Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the possibility of more reductions this year. The Hang Seng Index slipped 1.07 percent, or 285.17 points, to 26,468.95. But the benchmark Shanghai Composite Index gained 0.46 percent, or 13.62 points, to 2,999.28, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.03 percent, or 17.02 points, to 1,672.63. Source: AFP
European stocks were slightly higher Thursday morning, after the U.S. Federal Reserve cut interest rates as expected but signaled a higher threshold to further policy easings. The pan-European Stoxx 600 was up around 0.15% at 390.06 during early morning deals, with most sectors and major bourses in positive territory. Looking at individual stocks, Britain's IG Group surged to the top of the European benchmark after the company said it expects to return revenue growth in 2020. Shares of the online trading platform rose over 6% on the news. Source : CNBC
The Shanghai Composite Index rose for the second day, climbing 0.5 percent, or 13.62 to 2,999.28 in Shanghai. People's Insurance Co. Group of China contributed the most to the index gain, increasing 1.9 percent. Shanghai Feilo Acoustics Co. had the largest increase, rising 10.1 percent. Today, 1,109 of 1,530 shares rose, while 320 fell; 4 of 5 sectors were higher, led by industrial stocks. Source : Bloomberg
Japanese stocks closed higher despite paring gains after the yen strengthened against the dollar following the Bank of Japan's decision to keep its monetary stimulus unchanged. Services companies and railways rose, while automakers and machinery manufacturers fell. The Topix ended Thursday up 0.6%, trimming a gain of as much as 1.2%. The BOJ maintained its monetary stimulus and called for a reexamination of prices and the economy at its October meeting, choosing to sit tight for now just hours after the Federal Reserve cut interest rates again. Shares in Tokyo had opened higher...
Hong Kong stocks edged up in early trade Thursday, in line with an Asia-wide advance, after the Federal Reserve cut interest rates again. The Hang Seng Index rose 0.25 percent, or 66.61 points, to 26,820.73. The benchmark Shanghai Composite Index added 0.24 percent, or 7.26 points, to 2,992.92 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.26 percent, or 4.31 points, to 1,659.92. Source : AFP
Tokyo stocks opened higher on Thursday helped by a cheaper yen against the dollar after the US Federal Reserve announced a rate cut. The benchmark Nikkei 225 index was up 0.85 percent or 186.71 points at 22,147.42, while the broader Topix index was up 0.78 percent or 12.59 points at 1,619.21. Source : AFP