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...
Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears eruptA three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview. The S&P 500 shed 2.7%, touching its lowest level since September at one point and closing at 5,614.56. The tech-heavy Nasdaq Composite saw the sharpest decline of the major averages, falling 4% for its worst session since September 2022 and closing at 17,468.33. The Dow...
Stocks plunged on Monday as the selloff that dragged down Wall Street last week continued, with investors worried about an economic slowdown after President Donald Trump did not rule out a recession with U.S. tariffs. The Dow Jones Industrial Average fell 423 points, or 1%. The S&P 500 fell 2.1%, and the Nasdaq Composite dropped 3.4%. The tech-heavy Nasdaq was weighed down by declines in the "Magnificent Seven." Tesla fell 8%, Alphabet fell 4%, and MetaTrader 4 and AI darling Nvidia fell 5%. Stocks have been under pressure as investors worry about a possible recession because of the...
The Hang Seng plunged 448 points, or 1.9%, to close at 23,784 on Monday, falling for a second session as U.S. futures fell amid concerns over an economic slowdown. Worries have been heightened by fresh levies on major trading partners, rising U.S. unemployment and federal layoffs. Sentiment has been further dampened by deflationary pressures in China, with consumer prices posting their sharpest decline in 13 months in February and producer prices extending their decline to 29 months. On the trade front, tensions have been rising as China plans retaliatory tariffs on Canadian farm...
European markets started the new trading week on a positive note after recent global market uncertainty and volatility. The pan-European Stoxx 600 moved 0.2% higher shortly after the opening bell on Monday (3/10), with most sectors and all major bourses in positive territory. Germany's Dax and France's CAC 40 both rose around 0.4%. Regional markets closed in negative territory on Friday, ending a volatile week marked by indecisive policy on US tariffs, the latest interest rate cut from the European Central Bank, and key US jobs data showing nonfarm payrolls rose by less than expected by...
Japan stocks were higher after the close on Monday, as gains in the Power, Rubber and Chemical, Petroleum & Plastic sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.34%. The best performers of the session on the Nikkei 225 were Lasertec Corp (TYO:6920), which rose 9.98% or 1,380.00 points to trade at 15,210.00 at the close. Meanwhile, SMC Corp (TYO:6273) added 6.82% or 3,750.00 points to end at 58,750.00 and Oriental Land Co Ltd (TYO:4661) was up 5.54% or 172.00 points to 3,277.00 in late trade. The worst performers of the session were Mitsubishi Heavy...