Hong Kong stocks sank at the open on Friday morning as traders fret over the rumbling crisis in the Middle East and the prospect that the Federal Reserve will not cut interest rates as much as hoped this year. The Hang Seng Index fell 0.85 percent, or 139.53 points, to 16,246.34. The Shanghai Composite Index retreated 0.45 percent, or 13.93 points to 3,060.30, while the Shenzhen Composite Index on China's second exchange lost 0.59 percent, or 10.00 points to 1,688.93. Source : AFP
Hong Kong stocks began Thursday morning on the front foot following another strong lead from Wall Street, with traders betting data later in the day will show US inflation eased further in December. The Hang Seng Index rose 0.76 percent, or 163.77 points, to 21,599.82. The Shanghai Composite Index added 0.17 percent, or 5.44 points, to 3,167.27, while the Shenzhen Composite Index on China's second exchange edged up 0.19 percent, or 3.97 points, to 2,050.73. Source: AFP
Asia-Pacific shares notched gains as investors look ahead to the U.S. consumer price index report Thursday. Economists expect inflation to have cooled in December, which could signal to the Federal Reserve that previous interest rates hikes have had their intended effects. Australia's S&P/ASX 200 traded up 0.59% in its first hour of trade. The Nikkei 225 rose 0.22%, while the Topix climbed 0.21%. Similarly, the Kospi advanced 0.58% and the Kosdaq added 0.53%. China and India's inflation data for December are also slated for release. Australia will also report its trade data for...
Tokyo shares opened higher Thursday on continued hopes for slowing US inflation and less aggressive tightening, as investors awaited the release of US consumer price data. The benchmark Nikkei 225 index rose 0.24 percent, or 63.90 points, to 26,509.90 in early trade, while the broader Topix index added 0.12 percent, or 2.37 points, to 1,903.62. Source: AFP
Nikkei Tokyo stocks closed higher Wednesday following gains on Wall Street, as investors awaited all-important US inflation data for clues on the future of Federal Reserve rate hikes. The benchmark Nikkei 225 index gained 1.03 percent, or 270.44 points, to end at 26,446.00, while the broader Topix index climbed 1.08 percent, or 20.37 points, to 1,901.25. Hang Seng Hong Kong stocks closed slightly higher Wednesday, supported by ongoing optimism over China's reopening, while traders are also looking ahead to the release of key US inflation data later in the week. The Hang Seng Index rose...
Stocks rose Wednesday as investors grew increasingly confident Thursday's consumer price index will show cooling inflation and signal to the Federal Reserve that previous interest rates hikes have had their intended effects. The Dow Jones Industrial Average closed up 268.91 points, or 0.8%, at 33,973.01. The S&P 500 gained 50.35 points, or 1.28%, to end at 3,969.60. The Nasdaq Composite led the indexes for another day, adding 189.04 points, or 1.76%, to close at 10,931.67. Economists polled by Dow Jones expect the CPI to show prices cooled by a modest 0.1% in December from the prior...