The Hang Seng Index rose for the second day, climbing 0.7%, or 168.48 to 24,994.14 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.8%. China Petroleum & Chemical Corp. had the largest increase, rising 5.5%. Today, 58 of 85 shares rose, while 24 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. Source : Bloomberg
Stocks in Europe kicked off the week on a cautious tone, with the STOXX 50 losing about 0.2% and the STOXX 600 swinging around the flatline. Traders eagerly await US-China trade talks due to happen today in London, which marks another tentative step to ease trade tensions between the two countries. Meanwhile, data coming from China was mostly weak, with exports rising slightly less than expected and imports falling way more. On the corporate front, shares of SAP were down about 1%. Source: Trading Economics
Japan stocks were higher after the close on Monday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.88%. The best performers of the session on the Nikkei 225 were Otsuka Holdings Ltd (TYO:4578), which rose 5.27% or 357.00 points to trade at 7,135.00 at the close. Meanwhile, SoftBank Group Corp. (TYO:9984) added 4.98% or 367.00 points to end at 7,730.00 and Advantest Corp. (TYO:6857) was up 4.86% or 385.00 points to 8,314.00 in late trade. The worst performers of the session were M3 Inc (TYO:2413), which fell 4.20%...
Shares in Hong Kong surged 346 points, or 1.5%, to 24,138 during Monday morning trading, rebounding from losses in the prior session and hitting a 12-week high, with gains seen across all sectors. The rally was led by rare-earth and technology stocks as investors looked ahead to high-level U.S.-China trade talks. U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng are set to meet in London today in a bid to resolve ongoing trade tensions between the world's two largest economies. The talks follow a rare phone call last Thursday between Chinese President Xi Jinping and U.S....
Japanese stocks gained, boosted by stronger-than-expected US job and wage growth and a weaker yen against the dollar. Export-related sectors such as electronics, automobiles, shipping and materials, including glass, ceramics and non-ferrous metals, contributed to the increase. Financial stocks such as banking and insurance also advanced, supported by rising U.S. interest rates. Pharmaceutical stocks traded higher. The Topix Index rose 0.7% to 2,787.79 as of 9:18 a.m. Tokyo time, while the Nikkei advanced 1% to 38,122.27. Sony Group Corp. contributed the most to the...
Asian markets climbed Monday as investors awaited trade talks between the U.S. and China later in the day, following accusations between the two over breaching deal terms agreed in Geneva last month. Trade tensions are seemingly easing as China has reportedly granted temporary approvals for the export of rare earths, while jetliner Boeing Co has begun commercial jet deliveries to the Asian superpower. China is also slated to release a slew of data, including its consumer and wholesale inflation readings for May. Economists polled by Reuters expect consumer prices to have fallen by...