Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
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…
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,…
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,…
After maniac Monday, Asian markets bounced back on Tuesday following a brutal global sell-off, with Japan’s Nikkei 225 surging over 6 per cent in early trade after suffering a sharp 8 per cent decline the previous day. The recovery came amid continued volatility sparked by growing fears of an international recession as the US-China trade…
Hong Kong Financial Secretary Paul Chan Mo-po warned of more volatile trading ahead but refrained from intervening in the market after the city’s benchmark Hang Seng Index suffered its steepest fall in decades on Monday amid fears over repercussions of US President Donald Trump’s trade war. While Chan held off from introducing measures, he nevertheless…
Hong Kong stocks fell on Wednesday as US President Donald Trump’s expected tariff announcement in Washington cast a shadow of uncertainty over global trade. The Hang Seng Index dropped 0.8 per cent to 23,020.80 as of 9.40am local time. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index…
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…
Hong Kong stocks swung between gains and losses on Thursday, as volatility increased after a tech-driven rally sent key benchmarks to multi-year highs. The Hang Seng Index dropped from a three-year high, falling 0.4 per cent to 23,705.54 as of 10.13am local time. The Hang Seng Tech Index lost 0.7 per cent after briefly touching…
Hong Kong stocks recovered some ground on Tuesday after trading lower earlier in the session, as geopolitical tensions flared up following the US’ move to restrict Chinese investment in American technology and infrastructure. The Hang Seng Index was down 0.7 per cent to 23,193.20 as of 11.35am local time. At one point, the benchmark was…