Hong Kong stocks rose modestly on Tuesday, as investors positioned ahead of the Politburo meeting in China that could set the economic tone for the rest of the year, while sentiment remained upbeat following the launch of the world's largest hydropower dam project on the eastern rim of the Tibetan Plateau. The Hang Seng Index gained 135.89 points, or 0.5%, to close at 25,130.03, while the Hang Seng China Enterprises Index (HSCEI) added 35.40 points, or 0.4%, to 9,075.60. Focus is now on the upcoming Politburo meeting, convened by Chinese President Xi Jinping later this month, which could...
Hong Kong stocks plunged 113 points, or 0.6%, to 19,576 during the session on Tuesday (1/7), declining for a second day. The decline was driven mainly by the consumer and technology sectors, with Tencent Holdings plunging nearly 5% after being blacklisted by the U.S., along with CATL Co., over alleged ties to the Chinese military. The move comes just weeks before Donald Trump takes office. Limiting further losses, Wall Street posted back-to-back gains overnight, with the S&P 500 and Nasdaq gaining as technology stocks surged. Meanwhile, Reuters reported that Chinese authorities have...
The Nikkei 225 jumped 1.6% to surpass 39,900, while the broader Topix index gained 0.7% to reach 2,776 on Tuesday. The rally helped recover losses from the previous session, as Japanese markets took cues from a strong performance by Wall Street. Overnight, the S&P 500 and Nasdaq Composite surged, driven by solid gains in technology stocks following Foxconn's upbeat fourth-quarter results. A report suggesting the incoming Trump administration may adopt a less aggressive tariff policy also helped lift global market sentiment. In Japan, investors awaited local wage data this week, which...
US stock futures rose slightly on Tuesday (1/7), continuing momentum from strong performances by the S&P 500 and Nasdaq Composite on Monday, which posted a second straight day of gains. driven by a surge in technology stocks. In Monday's regular session, the S&P 500 rose 0.55%, and the Nasdaq gained 1.24%, while the Dow fell 0.06%. The rally was largely driven by a surge in semiconductor stocks after Foxconn reported record revenue and a positive outlook. Nvidia shares jumped 3.4%, hitting a record close, while Micron Technology jumped 10.5%. In other news, Disney revealed plans to...
Asia-Pacific markets were set for gains on Tuesday, following a tech rally on Wall Street that saw the S&P 500 and Nasdaq Composite post back-to-back gains. Global semiconductor stocks, including heavyweight Nvidia, rose after contract electronics giant Foxconn reported record-breaking fourth-quarter earnings. Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company rose to a record high in the session, and may have more room to rise as overnight tech optimism spills over. Japan's Nikkei 225 was set for a rebound after leading losses in Asia, with futures in Chicago at 39,870...
The S&P 500 and the Nasdaq Composite rose on Monday, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected. According to preliminary data, the S&P 500 (.SPX), gained 32.96 points, or 0.56%, to end at 5,975.98 points, while the Nasdaq Composite(.IXIC), gained 243.30 points, or 1.24%, to 19,864.98. The Dow Jones Industrial Average (.DJI), fell 22.40 points, or 0.05%, to 42,709.73. Most of the 11 S&P 500 sectors ended lower, but communication services (.SPLRCL), and...