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China Stocks Slip Ahead of New US Tariffs

Monday, 31 March 2025 16:52 WIB | Market update

The Shanghai Composite fell 0.2% to below 3,345, while the Shenzhen Component dropped 0.9% to 10,510 on Monday, extending losses from the previous session as investors braced for new US tariffs set to take effect this week. Over the weekend, President Donald Trump stated he “couldn’t care less”...

China Stocks Rise on Government Support

Thursday, 23 January 2025 17:25 WIB | Market update

China stocks rose on Thursday, with the Shanghai Composite up 1.4% to around 3,260 and the Shenzhen Component up 0.6% to 10,290, recouping losses from earlier in the week as Beijing stepped up support for the struggling stock market. On Wednesday, China unveiled a new plan led by its top financial...

Asia-Pacific markets mixed as China services activity expands at highest rate in seven months

Monday, 6 January 2025 16:21 WIB | Market update

Asia-Pacific markets were mixed on Monday as investors assessed business activity figures from several key economies in the region. China’s Caixin services purchasing managers’ index from S&P Global rose to 52.2 in December, which marked the service sector’s fastest expansion since May 2024....

China Stocks Rise on Cautious Trading

Thursday, 5 December 2024 17:28 WIB | Market update

China stocks rose modestly on Thursday, with the Shanghai Composite up 0.1% to around 3,370 and the Shenzhen Component up 0.3% to 10,636, recovering losses from the previous session. However, concerns over China’s economic challenges and escalating trade tensions with the U.S. kept investors...

The Shanghai Composite Indeks

Friday, 15 November 2024 15:40 WIB | Market update

The Shanghai Composite fell 1.73% to close at 3,380 while the Shenzhen Component dropped 2.83% to 11,038 on Thursday, giving back gains from the previous session amid a lack of market-moving news.Sentiment was cautious as investors continued to weigh the potential impact of US President-elect...

China rally loses steam as authorities disappoint markets

Tuesday, 8 October 2024 17:03 WIB | Root

Hong Kong stocks plunge more than 6% The rally in Chinese markets lost steam on Tuesday after a briefing from the country’s National Development and Reform Commission provided few details on further stimulus. While mainland China’s CSI 300 skyrocketed over 10% at the open Tuesday in its return...

Shanghai Composite Rises 0.4%; Kweichow Moutai Leads

Tuesday, 6 August 2024 15:53 WIB | Root

The Shanghai Composite Index opened 0.4% higher at 2,871.55 in Shanghai. Kweichow Moutai Co. contributed the most to the index gain, increasing 0.7%. Hubei Mailyard Share Co. had the largest increase, rising 10.2%. In early trading, 1,926 of 2,212 shares rose, while 225 fell; 3 of 5 sectors were...

Hong Kong Shares Close Week With Losses

Friday, 14 June 2024 22:00 WIB | Root

Hong Kong stocks ended the week with another loss on Friday as investors weighed US data showing inflation slowing was offset by the Federal Reserve lowering its outlook for interest rate cuts this year. The Hang Seng Index lost 0.94 percent, or 170.85 points, to 17,941.78. The Shanghai...

Hong Kong Stocks Finish Higher

Thursday, 13 June 2024 22:02 WIB | Root

Hong Kong stocks closed on a positive note Thursday as investors welcomed data showing US inflation came in lower than expected in May, cushioning a Federal Reserve forecast for fewer interest rate cuts that previously estimated. The Hang Seng Index climbed 0.97 percent, or 174.79 points, to...

Hong Kong Stocks Extend Losses at Close

Wednesday, 12 June 2024 22:00 WIB | Root

Hong Kong shares suffered further losses Wednesday as investors nervously awaited the release of key US inflation data and the end of the Federal Reserve's latest policy meeting. The Hang Seng Index fell 1.31 percent, or 238.50 points, to 17,937.84. The Shanghai Composite Index added 0.31...

Hong Kong Stocks Finish Lower

Tuesday, 11 June 2024 22:06 WIB | Root

Hong Kong stocks closed with a loss Tuesday as investors returned from a long weekend to catch up with Asia-wide losses the previous day, with eyes on the US Federal Reserve's policy decision later in the week. The Hang Seng Index fell 1.04 percent, or 190.61 points, to 18,176.34. The Shanghai...

Hong Kong Shares Open Higher on New US Rate Cut Hopes

Wednesday, 5 June 2024 15:22 WIB | Root

Hong Kong stocks edged up in the opening minutes of Wednesday after a weak US jobs reading gave a shot in the arm to hopes for a Federal Reserve interest rate cut. The Hang Seng Index edged up 0.25 percent, or 45.67 points, to 18,489.78. The Shanghai Composite Index lost 0.17 percent, or 5.15...

Hong Kong Shares Jump at Open

Monday, 3 June 2024 15:22 WIB | Root

Hong Kong stocks rallied more than one percent at the open Monday after fresh US inflation data lifted hopes that the Federal Reserve will cut interest rates this year. The Hang Seng Index climbed 1.13 percent, or 203.95 points, to 18,283.56. The Shanghai Composite Index was barely moved,...

Hong Kong Shares Bounced at Open

Friday, 31 May 2024 15:20 WIB | Root

Hong Kong stocks rebounded Friday morning after three days of losses, helped by data indicating the US economy grew slower than expected in the first quarter. The Hang Seng Index climbed 0.98 percent, or 179.43 points, to 18,409.62. The Shanghai Composite Index edged up 0.10 percent, or 3.08...

Hong Kong Stocks Open with Fresh Losses

Wednesday, 29 May 2024 15:26 WIB | Root

Hong Kong shares fell at the beginning of business Wednesday on concerns about the likelihood the Federal Reserve will cut interest rates at all this year. The Hang Seng Index sank 0.86 percent, or 161.75 points, to 18,659.41. The Shanghai Composite Index dipped 0.05 percent, or 1.55 points, to...

Hong Kong Stocks Open on Back Foot

Tuesday, 28 May 2024 15:24 WIB | Root

Hong Kong stocks opened slightly lower Tuesday morning as traders stepped back after the previous day's rally, with focus on the release of key US inflation data due this week. The Hang Seng Index dipped 0.07 percent, or 13.34 points, to 18,814.01. The Shanghai Composite Index edged down 0.05...

Hong Kong Stocks Finish Week With More Gains

Friday, 10 May 2024 22:10 WIB | Root

Hong Kong stocks rallied Friday on fresh hopes for US interest rate cuts as well as a report saying China was considering scrapping dividend taxes on Hong Kong shares bought via the Stock Connect. The Hang Seng Index jumped 2.30 percent, or 425.87 points, to 18,963.68. The Shanghai Composite...

Hong Kong Stocks Finish With Losses

Wednesday, 8 May 2024 22:04 WIB | Root

Hong Kong stocks finished with another loss Wednesday as investors took a breather after a 10-day winning run, though they remain optimistic over the outlook for US interest rate cuts this year. The Hang Seng Index sank 0.90 percent, or 165.51 points, to 18,313.86. The Shanghai Composite Index...

Hong Kong Stocks Finally Drop after 10-Day Rally

Tuesday, 7 May 2024 22:05 WIB | Root

Hong Kong stocks ended with losses Tuesday, bringing an end to a 10-day winning streak, even after another strong performance on Wall Street, though traders remain hopeful for a US interest rate cut this year. The Hang Seng Index fell 0.53 percent, or 98.93 points, to 18,479.37. But the Shanghai...

Hong Kong Rises for 10th Day, Shanghai Rallies on Return

Monday, 6 May 2024 22:03 WIB | Root

Hong Kong stocks extended gains into a 10th successive day Monday after US jobs data boosted interest rate cut hopes, while mainland Chinese markets rallied as they returned from a break to play catch-up with last week's global gains. The Hang Seng Index climbed 0.55 percent, or 102.38 points, to...

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