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China Stocks Rally Tested After Stimulus-Led Gains

Wednesday, 25 September 2024 14:43 WIB | Root

Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts. Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after...

Hang Seng Index Rises 1.3%; AIA Group Leads Advance, Shanghai Composite Index Rises 0.5%

Thursday, 11 July 2024 15:31 WIB | Root

The Hang Seng Index opened 1.3% higher at 17,695.72 in Hong Kong. AIA Group Ltd. contributed the most to the index gain, increasing 3.6%. Li Auto Inc. had the largest increase, rising 5.1%. In early trading, 70 of 82 shares rose, while 8 fell; all sectors were higher, led by commerce and...

Hong Kong Stocks Close With Big Losses

Friday, 21 June 2024 22:04 WIB | Root

Hong Kong shares finished sharply lower Friday as tech firms sank following a largely negative day on Wall Street, where market heavyweights Nvidia and Apple suffered hefty selling. The Hang Seng Index shed 1.67 percent, or 306.80 points, to 18,028.52. The Shanghai Composite Index gave up 0.24...

Hong Kong Stocks Edged Down at Close

Thursday, 20 June 2024 22:03 WIB | Root

Hong Kong stocks closed with losses Thursday following the previous day's strong rally, with investors assessing the outlook for US interest rates. The Hang Seng Index sank 0.52 percent, or 95.07 points, to 18,335.32. The Shanghai Composite Index lost 0.42 percent, or 12.61 points, to 3,005.44,...

Hong Kong Stocks End With Big Gains

Wednesday, 19 June 2024 22:10 WIB | Root

Hong Kong stocks finished sharply higher Wednesday as tech giants rallied, following a less-than-expected rise in US retail sales that boosted hopes the Federal Reserve will cut interest rates. The Hang Seng Index jumped 2.87 percent, or 514.84 points, to 18,430.39. The Shanghai Composite Index...

Hong Kong Stocks Close With Loss

Tuesday, 18 June 2024 22:01 WIB | Root

Hong Kong stocks finished slightly lower on Tuesday, bucking advances across the rest of Asia despite another record on Wall Street, while investors are awaiting US economic data and comments by Federal Reserve officials. The Hang Seng Index dropped 0.11 percent, or 20.57 points, to...

Hong Kong Stocks Begin on Back Foot

Friday, 14 June 2024 15:19 WIB | Root

Hong Kong stocks slipped at the open Friday morning as investors awaited a key policy decision by the Bank of Japan later in the day. The Hang Seng Index fell 0.47 percent, or 84.56 points, to 18,028.07. The Shanghai Composite Index shed 0.26 percent, or 7.96 points, to 3,020.96, while the...

Hong Kong Stocks Advance in Opening Business

Thursday, 13 June 2024 15:23 WIB | Root

Hong Kong stocks opened sharply higher Thursday, tracking another record-breaking day on Wall Street, after data showed US inflation eased further in May, and despite the Federal Reserve lowering its projection for interest rate cuts this year. The Hang Seng Index climbed 0.93 percent, or 166.29...

Hong Kong Stocks Open Lower Ahead of US Releases

Wednesday, 12 June 2024 15:23 WIB | Root

Hong Kong stocks extended losses at the open on Wednesday as investors nervously await the release later in the day of US consumer price data and the Federal Reserve's guidance on the outlook for interest rates. The Hang Seng Index shed 0.79 percent, or 143.94 points, to 18,032.40. The Shanghai...

Hong Kong Stocks Open With Losses

Tuesday, 11 June 2024 15:20 WIB | Root

Hong Kong stocks sank at the open on Tuesday as investors returned from a long weekend break to play catch-up with a sell-off across Asia the day before, with eyes on the Federal Reserve's upcoming policy meeting. The Hang Seng Index fell 1.11 percent, or 203.83 points, to 18,163.12. The...

Hong Kong Stocks End With a Second Straight Loss

Wednesday, 22 May 2024 22:01 WIB | Root

Hong Kong shares closed lower for a second day Wednesday as investors struggled to track a record day on Wall Street, with focus turning to the release of earnings from US chip giant Nvidia later in the day. The Hang Seng Index shed 0.13 percent, or 25.02 points, to 19,195.60. The Shanghai...

Hong Kong Stocks End With Losses

Tuesday, 14 May 2024 22:04 WIB | Root

Hong Kong stocks closed slightly lower Tuesday, even as tech giants including Alibaba and Tencent rose ahead of their earnings releases, while traders were also awaiting key US inflation data. The Hang Seng Index dropped 0.22 percent, or 41.35 points, to 19,073.71. The Shanghai Composite Index...

Hong Kong Stocks Start Week With More Gains

Monday, 13 May 2024 22:13 WIB | Root

Hong Kong shares finished with more gains Monday as traders welcomed news that China would start selling almost $140 billion in government bonds to help boost the world's number two economy. The Hang Seng Index rose 0.80 percent, or 151.38 points, to 19,115.06. But the Shanghai Composite Index...

Hong Kong Stocks Build on Gains at Open

Friday, 10 May 2024 15:19 WIB | Root

Hong Kong shares extended gains Friday on growing optimism for US interest rate cuts following another batch of supportive jobs data. The Hang Seng Index rose 0.71 percent, or 131.62 points, to 18,669.43. The Shanghai Composite Index edged up 0.14 percent, or 4.27 points, to 3,158.59, while the...

Hong Kong, Shanghai Begin Day on Tepid Note

Thursday, 9 May 2024 15:27 WIB | Root

Hong Kong stocks and mainland Chinese markets were barely moved at the open Thursday, with traders looking for inspiration to extend their latest rally following a soft lead from Wall Street. The Hang Seng Index inched down 7.61 points to 18,306.25. The Shanghai Composite Index was also flat,...

Hang Seng Index Rises 0.6%; Tencent Leads Advance

Wednesday, 8 May 2024 15:37 WIB | Root

The Hang Seng Index opened 0.6% higher at 18,582.23 in Hong Kong. Tencent Holdings Ltd. contributed the most to the index gain, increasing 1.6%. Zhongsheng Group Holdings Ltd. had the largest increase, rising 3.4%. In early trading, 51 of 82 shares rose, while 28 fell; 3 of 4 sectors were...

Hong Kong Stocks End Week With Steep Losses

Friday, 12 April 2024 22:18 WIB | Root

Hong Kong stocks closed sharply lower Friday following a recent run-up, with traders spooked by the prospect of US interest rates not coming down as soon or quickly as hoped. The Hang Seng Index shed 2.18 percent, or 373.34 points, to 16,721.69. The Shanghai Composite Index lost 0.49 percent, or...

Hong Kong Stocks End Higher

Tuesday, 9 April 2024 22:22 WIB | Root

Hong Kong stocks finished on a positive note Tuesday as investors readied themselves for the release of crucial US inflation data later in the week that could play a major role in the Federal Reserve's decision-making on interest rates. The Hang Seng Index rose 0.57 percent, or 95.22 points, to...

Hong Kong Stocks Close Higher

Monday, 8 April 2024 22:10 WIB | Root

Stocks rose in Hong Kong on Monday, tracking a rally across most of Asia and Wall Street following data showing the US jobs market remained strong. The Hang Seng Index edged up 0.05 percent, or 8.93 points, to 16,723.85. The Shanghai Composite Index slipped 0.72 percent, or 22.24 points, to end...

Hong Kong Stocks Inch Down at Open

Wednesday, 3 April 2024 15:24 WIB | Root

Hong Kong stocks opened with marginal losses Wednesday morning following another tepid lead from Wall Street as investors grow worried that US interest rates might not come down as much as hoped this year. The Hang Seng Index inched down 4.67 points to 16,926.85. The Shanghai Composite Index was...

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