Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street. Technology stocks led the way as optimism around AI-related stocks rebounded. In China, sentiment was also supported by the People's Bank of China's Central Bank's decision to maintain its benchmark lending rate at its lowest level for the seventh consecutive meeting. This move is seen as maintaining policy support while the economy remains on...
European markets provisionally closed lower on Friday, led by declines in the travel sector which was down 1.6% after the closure of Heathrow airport. The pan-European Stoxx 600 and French CAC 40 were both about 0.6% lower by 4.40 p.m. London time, while the the German DAX shed 0.5%. London's FTSE 100 was about 0.6% lower. The travel and leisure sector lost about 1.6% after London's Heathrow Airport closed on Friday following a fire at a nearby electrical substation. British Airways-owner International Airlines Group was trading around 1.9% lower. Basic resources — including stocks such...
U.S. stocks plunged on Friday, putting the S&P 500 on track to extend its slide since late February that has been fueled by trade policy turmoil, recession fears and a rollover in megacap technology stocks. The S&P 500 fell 0.4%, putting the index on track for its first five-week decline in more than two years. The Nasdaq Composite fell 0.6%. The Dow Jones Industrial Average fell 302 points, or 0.7%. Traders had been bracing for a potentially volatile session on Friday with so-called "quadruple witching" — when stock options, index futures and single-stock futures expire. Goldman...
The STOXX 50 fell 0.5%, and the STOXX 600 dropped 0.3% on Friday, extending losses from the previous session as concerns over the economic outlook continued to weigh on investor sentiment. The U.S. is set to impose retaliatory tariffs on April 2, while the European Union's retaliatory measures have been delayed until mid-April. Travel and leisure shares were among the worst performers after London's Heathrow Airport was forced to close Friday due to a power outage caused by a fire at a nearby electrical substation. Meanwhile, traders were closely watching a vote by Germany's upper house on...
The Hang Seng plunged 530 points, or 2.2%, to close at 23,690 on Friday (3/21), marking its second straight decline amid sharp declines across all sectors. The index fell 1.1% for the week, extending its decline to two weeks, as rising profit-taking in technology stocks and caution ahead of upcoming Chinese corporate earnings weighed on sentiment. Semiconductor Manufacturing dropped 7.1% to a one-month low, while Kuaishou Tech (-5.4%), Alibaba Group (-3.5%), and Tencent (-2.0%) also fell sharply. Consumer, property and financial stocks also fell, as China's newly announced "special action...
Japan stocks were lower after the close on Friday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.51%. The best performers of the session on the Nikkei 225 were Mercari Inc (TYO:4385), which rose 7.45% or 182.50 points to trade at 2,633.50 at the close. Meanwhile, Mitsubishi UFJ Financial Group Inc (TYO:8306) added 5.72% or 120.50 points to end at 2,226.00 and DeNA Co Ltd (TYO:2432) was up 4.08% or 137.00 points to 3,497.00 in late trade. The worst performers of the session were SUMCO Corp. (TYO:3436),...