation Day" tariff announcement in early April. The Nasdaq Composite rose more than 1%. Investor concerns that Trump's tariffs and a U.S. economic downturn would threaten AI trading eased after Meta Platforms posted stronger-than-expected first-quarter revenue, with Meta Chief...
Wall Street opened May on a strong note, with the S&P 500 rising 0.8%, the Dow Jones gaining 100 points, and the Nasdaq advancing 1.4%, supported by upbeat earnings from tech giants and optimism over global trade negotiations. Microsoft shares jumped 10% after the company projected stronger-than-expected growth for its Azure cloud business, while Meta gained over 6% on better-than-expected revenue. Meanwhile, General Motors climbed 1.5% after issuing a new 2025 profit forecast, while Eli Lilly lost 6% after its quarterly results and McDonald's slipped 2% following a decline in Q1...