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
Hong Kong stocks ended sharply lower Wednesday, giving up most of the previous day's rally, as investors prepare for an expected Federal Reserve interest rate hike later in the day. The Hang Seng Index fell 1.13 percent, or 235.84 points, to close at 20,670.04. The Shanghai Composite Index dipped 0.05 percent, or 1.68 points, to 3,275.76, while the Shenzhen Composite Index on China's second exchange rose 0.33 percent, or 7.31 points, to 2,194.54.
U.S. stocks rallied Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increase to fight inflation, but hinted that it could slow the pace of its hiking campaign at some point. The Dow Jones Industrial Average jumped 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% to close at 4,023.61. The Nasdaq Composite climbed 4.06% to 12,032.42. Tech shares led gains after better-than-feared results from Alphabet and Microsoft. Stocks hit their highs of the session in the afternoon as Fed Chairman Jerome Powell left the door open...
U.S. equities climbed Wednesday, boosted by strong gains from Google-parent Alphabet and Microsoft, as traders awaited the Federal Reserve's latest interest rate decision, scheduled for later in the day. The Dow Jones Industrial Average rose by 143 points, or 0.5%. The S&P 500 gained 1.4%, and the Nasdaq Composite increased 2.5%. Alphabet shares rose 5% after the tech giant's quarterly report showed strong revenue from Google's search business. That said, the company's overall earnings and revenue came in below expectations. Microsoft also posted earnings and revenue below analyst...
European markets closed higher on Wednesday as investors looked ahead to the latest monetary policy decision from the U.S. Federal Reserve. The pan-European Stoxx 600 closed up by 0.5%, with travel and leisure stocks climbing 3% to lead the gains with most sectors and bourses trading firmly higher. Global investors are focused today on the Fed's forthcoming monetary policy decision, due to be announced Wednesday following a two-day meeting. Markets are widely anticipating a second consecutive 75 basis point hike to interest rates. Like many central banks around the world, the Fed is...
U.S. equities climbed Wednesday, boosted by strong gains from Google-parent Alphabet and Microsoft, as traders awaited the Federal Reserve's latest interest rate decision, scheduled for later in the day. The Dow Jones Industrial Average rose by 135 points, or 0.9%. The S&P 500 gained 1%, and the Nasdaq Composite increased 1.5%. Alphabet shares rose 3% after the tech giant's quarterly report showed strong revenue from Google's search business. That said, the company's overall earnings and revenue came in below expectations. Microsoft also posted earnings and revenue below analyst...