The Hang Seng rose 192 points, or 0.7%, to finish at 26,160 on Friday, extending gains from the prior session. The increase came after Shanghai shares hit a 10-year peak, on strong inflows and China's pledge at the conclusion of a plenum to boost the household consumption's share in GDP over the next five years. Policymakers also reaffirmed their commitment to meet 2025 economic targets and support tech self-reliance. Gains were broad-based, led by tech, consumer, and property stocks. SMIC jumped 7.4%, followed by Horizon Robotics (6.1%), China Hongqiao Group (4.1%), and Trip.com...
European markets opened higher after news of a planned meeting between Donald Trump and Xi Jinping next week eased trade war concerns. The Stoxx Europe 600 moved positively, led by the technology sector—ASML was the leading indicator—while utilities and property lagged. In corporate news, NatWest surged after raising its full-year forecast, and Sanofi gained on demand for its flagship drug Dupixent. Sentiment was also supported by a mixed earnings season: solid results from LVMH and Kering were partly overshadowed by disappointing reports from Roche, L'Oréal, and Akzo Nobel. Investors now...
The Nikkei 225 closed up around one and a half percent to around 49,000, driven by positive sentiment from Intel's sales prospects. Semiconductor stocks like Advantest and Disco also gained, while SoftBank Group was a major driver of the index's rally. The market mood felt more bullish after the chip sector was "bought back," resulting in healthy inter-sector rotation. Investors are also looking ahead to the next week of earnings reports, including from US tech giants like MetaTrader, Alphabet, and Microsoft. Solid results are expected to maintain buying momentum. Domestically, the Topix...
The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was clearly positive. The main drivers were the technology sector: Alibaba and Kuaishou were the most prominent, with Tencent and Meituan also strengthening, followed by Xiaomi and JD.com. In the financial sector, the HKEX performed solidly, with AIA and Ping An rising steadily, while HSBC weakened slightly. (az) Source: Newsmaker.id
Japanese stocks rose in early trading on hopes of easing US-China trade tensions ahead of next week's summit. The Nikkei index rose 0.8% to 49,021.37, signaling positive sentiment across the market. The gains were led by the technology and electronics sectors. SoftBank Group rose 3.2%, and chip test equipment manufacturer Advantest gained 2.3%, driven by optimism about semiconductor demand and a robust AI ecosystem. In the forex market, USD/JPY was at 152.52 (from 152.43 at the close in Tokyo on Thursday). A weaker yen typically supports Japanese exporters, boosting export-based...