The Hang Seng Index opened higher, gaining 193 points to reach 26,321, and is currently up 313 points or 1.2%, standing at 26,442. The China Enterprises Index rose by 89 points or 0.95% to 9,392, while the Tech Index increased by 86 points or 1.4%, reaching 6,281. The main board recorded a turnover of HK$82 billion. Technology stocks saw broad-based gains. Tencent climbed 1.9%, Alibaba surged 2.8%, and Meituan rose 1.7%. However, Xiaomi Group slipped slightly by 0.4%. JD.com advanced 2.1%, and Kuaishou experienced the largest gain in the sector, rising 3.2%. Financial stocks also performed...
The Hang Seng Index opened 85 points lower at 26,459 on Monday and extended its losses to 121 points, or 0.45%, reaching 26,423. The China Enterprises Index fell 41 points, or 0.44%, to 9,430, while the Technology Index declined by 14 points, or 0.23%, to 6,279. Total mainboard turnover stood at HK$41.2 billion. Technology stocks saw mixed performance, with Tencent dropping 0.2%, Meituan falling 1.6%, Xiaomi slipping 0.6%, and JD.com declining 1.7%. Kuaishou, which is currently under investigation by China's Cyberspace Administration, plunged 4.1%. Alibaba was one of the few gainers, rising...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision that's due out today. China is expected to leave the loan prime rates unchanged, according to a Reuters poll. This came after the central bank kept a key interest rate steady after the U.S. Federal Reserve lowered its rates by 25 basis points. Japan's benchmark Nikkei 225 index rose 0.74% at the open, while the Topix index advanced 0.58%. South Korea's Kospi index added 0.71% in early trading, while the small-cap Kosdaq was 0.7%...
Japanese stocks are higher thanks to a weaker yen and gains in U.S. shares on Wall Street on Friday. Electronics and videogame stocks are leading the gains. Renesas Electronics is up 3.6% and Nintendo is 3.2% higher. USD/JPY is at 148.18, up from 147.69 as of Friday's Tokyo stock market close. Investors are closely watching any developments related to the leadership election for the ruling Libe. Source: Bloomberg
US stocks closed at new highs on Friday (September 19), continuing their record-breaking rally from the previous session as investors digested upbeat corporate earnings reports, the Fed's first interest rate cut in 2025, and signs of progress in US-China relations. The S&P 500 rose 0.5%, surpassing the 6,600 level, the Nasdaq 100 gained 0.7%, and the Dow Jones Industrial Average rose 172 points, surpassing the 46,300 level for the first time. FedEx jumped 2.3% after reporting better-than-expected results, while Apple jumped 3.2% on a J.P. Morgan price target increase and the launch of...
European stocks closed slightly higher on Friday (September 19th) as strength in the heavyweight financial sector offset mixed movements elsewhere, while markets continued to assess key monetary policy decisions for the week. The Eurozone STOXX 50 rose 0.2% to 5,467, and the pan-European STOXX 600 was flat at 555. The Bank of Japan kept interest rates unchanged as expected but surprised markets by announcing plans to begin unwinding its massive holdings of exchange-traded funds (ETFs). Traders also monitored a phone call between U.S. and Chinese Presidents Trump and Xi, with both leaders...