South Korean shares sank more than 10% on Wednesday, wiping off $430 billion in value just this week, after the won currency hit a 17-year low on a widening Middle East war, prompting heavy selling in a market that had been the world’s hottest. A dealer walks past near a screen showing the foreign exchange…
South Korean retail investors, known for their aggressive trading style, are ramping up exposure to Chinese artificial intelligence-related stocks, even as their home market ranks among the world’s top performers. Data from SEIBro, a portal operated by the Korea Securities Depository, showed that South Korean retail investors bought US$507 million worth of Hong Kong-listed shares…
Hong Kong stocks rose on Wednesday, ending a two-day decline as American investor Cathie Wood’s investment in Alibaba Group Holding sparked risk appetite while the market operated smoothly under the shadow of one of the city’s most severe typhoons. The Hang Seng Index rose 0.9 per cent to 26,397.98 at the noon break. The Hang…
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…
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…
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…
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…
Global markets today: Asian markets showed a mixed trend on Monday, with investors closely monitoring the People’s Bank of China’s upcoming decision on the 1-year and 5-year loan prime rates for July, along with recent trade-related developments. South Korea’s markets opened on a positive note, with the Kospi index rising 0.45 per cent, while the…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
Global markets today: Asian markets trade mix on Tuesday, July 15, as investors seem to brush aside the uncertainty surrounding U.S. President Donald Trump’s fluctuating tariff stance and shift their focus to upcoming economic data from China. Japan’s Nikkei 225 remained largely unchanged, while the broader Topix index rose by 0.32 per cent. Japan’s 10-year…