The Hang Seng Index rose 192 points, or 0.75%, to end at 25,690 on Friday, extending its gains for a third session as all major sectors advanced. Sentiment was boosted by continued gains in mainland China's stock market amid reports that ByteDance had reached an agreement with three major investors to form a joint venture to operate the TikTok app in the US, aiming to avoid a potential ban. Hopes for fresh stimulus from Beijing before the end of the year also supported the market, while traders awaited the upcoming People's Bank of China (PBOC) interest rate decision. Man Wah Holdings...
Asian stocks rose on Tuesday, supported by solid US corporate earnings and signs of easing tensions between Washington and Beijing. Indexes in Japan and Australia rose, while South Korea opened more than one percent higher. US stock futures also pointed to gains. An index of US-listed Chinese companies rose about two point four percent, its best in a week. Gold continued its advance early in the Asian session despite warnings of a potential liquidation. On Wall Street, the two major US indexes posted their biggest two-day gains since June. About 85 percent of emissions beat earnings...
The Nikkei index rose 0.7 percent to 49,523.98. The rise was driven by hopes that Sanae Takaichi, who is rumored to be the new prime minister, would prepare measures to support the economy. This sentiment helped the market recover after volatile trading. Electronics stocks led the rally. Renesas Electronics rose around 4.1 percent and TDK added 2.8 percent. Buying interest was seen in semiconductor and component companies, along with expectations of pro-growth policies and investment incentives in the technology sector. In the foreign exchange market, the US dollar exchange rate against...
Stocks rallied on Monday, boosted by a surge in Apple shares, as investors anticipated a possible end to the ongoing US government shutdown and a series of major corporate earnings reports and inflation data expected in the coming days. The Dow Jones Industrial Average closed up 515.97 points, or 1.12%, to 46,706.58. The S&P 500 also rose 1.07% to close at 6,735.13, while the Nasdaq Composite gained 1.37% to close at 22,990.54 Apple led the market rally, rising nearly 4% to a record close, after receiving a buy from hold recommendation upgrade at Loop Capital. The company highlighted...
The STOXX 50 jumped 1.4% to close at a record high of 5,688 on Monday, while the broader STOXX 600 gained 1.1% to 572 amid easing concerns over US banking stability and signs of easing trade tensions between Washington and Beijing after President Trump indicated he would lower tariffs if China resumed purchases of US soybeans. Financial stocks posted significant gains, with BBVA up 3.9%, UniCredit 3%, and Intesa Sanpaolo 2.8%. Conversely, BNP Paribas plunged 7.7% after a US jury ordered it to pay $20.75 million over alleged links to Sudanese atrocities. The defense sector also posted strong...
The Hang Seng surged 612 points, or 2.4%, to close at 25,859 on Monday, recovering sharply from steep losses in the prior session as all sectors advanced. Investor sentiment was lifted by a strong rise in U.S. futures after President Trump indicated he could lower tariffs on China if Beijing also takes steps benefiting the U.S., including resuming soybean purchases. Optimism was further supported by bets that China may roll out fresh stimulus following Q3 GDP growth of 4.8%, the weakest in a year. Chinese policymakers are meeting this week to discuss the latest Five-Year Plan ahead of the...