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...
Japan's Topix Index eked out a small gain after paring most of its earlier rise, as a fall in US futures added to worries about Donald Trump's upcoming reciprocal tariffs. Topix rose 0.1% to 2,661.73 as of market close in Tokyo, after rising as high as 2,697.33 in morning trade Nikkei was virtually unchanged at 35,624.48 Drugmakers and trading houses contributed the most to the Topix's advance, while banks and electronics makers were the heaviest drag. "There's noticeable selling in sectors seen as sensitive to the economy, such as banks and tech," as concerns about...
European stocks rebounded on the first day of the quarter as investor focus remained on an expected tariff announcement from the US. The Stoxx 600 gained 0.9% at 8:06 a.m. in London. AstraZeneca Plc rose 1.6% as its experimental cholesterol drug significantly reduced "bad" cholesterol in a mid-stage trial. US President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said, adding that the announcement would feature "country-based" levies. European sectors exposed to duties, such...
Shares in Hong Kong rose by 142 points, or 0.6%, to 23,247 in morning deals on Tuesday, halting the bearish trend of the prior two sessions, supported by gains in tech, energy, and consumer services. Fresh data from China lifted sentiment after a private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. The Hang Seng rebounded from a four-week low touched the day before, tracking a rise in Wall Street's S&P and Dow Jones overnight. However,...
The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data. A private survey showed that Chinese manufacturing expansion accelerated more than expected in March, reaching a four-month high amid robust external demand. Total new orders grew for the sixth consecutive month, while new export orders recorded their fastest expansion in nearly a year. However, investor sentiment remained cautious as markets awaited the...
Japanese stocks rebounded, buoyed by the solid performance of US equities ahead of Trump's announcement on reciprocal tariffs, as well as a pause in the yen's strength. The Topix Index rose 1.2% to 2,690.37 as of 9:20 a.m. Tokyo time after a two-day loss of more than 5.6%. Sony Group Corp. contributed the most to the Topix's gain, increasing 1.9%. Out of 1,692 stocks in the index, 1,415 rose and 223 fell, while 54 were unchanged. The Nikkei climbed 1% to 35,986.04 after entering a technical correction Monday. Bank, insurance and financial shares rose,...