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...
US stocks rallied, with the Dow surging 410 points to a new record high, while the S&P 500 and Nasdaq posted modest gains, as confidence grew that the prolonged government shutdown would end this week. The healthcare sector led the way, led by Eli Lilly (up 3%) and AbbVie (up 3.6%), reflecting steady earnings momentum in the sector. The financial sector also outperformed as buyers flocked to major banks, with Goldman Sachs (up 3.5%), JPMorgan (up 1.5%), and American Express (up 0.7%). Meanwhile, AMD (AMD) surprisingly rose with stronger projections, rising 9%, helping lift peers like...
US stocks were higher on Wednesday, with the S&P 500 and Nasdaq each up 0.2%, while the Dow Jones gained 250 points to notch a new record high. Sentiment was buoyed by optimism that the government shutdown could soon end, as House members return to Washington to vote on a deal to restore funding to federal agencies after the shutdown that began on October 1st. Traders also focused on a fresh round of corporate updates, with shares of AMD surging more than 8% after the company forecast faster sales growth, lifting the broader tech sector. Nvidia (+0.7%), Broadcom (+1%), and Qualcomm...
The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment strengthened after China's central bank pledged to keep an "appropriately loose" monetary stance, ensure ample liquidity, and promote policy transmission. An uptick in U.S. futures also lifted risk appetite as the record-long U.S. government shutdown appeared close to ending. Property shares led the rise, jumping over 3%, following Beijing's plan to expand private sector participation in...
The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment strengthened after China's central bank pledged to keep an "appropriately loose" monetary stance, ensure ample liquidity, and promote policy transmission. An uptick in U.S. futures also lifted risk appetite as the record-long U.S. government shutdown appeared close to ending. Property shares led the rise, jumping over 3%, following Beijing's plan to expand private sector participation in...
European stocks were higher on Wednesday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4%, extending gains from the previous two sessions to reach fresh record highs. Investor sentiment remained supported by optimism over an imminent US government reopening and rising expectations of additional Fed rate cuts, as traders continued to monitor corporate updates. Shares of Infineon Technologies jumped 2.2% after the company forecasts its revenue will return to growth in the 2026 fiscal year. RWE added 3.5% after reporting higher-than-expected profits for the first nine months of the...