Hong Kong Shares Tipped To Open In The Green

RTTNews | il y a 654
Hong Kong Shares Tipped To Open In The Green

(RTTNews) - The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 500 points or 3 percent in that span. The Hang Seng Index now rests just above the 16,530-point plateau although it may find support on Monday.

The global forecast for the Asian markets is murky as investors try to balance upbeat economic data against its consequences for interest rates. The European markets were down on Friday and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

The Hang Seng finished modestly lower on Friday following losses from the financial shares and technology stocks, while the properties came in mixed.

For the day, the index lost 110.67 points or 0.66 percent to finish at 16,535.33 after trading between 16,455.57 and 16,745.73.

Among the actives, Alibaba Group plunged 3.24 percent, while Alibaba Health Info declined 2.03 percent, ANTA Sports slid 0.21 percent, China Life Insurance dropped 1.03 percent, China Mengniu Dairy weakened 1.31 percent, China Resources Land rallied 0.94 percent, CITIC skidded 1.16 percent, CNOOC jumped 1.65 percent, Country Garden and CLP Holdings both eased 0.16 percent, CSPC Pharmaceutical tumbled 2.18 percent, ENN Energy surged 3.69 percent, Galaxy Entertainment tanked 2.83 percent, Haier Smart Home soared 2.80 percent, Hang Lung Properties fell 0.39 percent, Hong Kong & China Gas advanced 0.68 percent, Industrial and Commercial Bank of China lost 0.79 percent, JD.com stumbled 1.59 percent, Lenovo plummeted 3.93 percent, Li Ning retreated 1.77 percent, Meituan added 0.32 percent, New World Development slumped 1.42 percent, Techtronic Industries sank 0.97 percent, Xiaomi Corporation shed 0.93 percent, WuXi Biologics surrendered 2.48 percent and Henderson Land was unchanged.

The lead from Wall Street offers little clarity as the major averages saw considerable volatility on Friday before ending with slight gains.

The Dow added 25.81 points or 0.07 percent to finish at 37,466.11, while the NASDAQ rose 13.77 points or 0.09 percent to close at 14,524.07 and the S&P 500 perked 8.56 points or 0.18 percent to end at 4,697.24.

For the week, the major averages were down for the first time in 10 weeks as the NASDAQ plunged 3.3 percent, the S&P 500 slumped 1.5 percent and the Dow slid 0.6 percent.

The volatility came as traders reacted to key U.S. economic data, including a closely watched Labor Department report showing stronger than expected job growth in December.

While the data initially raised concerns about the outlook for interest rates, positive sentiment prevailed as traders digested the details of the report, which also showed notable downward revisions to job growth in October and November.

Crude oil showed a strong move to the upside on Friday, reflected ongoing fears of an escalation of the Israel-Hamas war into a broader regional conflict. West Texas Intermediate for February delivery surged $1.62 or 2.2 percent to $73.81 a barrel.

read more
South Korea Rate Decision On Tap For Thursday

South Korea Rate Decision On Tap For Thursday

The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
RTTNews | il y a 42 minutes
Swiss Market Ends Slightly Weak

Swiss Market Ends Slightly Weak

The Switzerland market edged down marginally on Wednesday after a cautious session, as investors looked for directional clues.
RTTNews | il y a 4h 32min
Major European Markets Close Weak; UK Market Outperforms

Major European Markets Close Weak; UK Market Outperforms

The major European markets closed mostly lower on Wednesday as investors reacted to earnings updates and other corporate news, in addition to following the developments on the trade front and digesting geopolitical news.
RTTNews | il y a 5h 6min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian stocks may open on a mixed note on Wednesday, tracking commodity prices and quarterly earnings announcements. The mood is likely to remain cautious amid tariff concerns, and uncertainty about the outlook for interest rate cuts next week.
RTTNews | il y a 9h 52min
Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%

Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%

Indonesia's central bank unexpectedly kept its key interest rate unchanged on Wednesday after three consecutive reductions as policymakers assess the impact of the previous easing. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to hold the BI rate at 4.75 percent. The bank was expected to cut the rate by 25 basis points.
RTTNews | il y a 9h 56min
FTSE 100 Rises Nearly 1% On Soft Inflation Data

FTSE 100 Rises Nearly 1% On Soft Inflation Data

The U.K. market is up in positive territory on Wednesday, outperforming other major markets in Europe, thanks to softer-than-expected consumer price inflation data.
RTTNews | il y a 11h 23min