Hong Kong stocks rose modestly on Tuesday, as investors positioned ahead of the Politburo meeting in China that could set the economic tone for the rest of the year, while sentiment remained upbeat following the launch of the world's largest hydropower dam project on the eastern rim of the Tibetan Plateau. The Hang Seng Index gained 135.89 points, or 0.5%, to close at 25,130.03, while the Hang Seng China Enterprises Index (HSCEI) added 35.40 points, or 0.4%, to 9,075.60. Focus is now on the upcoming Politburo meeting, convened by Chinese President Xi Jinping later this month, which could...
The Hang Seng rose 146 points or 0.6% to finish at 23,828 on Wednesday, marking its second straight session of gains and reaching its highest level since late March. All sectors advanced, led by consumer, tech, and property stocks. Market sentiment was buoyed by a positive call from Morgan Stanley, which raised its targets for Chinese stock indexes, citing structural improvements and progress on tariffs and earnings. However, further upside was limited by a sharp drop in U.S. futures following Wall Street's recent rally. Also, Morgan Stanley warned that deflation risks in China may...
Both the STOXX 50 and STOXX 600 slipped 0.2% on Wednesday, retreating from nearly two-month highs reached the previous day, as traders awaited new catalysts amid concerns over stalled trade talks, weak economic data, and corporate earnings. Markets are closely watching the ongoing G7 finance ministers' meeting for any signals that a weaker dollar could support progress in trade negotiations. In the UK, inflation rose to 3.5%, prompting investors to scale back expectations for Bank of England rate cuts. On the corporate front, JD Sports shares plunged over 7% after reporting a 2% drop in...
The Nikkei 225 fell 214 points or 0.6% to close at 37,315 on Wednesday, following small gains in the previous session. Meanwhile, the broader Topix index slipped 0.3%, giving up early gains. These declines followed fresh trade data showing Japan's exports grew at the slowest pace in seven months in April, as rising U.S. tariffs began to weigh. Exports to the U.S. fell for the first time in four months, driven by weaker demand for automobiles, steel, and ships. According to the Nikkei newspaper, lead trade negotiator Ryosei Akazawa is set to visit the U.S. on Friday for a third round of...
Hong Kong stocks rose 124 points or 0.5% to a seven-week high of 23,806 in early trade Wednesday, extending gains from the previous session as most sectors advanced. Sentiment continued to be supported by China's central bank cutting key lending rates for the first time in seven months to support growth and ease trade-related risks. Major state banks in the mainland also lowered deposit rates to relieve pressure from narrowing interest margins. However, gains were somewhat limited by a rise in the city's jobless rate to 3.4% in the three months ending April its highest in over two years...
The Nikkei 225 slipped 76 points or 0.2% to 37,454 in Wednesday's morning session, retreating from a modest gain the previous day as investors digested Japan's latest trade figures. Exports rose 2.0% year-on-year in April, marking the slowest growth in seven months amid mounting pressure from rising U.S. tariffs. Meanwhile, imports fell less than expected, reflecting Tokyo's efforts to support domestic demand in the face of trade uncertainty. Japan's chief trade negotiator, Ryosei Akazawa, reaffirmed the country's demand for the removal of U.S. tariffs, with the third round of trade talks...