Hong Kong shares sank Friday as reports said explosions had been heard in Iran and Syria, sparking worries of a region-wide war in the Middle East after last weekend's attack on Israel by Tehran. The Hang Seng Index fell 0.99 percent, or 161.73 points, to 16,224.14. The Shanghai Composite Index slipped 0.29 percent, or 8.96 points to 3,065.26, while the Shenzhen Composite Index on China's second exchange lost 0.73 percent, or 12.36 points, to 1,686.57. Source: AFP
Nikkei Tokyo shares closed flat Thursday as investors awaited the release of US consumer price data while hoping for slowing US inflation and less aggressive rate hikes. The benchmark Nikkei 225 index was up just 0.01 percent, or 3.82 points, at 26,449.82 at the close, while the broader Topix index added 0.36 percent, or 6.93 points, to 1,908.18. Hang Seng Hong Kong stocks finished Thursday with more gains after swinging through the day, as profit-taking offset optimism over China reopening and traders awaited the release of US inflation data. The Hang Seng Index rose 0.36 percent, or...
Stocks closed higher Thursday after December's consumer price report showed inflation cooled for the month, raising hopes the Federal Reserve can once again slow interest rate hikes. The Dow Jones Industrial Average gained 216.96 points, or 0.64%, to close at 34,189.97. The S&P 500 added 0.34%, to end at 3,983.17. The Nasdaq Composite closed up 0.64% at 11,001.10, marking a five-day winning streak. That's the first rally of that length the technology-heavy index has seen since July. The Nasdaq is on pace for the biggest weekly increase of the three indexes, gaining 4.1% so far as...
The Dow Jones Industrial Average advanced modestly Thursday after December's consumer price report came in line with economist expectations and showed signs of cooling inflation. The 30-stock index gained 140 points, or 0.4%. The S&P 500 added 0.1%, while the Nasdaq Composite was little changed. The December report showed a 0.1% dip in prices from November but was still 6.5% higher than the prior year. In November, the report showed a 0.1% monthly gain and an annual pace of 7.1%. The CPI excluding food and energy prices was also in line with expectations, showing a month-over-month...
European stocks advanced after US inflation posted a moderate increase in December, bolstering expectations that the Federal Reserve will reduce the size of rate hikes in its next meeting. The Stoxx Europe 600 closed 0.6% higher with basic resources and retail leading the gains. The FTSE 100 also crept higher to end the day about 1% away from a record high. Excluding food and energy, the US consumer price index rose 0.3% last month and was up 5.7% from a year earlier. Economists see the gauge -- known as the core CPI -- as a better indicator of underlying inflation than the...
U.S. stocks ticked down after December's consumer prices report came in in line with economist expectations and showed inflation continues to cool. The Dow Jones Industrial Average lost 49 points, or 0.2%. The S&P 500 dropped 0.2%. The Nasdaq Composite also lost 0.4%. The December report showed a 0.1% dip in prices from November but was still 6.5% higher than a year prior. In November, the report showed a 0.1% monthly gain and an annual pace of 7.1%, according to Dow Jones. The CPI without food and energy prices also came in in line with expectations, showing a month-over-month gain...