Hong Kong stocks rallied on Wednesday, setting the benchmark gauge for its best one-day performance in seven weeks, as tame US inflation data fuelled rate-cut expectations and corporate earnings prospects brightened. The Hang Seng Index rose 1.9 per cent to 25,439.91 at the noon break, the most since a 2.1 per cent gain on June…
Hong Kong stocks traded in a narrow range on Tuesday, as traders looked past the US tariff pause extension to focus on economic data and earnings. The Hang Seng Index added 0.1 per cent to 24,929.34 at the noon break. The Hang Seng Tech Index dropped 0.4 per cent. On the mainland, the CSI 300…
Foreign inflows to Chinese stocks will probably continue after the summer, as a regulatory push to boost shareholder returns, appealing valuations and rising expectations of interest-rate cuts in the US lure investors, according to Morgan Stanley. The rotation back to Chinese stocks was expected to be “stronger” after two consecutive months of net buying by…
Trading in Hong Kong was subdued on Monday ahead of the expiry of the US-China tariff deadline and earnings from China’s biggest technology companies. The Hang Seng Index fluctuated between gains and losses, rising 0.2 per cent to 24,906.90 at the noon break. The Hang Seng Tech Index added 0.1 per cent. On the mainland,…
An upbeat mood in global equities extended Hong Kong stocks’ winning streak to four days on Thursday, as investors anticipated a rate cut by the Federal Reserve and looked past the fallout of tariffs on economic growth. The Hang Seng Index rose 0.4 per cent to 25,001.64 as of 10.12am local time. The Hang Seng…
Concerns about the durability of China’s growth and corporate earnings reports put Hong Kong stocks on track for their first weekly decline in nearly a month, as investors moved beyond their optimism about the outcomes of tariff talks. The Hang Seng Index retreated 0.2 per cent to 24,727.78 at the noon break on Friday. For…
Caution returned to Hong Kong stocks as the city’s benchmark fell from its highest point in three years, with investors gearing up for the US Federal Reserve’s rate decision and earnings reports. The Hang Seng Index fell 0.9 per cent to 25,316.44 as of 10.08am local time on Tuesday, while the Hang Seng Tech Index…
Hong Kong stocks started the week on a solid note after the US and the European Union (EU) agreed on a trade deal with a lower-than-expected tariff rate that could prevent the global economy from slipping into a recession. The Hang Seng Index rose 0.6 per cent to 25,533.23 at 10.07am local time, while the…
The run-up that drove Hong Kong stocks to the highest level in more than three and a half years continued on Wednesday after the US scheduled a fresh round of talks with China next week and clinched a trade deal with Japan, reducing concerns about damage to the global economy. The Hang Seng Index rose…
Hong Kong stocks fluctuated between gains and losses on Tuesday as investors awaited a high-level government meeting in China that may set the policy tone for the second half. The Hang Seng Index rose 0.1 per cent to 24,996.73 as of 10.07am local time. The Hang Seng Tech Index was little changed. On the mainland,…