Asian markets traded mostly higher on Thursday, while US stock market ended sharply lower overnight amid concerns over economic growth. While Japanese and South Korean markets traded higher, Hong Kong markets are likely to open on a weak note. Investor sentiment dampened after US Federal Reserve Chair Jerome Powell cautioned that US President Donald Trump’s…
Hong Kong’s benchmark stock index soared, tracking advances across most Asia-Pacific markets, after US President Donald Trump put a 90-day pause on his import tariffs for most of America’s trading partners except China. The Hang Seng Index rose 4.5 per cent to 21,169.82 at 10am local time, the biggest jump since October. On the mainland,…
Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. The Hang Seng Index declined 0.3 per cent to 23,520.73 as of 9.45am local time, adding to a loss of 3.2 per cent since March…
Stocks in Hong Kong traded between gains and losses as global banks including Citigroup and Goldman Sachs retained their bullish views on Chinese equities on valuation appeal, following a three-day market slide stoked by recession risks. The Hang Seng Index fell 0.1 per cent at 23,752.53 as of 10.50am local time on Wednesday, after rising…
New York, US: Share markets across the globe witnessed sharp losses after a selloff in America, triggered by US President Donald Trump on Monday refusing to rule out the suggestion that his tariffs could trigger a recession in the world’s biggest economy. US bond yields also dropped as investor worries about the potential economic slowdown…
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 fell, snapping a six-day winning streak after broad losses among technology companies, while weaker-than-expected earnings from New Oriental Education & Technology deepened losses. The Hang Seng Index fell 1.4 per cent to 19,830.27 as of 9.57am local time, while the Hang Seng Tech Index lost 2.1 per cent. On the mainland, the…