The Hang Seng Index rose for the fourth day, climbing 0.6%, or 150.3 to 27,073.03 in Hong Kong. The index advanced to the highest closing level since Oct. 3. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.3%. Sino Biopharmaceutical Ltd. had the largest increase, rising 6.5%. Today, 50 of 88 shares rose, while 35 fell; 2 of 4 sectors were higher, led by commerce and industry stocks. Source: Bloomberg
European stock markets closed mostly lower in Wednesday trading as The Stoxx Europe was off 0.15%, Germany's DAX declined 0.71%, France's CAC lost 0.63%, and the Swiss Market Index was down 0.07%, while the FTSE in London rose 0.93%. Annual inflation in the UK remained unchanged at 3.8% in September, according to the Office for National Statistics, which was below analyst forecasts of 4.0%, according to Bloomberg. Core inflation, which excludes energy, food, alcohol and tobacco, rose by 3.5% annually in September, down from 3.6% in August. Analysts expected core inflation to increase by...
European stocks fell after a sluggish session on Wall Street, weighed down by disappointing results from L'Oréal SA and Hermes International SCA. The Stoxx Europe 600 fell 0.3% as of 8:17 a.m. in London. The technology sector fell 1.2% after Texas Instruments Inc. provided a weaker-than-expected outlook, adding to concerns that the semiconductor industry's recovery is faltering. Meanwhile, mining and energy stocks led gains. Britain's FTSE 100 Index outperformed, rising 0.5%, as easing inflation reinforced expectations that the Bank of England will cut interest rates in the coming months....
The Nikkei 225 closed nearly flat on Wednesday (October 22nd), hovering around 49,308 (-0.02%), after a rally to its previous record triggered profit-taking—particularly in technology stocks—leading to volatile movement throughout the session. This "flat" closing tone aligns with the weakening technology sector in Asia following Wall Street's sluggish performance. On the sentiment side, the market weighed news that new Prime Minister Sanae Takaichi is preparing a large stimulus package—a factor that temporarily curbed intraday declines—as well as data showing Japanese exports rose 4.2%...
The Hang Seng Index fell 0.7% to 25,842.83 as of 10:00 a.m. local time, following a pause in Wall Street's rally as the S&P 500 stalled and the Nasdaq slipped 0.2%. Pressure came from tech stocks: NetEase slumped 3.3% to HK$232.40, Alibaba fell 2.3% to HK$161.30, and Baidu retreated 2% to HK$115. Precious metals stocks also took a hit—Zijin Mining fell 5.6% to HK$30.58 and jewelry retailer Chow Tai Fook fell 4.3% to HK$15.91—as gold held below US$4,100/oz after a sharp correction and silver weakened 7.9% to US$48.54. Index losses were limited by Pop Mart International's 4.5% surge to...
Asian stock markets fell on Wednesday, as investors digested Japanese trade data and the formation of a new government in Tokyo. Japanese exports rose 4.2% year-on-year in September—breaking a four-month decline—but still below expectations of 4.6%. The rise in Asia helped offset weakening shipments to the US.The cabinet of new Prime Minister Sanae Takaichi was officially sworn in. Shinjiro Koizumi was appointed defense minister, while Satsuki Katayama became Japan's first female finance minister. Market sentiment remains cautious amid this political transition.In Japan, the Nikkei 225 fell...