The Hang Seng climbed 233 points, or 0.9%, to close at 26,855 on Tuesday, reversing early losses to hit a two-week high on broad-based gains. The index jumped 7% in September, its fifth straight monthly advance, and posted a third quarterly gain of 11.6%, fueled by AI optimism, strong inflows, and bets of fresh policy support from Beijing ahead of the October plenum. Still, upside was capped by U.S. political uncertainty, with Vice President Vance warning the government was "headed to a shutdown" amid stalled budget talks. Profit-taking also weighed as traders braced for China's week-long...
The Hang Seng Index fell 54 points, or 0.2%, to close at 25,123 on Tuesday (August 19), marking its fourth session of declines and its lowest close in nearly three weeks. Investors remained cautious ahead of the PBoC's monthly benchmark lending rate review due on Wednesday. Weakening US index futures also added to risk-off sentiment ahead of the Jackson Hole meeting later this week. Meanwhile, the latest data showed China's youth unemployment rate jumped to 17.8% in July from 14.5% in June, the highest since August 2024. The broader unemployment rate also rose to a four-month high of...
European stocks edged higher on Tuesday as global markets reacted positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday. The pan-European Stoxx 600 was 0.1% higher by 8:11 a.m. in London (3:11 a.m. ET), with most sectors in positive territory. Defense stocks were among the worst performers in the index during early trade, as investors digested the news of talks in Washington. The Stoxx Europe Aerospace and Defense index was last seen trading 0.4% lower. German tank parts...
Japanese stocks fell on Tuesday as investors awaited a key central bankers' meeting and assessed positive diplomatic signals on a possible end to the Russia-Ukraine conflict. The Nikkei 225 dipped 0.38%, or 168.02 points, to end at 43,546.29. Ukrainian President Volodymyr Zelenskiy said security guarantees could be finalized within 10 days following talks with U.S. President Donald Trump and European leaders. The comments came after Trump's meeting with NATO partners and his call with Russian President Vladimir Putin to arrange further talks. Investors are also focused on the Fed's...
The Hang Seng Index opened 64 points higher, or 0.25 per cent, at 25,241 points yesterday. Meanwhile, the China Enterprises Index rose 20 points, or 0.22 per cent, to 9,054 points, and the Technology Index gained 13 points, or 0.23 per cent, to close at 5,592 points. Technology stocks showed mixed results: Tencent rose 0.1 per cent, Alibaba slipped 0.1 per cent, and Meituan edged up by 0.1 per cent. Xiaomi Group climbed 0.8 per cent ahead of its earnings report, JD.com rose 0.2 per cent, while Kuaishou remained unchanged. Financial stocks remained steady, with HSBC Holdings climbing 0.5...
Asia-Pacific markets mostly fell Tuesday as investors await the outcome of the talks between U.S. President Donald Trump, Ukraine's President Volodymyr Zelenskyy and European leaders at the White House. Japan's Nikkei 225 benchmark ticked up 0.1%, after closing at a record high in its previous session, while the broader Topix index was flat. In South Korea, the Kospi index fell 0.2% in early trade, while the small-cap Kosdaq declined by 0.33%. Australia's S&P/ASX 200 dropped 0.61% at the open. Futures for Hong Kong's Hang Seng index stood at 25,230, pointing to a stronger open...