Hong Kong stocks rose 150 points, or 0.6%, to 25,649 in early trading on Friday, maintaining gains for the third straight session amid broad-based strength across sectors. Sentiment was lifted by a stronger close on Wall Street overnight, driven by a rebound in technology stocks and weaker US inflation data that reinforced expectations of a Fed rate cut next year. A third straight gain in mainland Chinese stocks also supported the market, as investors positioned themselves for China's key policy rate decision next week. Among the stocks that saw significant gains, XPeng surged 4.6%, followed...
Asian stocks opened lower after weak US employment data did little to change expectations of a Federal Reserve interest rate cut. The MSCI Asia Pacific Index fell 0.1%, extending its decline to a third day. This decline followed Wall Street, where the S&P 500 fell again, although the Nasdaq 100 still recorded a slight gain. Government bonds and the US dollar held steady after weakening in the previous session. Oil prices actually strengthened, with WTI rising more than 1% after President Donald Trump ordered a complete blockade of sanctioned oil tankers entering and leaving Venezuela....
European stocks closed lower on Tuesday, with the STOXX 50 down 0.5% and the broader STOXX 600 slipping 0.4%, as optimism around Russia–Ukraine peace efforts prompted investors to reassess the outlook for military spending and weighed on defense shares. Defense names declined sharply, led by Rheinmetall (-4.6%), alongside losses in BAE Systems (-1.7%), Leonardo (-3.9%) and Thales (-1.6%). Technology heavyweights also pressured the market, with ASML Holding down 2.1% and SAP falling 1.4%, as softer global growth signals dampened appetite for cyclical tech exposure. In contrast, LVMH...
Stocks fell slightly on Tuesday as traders digested the delayed release of the November's jobs report. The S&P 500 fell 0.1%, while the Nasdaq Composite pulled back about 0.2%. The Dow Jones Industrial Average hovered around the flatline. November's jobs report came in better than expected, showing an increase of 64,000 jobs for the month, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones predicted that nonfarm payrolls would grow by 45,000 in the period. However, the BLS reported that October shed 105,000 jobs. The unemployment rate also increased to 4.6%,...
The Hang Seng Index fell 393 points, or 1.5%, to 25,217 on Tuesday (December 16), closing at a nearly four-week low and extending the previous session's sharp decline as mainland Chinese stocks slumped further and traders grew nervous ahead of key US economic data this week. Meanwhile, China's economy showed more signs of slowing in November, with disappointing industrial output and retail sales. Property stocks led the decline amid concerns of a prolonged downturn, particularly after China Vanke said it would hold a second bondholder meeting after failing to secure approval to extend a...
European stocks are expected to open lower on Tuesday (December 16), reversing gains seen earlier in the week. Shortly after the opening bell, the pan-European Stoxx 600 index fell 0.2%, with most sectors and major bourses in negative territory. Developments in Russia-Ukraine peace negotiations remain in focus, after Ukrainian President Volodymyr Zelenskyy said over the weekend that Kyiv is willing to give up its NATO membership ambitions to secure a deal to end the war. Meanwhile, US President Donald Trump told reporters on Monday that after "long and very good talks" with European...