Hong Kong stocks rose on Wednesday, ending a two-day decline as China’s shaky economic outlook fuelled stimulus bets. The Hang Seng Index rose 0.3 per cent to 26,240.34 as of 10am. The Hang Seng Tech Index rose 0.4 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added about…
Pedestrians crossing street at night in Hong Kong, China Nathan Road Nikada | E+ | Getty Images Taiwan benchmark Taiex rose 1.42% to a record high Tuesday, amid broader gains in Asia, fueled by a tech rally on Wall Street after Nvidia announced a partnership with OpenAI. The index closed at 26,247.37. Australia’s ASX/S&P 200…
Hong Kong stocks fell on Tuesday after a high-level briefing on Monday failed to deliver the easing measures some investors had anticipated. The Hang Seng Index lost 0.5 per cent to 26,221.67 as of 9.45am. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index gained 0.4 per cent…
For one of the biggest disconnects between financial markets and economies in Asia, look no further than Hong Kong. The dramatic revival of the city’s stock market this year has catapulted it to the top of the global rankings for initial public offerings (IPOs). Mainland Chinese companies are lining up in droves to list in…
Hong Kong stocks slid on Monday after a highly anticipated call on Friday between US President Donald Trump and Chinese President Xi Jinping provided investors with little to whet their risk appetite. The Hang Seng Index lost 0.9 per cent to 26,302.67 as of 11am local time. The Hang Seng Tech Index dropped 1 per…
People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Japan’s benchmark Nikkei 225 index pared gains to fall 0.59% Friday, after the Bank of Japan kept its policy rate steady at 0.5%, in line with the forecast from a Reuters poll of economists. The benchmark index had hit a fresh record…
Hong Kong stocks fell for a second day on Friday as investors held back ahead of a closely watched talk between US President Donald Trump and Chinese President Xi Jinping, which could yield signals on tariffs, TikTok’s fate and the battle for tech dominance. The Hang Seng Index slid 0.2 per cent to 26,485.31 as…
Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on the pace of future easing. The Hang Seng Index slipped 0.2 per cent to 26,860.61 as of noon trading break, after jumping as much as 0.6 per cent to top 27,000 points. The Hang Seng…
Tokyo is one of the most densely populated cities in the world, while rural areas of Japan are suffering with ageing populations and declining birth rates. Prisma by Dukas / Contributor / Getty Images Asia-Pacific markets traded mixed Wednesday as investors awaited the outcome of the U.S. Federal Reserve‘s two-day meeting, where it is expected…
This Oct 18, 2024, photo shows a general view of the Central business district of Hong Kong. (SHAMIM ASHRAF / CHINA DAILY) Hong Kong lenders may not fully align their prime rate cuts with the Federal Reserve’s anticipated easing, but the United States (US)’ central bank’s likely move is expected to have a positive impact…