The Hang Seng Index surged 495 points, or 1.9%, to close at 26,322 on Monday (September 29th), recovering from two sessions of decline as all sectors contributed to the rally. Optimism increased after China's central bank on Friday promised stronger coordination between monetary and fiscal policies to support growth, while Goldman Sachs projected interest rate and RRR cuts for banks in the fourth quarter of 2025. Sentiment was also lifted by signs that Beijing's crackdown on price wars is working, with authorities urging Chinese companies in the US to avoid aggressive discounting....
Hong Kong stocks jumped 358 points or 1.4% to 25,988 in early deals on Tuesday, rising for the third straight session to their highest level since October 2021 as all sectors advanced. Optimism from Wall Street Monday lifted sentiment ahead of expected Fed rate cuts later this month. Property stocks in Hong Kong led gains, climbing about 2% after Shenzhen city eased home purchase curbs last week. Tech, financials, and consumer shares also rose, supported by a third straight advance in mainland markets as Beijing moves toward a record trade surplus despite August exports hitting a six-month...
Japanese stocks headed for a four-day advance as bets that the Federal Reserve will cut rates drove US shares close to all-time highs. Topix Index rose 0.5% to 3,152.35 as of 9:30 a.m. Tokyo time Nikkei 225 advanced 0.9% to 44,046.88 Buying increased in export-related sectors like electronics and machinery, as well as materials stocks. Domestic demand-related shares, benefiting from improving local conditions and policy tailwinds, were also broadly firm. Sentiment remained stable after Prime Minister Shigeru Ishiba's decision to step down spurred speculation a new...
Asian stocks rose on Tuesday as positive sentiment on Wall Street ahead of an expected Fed rate cut spilled over into regional trading. Equities in Japan and South Korea rose in morning trading, while Australian equities declined. This followed a surge in bets for a US central bank rate cut, pushing stocks near record highs amid hopes that looser policy would strengthen the American corporate sector. The S&P 500 rebounded on Monday after a sell-off in the previous session on a weak jobs report. Although upcoming data is projected to... "After last week's lackluster jobs numbers, it...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports likely to influence Federal Reserve policy expectations. The S&P 500 rose 0.2%, the Nasdaq 100 gained nearly 0.5% to approach its August record high on strength in chipmakers, and the Dow Jones advanced 114 points. Last week's weak August jobs report, coupled with softer labor market data, has fueled hopes the Fed will cut rates at its September meeting, with traders increasingly pricing in the possibility of a larger 50 bps reduction. This...
European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the day that lead to the ouster of the country's fifth prime minister in three years. French Prime Minister Francois Bayrou lost a vote of no-confidence on Monday, at a time when the continent's second-largest economy struggles to rein in its debt. France also faces its first of many credit rating reviews later this week. The pan-European STOXX 600 ended 0.52% higher at 552.04 points at the close, and France's CAC 40 index closed up...