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....
The Hang Seng Index rose 301 points, or 1.2%, to 26,387 on Friday (September 12), climbing for a sixth straight session to its highest level since August 2021. The index surged 3.8% for the week, its strongest weekly gain since March, amid record highs on Wall Street as rising US jobless claims reinforced speculation of a Fed rate cut next week, with further easing likely through the end of the year. Adding to the positive sentiment, US Treasury Secretary Scott Bessent will meet with Chinese Vice President He Lifeng in Madrid next week to continue talks on trade, economic, and security...
The STOXX 50 index edged up 0.1% to 5,390 points on Friday, its highest since late August, while the broader STOXX 600 also gained 0.1% to 555 points, as a jump in US jobless claims and a modest rise in inflation reinforced expectations of Federal Reserve rate cuts next week and beyond. Meanwhile, the ECB signaled its rate-cutting cycle is over, with President Lagarde saying the bank is in a "good place" and that growth risks are now more balanced. In corporate news, Banco Sabadell slipped 0.6% after its board unanimously rejected BBVA's €15 billion takeover offer, urging shareholders not...
The Nikkei 225 climbed 0.89% to close at 44,768 and the Topix added 0.4% to 3,160 on Friday, with Japanese stocks hitting fresh record highs in line with Wall Street's overnight gains. On Thursday, all three major US indexes closed at all-time highs as signs of a cooling labor market and subdued inflation fueled expectations for deeper Federal Reserve rate cuts. In Japan, investors continued to assess the Bank of Japan's policy path amid mixed economic signals and political uncertainty. Prime Minister Shigeru Ishiba recently announced his resignation, facing mounting pressure after last...
Hong Kong shares surged 375 points, or 1.4%, to 26,405 on Friday morning's trade, reversing losses in the prior session and hitting their highest in over four years. The rally was broad-based, tracking a global rally after Wall Street's S&P 500 notched a third record close Thursday following higher-than-expected US jobless claims that solidified bets of a Fed rate cut next week, with more easing through year-end. For the week, the Hang Seng is up about 4%, set for a second straight weekly gain, lifted by a report that Beijing may direct state banks to help local governments cover unpaid...
The Nikkei 225 rose 0.7% to around 44,700 and the Topix gained 0.5% to 3,165 on Friday, with Japanese equities hitting fresh record highs in step with Wall Street's overnight rally. On Thursday, all three major US benchmarks closed at all-time highs as evidence of a cooling labor market and contained inflation strengthened expectations for deeper Federal Reserve rate cuts. In Japan, investors weighed the Bank of Japan's policy outlook against mixed economic indicators and ongoing political uncertainty. Prime Minister Shigeru Ishiba recently announced his resignation, facing mounting...