The Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
The Nikkei 225 fell 214 points or 0.6% to close at 37,315 on Wednesday, following small gains in the previous session. Meanwhile, the broader Topix index slipped 0.3%, giving up early gains. These declines followed fresh trade data showing Japan's exports grew at the slowest pace in seven months in April, as rising U.S. tariffs began to weigh. Exports to the U.S. fell for the first time in four months, driven by weaker demand for automobiles, steel, and ships. According to the Nikkei newspaper, lead trade negotiator Ryosei Akazawa is set to visit the U.S. on Friday for a third round of...
Hong Kong stocks rose 124 points or 0.5% to a seven-week high of 23,806 in early trade Wednesday, extending gains from the previous session as most sectors advanced. Sentiment continued to be supported by China's central bank cutting key lending rates for the first time in seven months to support growth and ease trade-related risks. Major state banks in the mainland also lowered deposit rates to relieve pressure from narrowing interest margins. However, gains were somewhat limited by a rise in the city's jobless rate to 3.4% in the three months ending April its highest in over two years...
The Nikkei 225 slipped 76 points or 0.2% to 37,454 in Wednesday's morning session, retreating from a modest gain the previous day as investors digested Japan's latest trade figures. Exports rose 2.0% year-on-year in April, marking the slowest growth in seven months amid mounting pressure from rising U.S. tariffs. Meanwhile, imports fell less than expected, reflecting Tokyo's efforts to support domestic demand in the face of trade uncertainty. Japan's chief trade negotiator, Ryosei Akazawa, reaffirmed the country's demand for the removal of U.S. tariffs, with the third round of trade talks...
Asia-Pacific markets traded mostly higher Wednesday after Wall Street halted its six-day win streak. Japan's benchmark Nikkei 225 slipped 0.23% after the country reported that exports slowed for a second straight month as the country reels under U.S. President Donald Trump's sweeping tariffs. South Korea's Kospi limbed 0.58% while the small-cap Kosdaq traded 0.95% higher. Australia's benchmark S&P/ASX 200 climbed 0.43%. Hong Kong's Hang Seng index rose 0.45% at the open, while mainland China's CSI 300 traded flat. The Bank of Indonesia is also slated to release its policy decision...
U.S. stocks fell in afternoon trading, with the S&P 500 down 0.8% and on track to snap a six-day winning streak. The Nasdaq fell 0.9%, while the Dow Jones Industrial Average dropped 250 points. The declines followed a recent rally fueled by easing trade tensions and investor optimism about President Trump's proposed tax and tariff policies. However, growing concerns that investor relief over easing inflation and trade progress may be premature weighed on sentiment. A selloff in big tech companies dragged the market lower, with Alphabet down during the Google I/O event and additional...