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 rose 142 points, or 0.7%, to 20,067 on Tuesday (21/1), marking a sixth session of gains while holding at a three-week high. The bullish momentum emerged after Donald Trump did not target China in his inauguration speech on Monday, nor did he immediately impose previously threatened tariffs. Meanwhile, Chinese President Xi Jinping urged policymakers to adopt more proactive macroeconomic policies this year to maintain growth momentum. The property sector led the gains, with struggling Country Garden shares surging nearly 20% after resuming trading after a nine-month...
The Nikkei 225 index rose 0.5%, above 39,000, while the broader Topix index gained 0.35%, reaching 2,720 on Tuesday, extending gains from the previous session. The rally followed U.S. President Donald Trump's decision not to impose new tariffs on his first day in office, easing concerns for Japanese exporters. However, investors remained cautious ahead of the Bank of Japan's upcoming monetary policy decision this week, as BOJ officials have hinted at a potential interest rate hike. The move would raise Japan's short-term borrowing costs to 0.5%, the highest level since the 2008 global...
Asia-Pacific markets are expected to strengthen on Tuesday (21/1), as investors await further clarity on policies that US President Donald Trump will announce after his inauguration. In Japan, the benchmark Nikkei 225 index started the day up 0.52%, while the Topix rose 0.33%. Meanwhile, South Korea's Kospi started trading 0.97% higher, while the Kosdaq gained 0.62%. Australia's S&P/ASX 200 led gains in Asia, up 1.2%. Futures for Hong Kong's Hang Seng index were last trading at 20,278, indicating a stronger open compared with the HSI's close of 19,925.81. The index hit its highest...
Donald Trump has been inaugurated as the 47th president of the United States. The swearing-in ceremony was conducted by Chief Justice John Roberts. Alongside him, JD Vance took the oath of vice presidency, administered by Justice Brett Kavanaugh. In his inauguration speech, President Trump promised the beginning of a golden era for America. He is set to initiate a series of executive actions, as per incoming White House officials. These potentially include the commencement of a process to terminate birthright citizenship and the declaration of a national emergency on the US-Mexico border....
The STOXX 50 gained 0.6% and the STOXX 600 added 0.3% on Monday, rebounding from early losses, after the WSJ reported that US President will ask federal agencies to study trade with China and America's continental neighbours, but stop short of imposing new tariffs on his first day in office. The news offered some momentarily relief to markets that were expecting some tariffs announced on the Inauguration day. Traders were also awaiting for any insights from Trump's speech and potential executive orders. Attention also shifts to the World Economic Forum kicking off in Davos, Switzerland. On...