The Hong Kong stock market opened on a positive note today (22 July), with the Hang Seng Index rising by 30 points, or 0.12%, to 25,024 points. The China Enterprises Index gained 11 points, or 0.13%, to 9,051 points, while the Technology Index increased by 4 points, or 0.08%, to 5,589 points. Among financial stocks, HSBC Holdings rose by 0.81% to HK$99.25, Ping An Insurance recorded a slight increase of 0.09%, and Hong Kong Exchanges and Clearing edged up by 0.14%. However, AIA Group saw a decline of 0.58%. Major tech stocks showed mixed performances. Xiaomi Group advanced by 0.26%,...
The Nikkei stock index on Monday expanded 19 percent from a year earlier, ending at its highest level on record on the back of solid company earnings and a weaker yen boosting export-oriented issues. Stocks fell on the final trading day of the year, however, with the 225-issue Nikkei Stock Average ending down 386.62 points, or 0.96 percent, from Friday at 39,894.54. The broader Topix index finished 16.76 points, or 0.60 percent, lower at 2,784.92. Japanese financial markets will be closed from Tuesday through Sunday for the New Year holidays. Source : mainichi.jp
The Hang Seng Index opened 0.1% lower, dropping 21.74 to 20,068.72, as stocks lose for the second straight day in Hong Kong. Meituan contributed the most to the index decline, decreasing 0.7%. Lenovo Group Ltd. had the largest drop, falling 3.0%. In early trading, 43 of 83 shares fell, while 35 rose; 2 of 4 sectors were lower, led by commerce and industry stocks. Source : Bloomberg
Japanese stocks fluctuate between gains and losses on the last trading session of the year in Tokyo as higher US yields supported banks, while a slump on Wall Street weighed on exporters. Topix rose 0.1% to 2,803.91 as of 9:30 a.m. Tokyo time Nikkei 225 declined 0.3% to 40,141.08 Mitsubishi UFJ Financial Group contributed the most to the Topix's gain, increasing 1.4%. Out of 2,124 stocks in the benchmark index, 1,231 rose and 730 fell, while 163 were unchanged. "US stocks are falling, led by technology stocks, due to profit-taking after the large annual gains and the...
Dow drops 500 points, Big Tech stocks drag Nasdaq down 2%Stocks declined on Friday, led by technology names, with the Dow Jones Industrial Average erasing earlier gains in the holiday-shortened week. The blue-chip Dow shed more than 500 points, falling for the first time in six sessions. The S&P 500 fell 1.6% with all 11 sectors in the red. The Nasdaq Composite slid 2.2% as Tesla dropped 5%, and Nvidia declined more than 3%. Amazon, Microsoft and Alphabet each fell at least 2%. With Friday's sell-off, the Dow turned negative on the week, while the tech-heavy Nasdaq sat near flat. The...
US stocks pulled back on Friday as markets assessed how the corporate sector will fare against a longer period of high interest rates and potential tariffs against the EU and China. The S&P 500 and the Dow were each 0.7% lower and the Nasdaq 100 lost nearly 1%, tracking another session of sharp selling for US Treasuries. The Magnificent 7 continued to trade in volatile fashion as Meta, Amazon, and Tesla lost between 2% and 0.7%. The view of a resilient US economy added to the fallout of hawkish projections by the FOMC as rate futures showed that a large portion of the market only sees...