The Hang Seng Tech Index fell 1% to 5,521, indicating renewed pressure on Hong Kong technology stocks in the latest trading session. This decline reflects a more cautious sentiment towards the technology sector, as the index's movement was dominated by selling in large-cap tech companies, which are typically the main movers. With this weakening, market participants will be watching to see whether the index can hold the 5,500-plus area or whether it opens up room for further correction in the near term. (asd) Source: Newsmaker.id
The Nikkei 225 Index climbed 1.81% to close at 50,402 on Monday, comfortably surpassing the 50,000-point mark, tracking Friday's strong performance on Wall Street. The rally on Wall Street was driven by robust technology earnings and easing concerns over a potential technology boom risk. Gains in the index were also supported by a weakening yen following the Bank of Japan's widely anticipated rate hike. The central bank raised its benchmark rate by 25 basis points to 0.75%, the highest level since 1995. A sharp drop in the yen is expected to lift export earnings for Japanese companies....
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street. Technology stocks led the way as optimism around AI-related stocks rebounded. In China, sentiment was also supported by the People's Bank of China's Central Bank's decision to maintain its benchmark lending rate at its lowest level for the seventh consecutive meeting. This move is seen as maintaining policy support while the economy remains on...
Hong Kong stocks rallied in Monday morning trading. The Hang Seng rose 71 points, or 0.3%, to 25,762, its highest level in more than a week and its fourth consecutive session of gains. This strengthening followed positive sentiment on Wall Street. Technology stocks led the way as optimism around AI-related stocks rebounded. In China, sentiment was also supported by the People's Bank of China's Central Bank's decision to maintain its benchmark lending rate at its lowest level for the seventh consecutive meeting. This move is seen as maintaining policy support while the economy remains on...
Asian stocks opened higher, following Friday's rise in US stocks, which fueled hopes for a year-end rally. Many investors are starting to re-enter the market after a market correction. The MSCI Asia-Pacific stock index rose 0.5%, with the technology sector leading the gains. The index had previously recorded a 1.9% weekly decline on Friday, its first decline in four weeks. On Monday morning, US stock futures also rose in early Asian trading. Market optimism strengthened after dip buying at the end of last week helped the market recover from pressure triggered by doubts about the AI hype...
Japanese stocks rose in early trading after the yen weakened sharply following the Bank of Japan (BoJ) interest rate hike on Friday, in line with market expectations. The index's rise was largely driven by chip stocks. This sector immediately led the gains amid positive sentiment from the weakening yen. Several major stocks also surged: SoftBank Group rose 6.7%, Kioxia Holdings rose 5.7%, and Tokyo Electron Ltd. rose 5.1%. The yen's movement was clearly visible in the foreign exchange market. USD/JPY was at 157.56, up from 155.95 at the Tokyo stock market close on Friday. Investors also...