The Hang Seng Index surged 495 points, or 1.9%, to close at 26,322 on Monday (September 29th), recovering from two sessions of decline as all sectors contributed to the rally. Optimism increased after China's central bank on Friday promised stronger coordination between monetary and fiscal policies to support growth, while Goldman Sachs projected interest rate and RRR cuts for banks in the fourth quarter of 2025. Sentiment was also lifted by signs that Beijing's crackdown on price wars is working, with authorities urging Chinese companies in the US to avoid aggressive discounting....
European stocks have opened higher as a bit of political calm enters the market. The Stoxx 600 Index was up 0.6% in its third session of straight gains. Retailers led the rally as Inditex shares jumped after the Zara-owner said it has seen a strong start to the third quarter. Technology shares were also notable outperformers, with the sector getting a boost from a bullish outlook from US peer Oracle. Chipmaker TSMC also reported a 34% in August sales, adding to optimism that AI is set to be a big growth area for the industry. Meanwhile, France's CAC 40 index climbed 0.6% as President...
Japanese shares rose on Wednesday, tracking Wall Street gains, as traders bet U.S. labor market weakness would prompt a Federal Reserve rate cut next week. The Nikkei 225 rose 0.87%, or 378.38 points, to end at 43,837.67. Traders see a Fed rate cut next Wednesday as certain, with 7% odds on a half-point move, CME's FedWatch Tool showed. A week ago, markets still saw a chance of no cut, but weak payrolls shifted expectations. Producer and consumer inflation data this week are the final tests. In economic data, Japanese manufacturers' sentiment hit a three-year high in September, lifted by...
The Hang Seng Index opened higher today, gaining 104 points to reach 26,042, before extending its rise by 227 points, or 0.87%, to settle at 26,165. This marks the index's fourth consecutive day of increases. The Hang Seng China Enterprises Index also rose by 80 points, or 0.87%, to 9,323, while the Technology Index climbed by 105 points, or 1.8%, to 5,933. Trading volume on the main board reached HK$73.7 billion. In the technology sector, stocks showed mixed results. Tencent rose by 1.5%, Alibaba experienced a significant gain of 3.5%, and Meituan increased by 2.1%. However, Xiaomi Group...
Japanese shares rose on expectations of expansionary fiscal policies even as the country's ruling party is set to hold a leadership contest and find a replacement for outgoing Prime Minister Shigeru Ishiba. Sentiment was also upbeat after Wall Street's gains on hopes the Federal Reserve will cut interest rates to curb a jobs downturn. The Topix Index rose 0.1% to 3,126.18 as of 9:15 a.m. Tokyo time The Nikkei advanced 0.4% to 43,646.92 SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 6.8%. Out of 1,676 stocks in the index,...
Asia-Pacific markets opened mostly higher Wednesday ahead of key August inflation data from China. The mainland's August consumer price index is expected to fall 0.2% from the previous year, according to economists polled by Reuters, and compares with July's flat reading. Meanwhile, the producer price index is expected to fall 2.9% year on year, improving from the 3.6% drop in July. Japan's Nikkei 225 benchmark opened 0.2% higher, while the Topix index was flat. Over in Australia, the S&P/ASX 200 opened flat. Hong Kong's Hang Seng Index was set to open higher, with the futures...