Sentiment in Asian markets remained mixed as markets keenly watched the developments on the trade tariff front. Expectations of a potential Russia-Ukraine peace deal also swayed sentiment. China’s Shanghai Composite Index added 0.27 percent to finish trading at 3,355.83. The day’s trading ranged between 3,357.12 and 3,333.19. The Shenzhen Component Index closed 0.39 percent higher…
Hong Kong stocks jumped following a positive phone call between Chinese President Xi Jinping and US president-elect Donald Trump. The Hang Seng Index added 2.3 per cent to 20,041.09 at the noon trading break, while the Hang Seng Tech Index rallied 3.2 per cent. On the mainland, the CSI 300 Index climbed 0.9 per cent…
China envisions Hong Kong’s capital markets as a beacon of prosperity, having lifted the city out of social chaos in June 2020. This week, Beijing backed that goal with vocal support at an investment summit attended by CEOs of global banks and money managers. Do global investors share the optimism? The question has never been…
* China shares slump as shape of Trump administration raises anxiety Hang Seng breaks support at 20,000 * Yuan slides to lowest since August * Chip, defence shares hit hardest By Jiaxing Li HONG KONG, – Hong Kong stocks tumbled to a seven-week low on Tuesday and Chinese markets notched their heaviest fall in nearly…
HONG KONG (AP) — Asian markets were mixed on Wednesday with Japan’s benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high. Hong Kong’s Hang Seng was down 1.3% to 20,438.54 and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225…
Mainland China stocks plunged on Wednesday, October 9, snapping a 10-day winning streak after officials failed to inspire confidence in stimulus plans to revive the economy. Following the losses, the frontline benchmark Shanghai Composite index fell over seven per cent, its worst loss since February 2020, when fears were rising about COVID-19 emanating from Wuhan…
China’s stock rally is fading after the Shanghai Composite (000001.SS) fell more than 6% and the Hang Seng (^HSI) fell more than 1% after Tuesday marked its worst day since 2008. Yahoo Finance Senior Reporter Alexandra Canal reports more on the movement as concerns grow about China’s stimulus efforts. To watch more expert insights and…
(Bloomberg) — Chinese shares listed in Hong Kong advanced Wednesday, extending a stimulus-induced rally as traders returned from a public holiday. Most Read from Bloomberg The Hang Seng China Enterprises Index climbed as much as 4%, extending its winning streak to 13 days, the longest run of gains since January 2018. Chinese property developers led…
Emerging market investors, who minted money following the mantra of ‘Buy India, Sell China’ in the last 2 years, are now beginning to take reverse steps following Beijing’s bazooka stimulus for rescuing the economy and markets. After languishing against other EM peers, the Chinese stock market has roared back to life with CSI300 jumping 25%…