Hong Kong stocks fell 144 points, or 0.6%, to 24,936 in early trading on Friday, ending a four-day winning streak amid widespread weakness. Caution prevails ahead of China's July CPI and PPI data due Saturday, with consumer prices expected to ease slightly and producer deflation likely to persist amid ongoing trade risks. On the domestic front, Hong Kong's foreign exchange reserves fell to a three-month low of USD 425.4 billion in July. Semiconductor Manufacturing shares plunged 4.7% after missing second-quarter profit estimates, while MGM China (-4.3%), Kingdee Intl. Software (-4.2%), SITC...
The Nikkei 225 Index surged 1.2% to above 37,400, while the broader Topix Index also gained 1.2% to 2,748 on Monday, with both benchmarks reaching their highest levels in over a week amid a broad market advance. Japanese shares mirrored a relief rally on Wall Street from Friday, as investors continued to assess evolving trade policies and broader economic uncertainties in the US. Market sentiment also received a boost after China unveiled a special action plan over the weekend, introducing measures to increase wages and stabilize stock and real estate markets. Leading the gains were index...
tocks rallied Friday, clawing back some of the steep losses seen over the week, as investors got a reprieve from tariff-related headlines. The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, and the Nasdaq Composite advanced 2.61% to settle at 17,754.09. It was the best day in 2025 for both the S&P 500 and the Nasdaq. Big tech shares that were rattled earlier this week saw a sharp recovery on Friday. Nvidia shares popped more than 5%. Tesla jumped nearly 4%, and Meta Platforms gained close to 3%. Amazon...
Stocks rallied Friday but remained on track for a sharp weekly decline as volatility continued to spread through Wall Street. The Dow Jones Industrial Average was trading 501 points higher, or 1.2%. The S&P 500 was up 1.6%, and the Nasdaq Composite was up 2.1%. Nvidia shares jumped more than 4%. Tesla and Meta Platforms rose more than 1% along with Netflix, Amazon and Apple. Sentiment on Wall Street got a boost Friday as it appeared a government shutdown was averted. Senate Minority Leader Chuck Schumer, D-N.Y., said he would not block a Republican government funding bill. However,...
The Hang Seng Index rose 2.1% to 23,959.98 in Hong Kong, the biggest gain since a 3.3% gain on March 6 and following a 0.6% decline in the previous session. Meituan contributed the most to the index's gain, rising 5.4%. Wuxi Biologics Cayman Inc. was the biggest gainer, rising 14.4%. On the day, 65 of 83 stocks rose, while 18 fell; three of four sectors rose, led by trade and industrial stocks. Source: Bloomberg
The Hang Seng jumped 497 points, or 2.1%, to close at 23,960 on Friday, ending a five-session losing streak as U.S. index futures rose on signs of potential U.S. government shutdown resistance. Hopes for fresh stimulus to boost China's domestic consumption also supported sentiment, with investors eyeing a key briefing next week by Beijing's top planning agency. Adding to optimism, the northern Chinese city of Hohhot announced large cash incentives to boost births. However, the index fell 1.1% for the week, reversing earlier gains as caution prevailed ahead of key Chinese economic data due...