The Hang Seng Index weakened 38 points, or 0.15%, to close at 25,524 on Tuesday (July 29th), reversing gains from the previous session as most sectors declined. Traders are increasingly cautious about the potential negative impact of the US-EU trade deal, including its implications for growth and inflation. Meanwhile, President Trump raised global tariffs by 15% to 20% for non-negotiating partners, a level not seen since the Great Depression. Profit-taking also weighed after benchmark indexes in Hong Kong and China recently hit multi-year highs. However, the benchmark indexes pared earlier...
(Hong Kong) The Hang Seng Index opened strong, climbing 170 points or 0.77% to 22,080. Meanwhile, the China Enterprises Index rose 61 points or 0.75% to 8,117, and the Technology Index gained 62 points or 1.24% to reach 5,037. Tech stocks showed broad improvement. Tencent advanced by 1.9%, Alibaba increased by 2.1%, and Kuaishou rose 1.2%. However, Meituan lagged behind, declining by 1.1%. Xiaomi Group and JD.com recorded modest gains of 0.7% and 0.4%, respectively.The auto sector saw mixed performance. NIO surged by 6.2%, leading the pack, while XPeng Motors rose 2.2% and Li Auto gained...
The Nikkei 225 surged 1.6% to above 35,600, while the broader Topix Index gained 1.3% to 2,626 on Friday, with Japanese shares rising for the third straight session following a tech-led rally on Wall Street overnight. Investors also continued to monitor trade developments after President Trump claimed tariff talks with China were ongoing, despite Beijing's denial of any current negotiations. Meanwhile, fresh data showed Tokyo's core inflation jumped to a two-year high of 3.4% in April, complicating the Bank of Japan's efforts to navigate rising prices alongside mounting pressure from U.S....
Asia-Pacific markets rose after Wall Street gained for a third straight day as tech stocks rallied, with investors assessing the trade climate as the U.S. tones down tariff rhetoric. Japan's benchmark Nikkei 225 rose 0.91% and the Topix added 0.88%. South Korea's Kospi climbed 1.03% while the small-cap Kosdaq rose 0.6% as South Korea reportedly inches closer to striking a trade deal with the U.S. Hong Kong's Hang Seng index opened 0.75% higher while mainland China's CSI 300 inched up 0.3%. Australian markets are closed for a holiday.Futures linked to the S&P 500 were 0.3% higher,...
Stocks surged on Thursday, helped by strong gains in large-cap technology stocks, as investors continued to look for signs of progress on the global trade front. The S&P 500 ended up 2.03% at 5,484.77, while the tech-heavy Nasdaq Composite gained 2.74% to end at 17,166.04. The Dow Jones Industrial Average lagged the other two indexes, weighed down by a 6.6% drop in IBM, but still rose 486.83 points, or 1.23%, to 40,093.40. It marked the blue-chip index's first close above the 40,000 threshold since April 15. Nvidia, MetaTrader, Amazon, Tesla and Microsoft all closed higher, pushing the...
European stocks erased early losses and closed higher on Thursday (4/24) for a third straight day of gains, benefiting from a positive session on Wall Street as investors continued to assess the outlook for European companies amid potential U.S. trade restrictions. The eurozone STOXX 5o gained 0.3% to close at 5,115 and the pan-European STOXX gained 0.5% to close at 519. Rhetoric from White House officials continued to suggest that President Trump was more open to reaching a trade deal with China and avoiding a full-blown trade war with China, adding to the appeal of riskier assets around...