The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
Stocks in the US were lower on Wednesday, with the S&P 500 falling 0.9%, the Nasdaq tumbling 1.4% and the Dow Jones falling more than 240 points. Investors remained on edge ahead of President Trump's upcoming tariff announcement. Reports suggested he is considering a universal 20% tariff on most imports, though uncertainty persists regarding the scale and scope of the levies. The White House has stated that the tariffs would take immediate effect but noted that Trump remains open to further negotiations. Meanwhile, the ADP report showed a surprise 155K gain in private sector employment...
The Hang Seng closed almost flat at 23,202 on Wednesday, following modest gains in the prior session, as strength in tech and financials were offset by weakness in property and consumers. Traders awaited President Trump's announcement on new reciprocal tariffs later today. The new duties are set to take effect immediately, the White House said, while a separate 25% tariff on auto imports will be enforced from April 3. On the geopolitical front, China conducted a second day of military drills around Taiwan on Wednesday, rattling market sentiment. At the same time, upbeat manufacturing data...
European markets opened lower Wednesday as global traders brace themselves for a raft of fresh trade tariffs due to be announced by U.S. President Donald Trump's administration. After rebounding Tuesday, the regional Stoxx 600 index was back in the red early Wednesday, down 0.23% shortly after the open. Most sectors notched declines, though travel and oil and gas stocks posted slight gains. Investors are concerned that the White House could be erring toward more punitive import duties after Trump said earlier this week that his "reciprocal tariffs" plan will target "all countries" when...
The Nikkei 225 fell 0.3% to around 35,520, while the broader Topix Index dropped 0.9% to 2,637 on Wednesday, extending this week's selloff as investors geared up for the implementation of US President Donald Trump's reciprocal tariffs. Trump is also set to impose levies on car imports, affecting a key export industry in Japan. Data earlier this week showed that business sentiment in Japan weakened for the first quarter amid mounting concerns over the potential effects of US tariffs on Japan's export-driven economy. Investors now await household spending data on Friday for further economic...
Hong Kong stocks fell 52 points or 0.2% to 23,161 in early deals on Wednesday, reversing a modest gain in the previous session amid losses in most sectors. Investors took a cautious stance ahead low as US futures drifted lower. Uncertainty also grew over China's policy stimulus, raising concerns about whether it would be timely and sufficient to counter escalating trade pressures. Goldman Sachs analysts warned that China's manufacturing activity could face pressures in the coming months due to additional trade barriers. Locally, Hong Kong's retail sales plunged 15.0% yoy in February,...