The Hang Seng Index rose for the fourth day, climbing 0.6%, or 150.3 to 27,073.03 in Hong Kong. The index advanced to the highest closing level since Oct. 3. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 3.3%. Sino Biopharmaceutical Ltd. had the largest increase, rising 6.5%. Today, 50 of 88 shares rose, while 35 fell; 2 of 4 sectors were higher, led by commerce and industry stocks. Source: Bloomberg
European stocks moved mixed on Thursday. Germany's DAX edged higher, while France's CAC 40 and the UK's FTSE 100 fell. The market digested corporate earnings reports, easing global trade tensions, growth data, and awaited the ECB's rate decision, which is expected to remain unchanged. In the US, the Fed cut interest rates by 25 basis points and will stop shrinking its balance sheet starting December 1, but Powell's cautious comments left the market uncertain about further cuts in December. On the corporate side, Shell posted a jump in third-quarter 2025 profit to USD 5.3 billion thanks to...
The Nikkei 225 index edged up 0.04% to 51,326, while the Topix index gained 0.69% to 3,301 on Thursday, hitting a new record. The gains came after the Bank of Japan held its benchmark interest rate at 0.5% by a 7-2 vote, with two members (Naoki Tamura and Hajime Takata) pushing for a rise to 0.75%. The market remains skeptical about the likelihood of a policy change in December, as the BOJ appears cautious, while Prime Minister Sanae Takaichi is known for her support of loose monetary policy. On the stock front, Advantest hit a new record after raising its profit forecast due to strong...
The Hang Seng Index rose 0.4% to 26,455.74 on Thursday (October 30th), marking a three-week high. The rise was driven by expectations of a deal at the Xi–Trump meeting and positive sentiment after the Fed cut interest rates by 25 basis points and the Hong Kong Central Bank (HKMA) followed suit. Meanwhile, Hang Seng Tech edged down 0.1%, while in mainland China, the CSI 300 fell 0.3% and the Shanghai Composite dropped 0.2%. Blue-chip stocks rose: China Hongqiao surged 6.4% to HK$29.44, Zijin Mining rose 3.9% to HK$32.32, Ping An Insurance rose 3.2% to HK$57.90, and HSBC added 2.1% to...
Asian stocks were mixed on Thursday after Fed Chairman Jerome Powell emphasized that a December interest rate cut was not a certainty. The region's benchmark indexes were virtually unchanged, while US stock futures fluctuated between gains and losses. The 10-year US Treasury yield hovered around 4.07%, adding pressure on riskier assets. Gold briefly edged up after four days of declines. On the issuer side, tech giant earnings results were mixed: Meta fell 7.7% in after-hours trading, Alphabet jumped 6%, and Microsoft weakened. In Asia, Samsung Electronics gained after earnings beat...
Japanese stocks are lower in early trade amid caution ahead of the Bank of Japan's policy meeting outcome due later Thursday. Tech and brokerage stocks are leading the declines. SoftBank Group is down 1.8% and Nomura Holdings is 2.1% lower. USD/JPY is at 152.78, compared with 152.28 as of Wednesday's Tokyo stock market close. Investors will be focusing on any progress in Prime Minister Sanae Takaichi's policy steps as well as the BOJ's assessment of the economy. The Nikkei Stock Average is down 0.1% at 51265.52. Source: Dow Jones Newswires