Stocks in Hong Kong surged 413 points, or 1.6%, to 26,043 in early trade on the first trading day of 2026, rebounding from losses in the previous session as markets reopened after the New Year break. Sentiment was lifted by a marked rise in U.S. futures, following solid year-end gains on Wall Street in 2025. While U.S. equities underperformed the strong returns of the past two years, annual gains remained resilient despite a global sell-off triggered by tariff announcements in April. All sectors of the Hang Seng Index participated in the rally, led by tech, consumer, and property stocks....
European stocks sank to close around one-month lows on Tuesday, extending the selloff from the prior sessions and tracking the poor momentum for global equities as concerns of an overvalued global tech sector and high rates by the Federal Reserve erased demand for riskier assets. The STOXX 50 fell 1.9% to 5,540 and the STOXX 600 dropped 1.8% to 561. Losses for equities in the Eurozone were broadly distributed among the major sectors in the bloc, with Santander, Intesa Sanpaolo, and ING dropping over 3% each to lead the losses for lenders. Consumer cyclicals and tech were also under...
The S&P 500 and the Dow Jones were down for a fourth consecutive session on Tuesday, losing 0.5% and 0.8% respectively while the Nasdaq decreased 0.6%. Traders remained in a risk-off mood amid renewed concerns over high valuations in AI and tech stocks, ahead of Nvidia's earnings report. Consumer discretionary was the biggest laggard while consumer staples outperformed. Nvidia (-1.4%), Microsoft (-1.5%), Amazon (-1.9%) and Meta were sharply lower and Home Depot tumbled more than 4% after cutting its full-year profit forecast. Investors are also watching the resumption of key economic...
The Hang Seng Index plunged 454 points, or 1.7%, on Tuesday (November 18th), its sharpest one-day drop since mid-October, and closed at a two-week low of 25,930. The index fell for a third straight session, weighed down by broad declines across sectors. Sentiment soured due to the global market slump, with traders anxiously awaiting Nvidia's earnings report amid valuation concerns and the delayed release of US data, including the September employment report. Technology stocks slumped nearly 2% as the recent rally showed signs of exhaustion. Property, financial, and consumer discretionary...
European markets opened lower on Tuesday (November 18th) as global markets weakened amid renewed concerns over AI-related stocks. The pan-European Stoxx 600 was trading nearly 1.2% lower shortly after the opening bell on Tuesday The UK's FTSE 500 index was down 1% as of 8:06 a.m. in London (3:06 a.m. Eastern time), with Germany's DAX down 1.34%, France's CAC 40 down 1.32%, and Italy's FTSE MIB down 1.44% in early trading. European regional markets followed their global peers into the red after losses in the technology sector dragged Wall Street lower on Monday, with all three major US...
The Nikkei 225 Index slumped 3.2% to close at 48,703, while the broader Topix Index plunged 2.88% on Tuesday, falling for the third consecutive session as investors sold off tech stocks following Wall Street's sharp decline overnight ahead of the US jobs report and Nvidia's quarterly results. The Nikkei posted its steepest drop in more than seven months, hitting its lowest level since October 23. Escalating Tokyo–Beijing tensions also pressured sentiment, with retail stocks trading mixed after a sharp fall in the previous session. Traders closely watched a meeting between Japanese Prime...