Hong Kong Stock Market Expected To Open In The Red On Friday

RTTNews | 1032 दिनों पहले
Hong Kong Stock Market Expected To Open In The Red On Friday

(RTTNews) - The Hong Kong stock market has climbed higher in back-to-back sessions, accelerating more than 480 points or 2.5 percent along the way. The Hang Seng Index now sits just beneath the 19,680-point plateau although investors may cash in on Friday.

The global forecast for the Asian markets is soft on continuing concerns over the health of the world economy. The European and U.S. markets were sharply lower and the Asian markets are expected to follow that lead.

The Hang Seng finished sharply higher on Thursday with gains across the board, especially from the properties and technology stocks.

For the day, the index surged 518.73 points or 2.71 percent to finish at 19,679.22 after trading between 19,475.68 and 19,735.00.

Among the actives, Alibaba Group and Country Garden both spiked 4.09 percent, while Alibaba Health Info added 1.50 percent, ANTA Sports soared 4.92 percent, China Life Insurance collected 2.30 percent, China Mengniu Dairy surged 5.77 percent, China Resources Land gained 1.32 percent, CITIC and New World Development both jumped 2.81 percent, CNOOC dipped 0.10 percent, CSPC Pharmaceutical perked 0.24 percent, Galaxy Entertainment strengthened 2.38 percent, Hang Lung Properties rose 0.82 percent, Henderson Land climbed 2.32 percent, Hong Kong & China Gas increased 1.65 percent, Industrial and Commercial Bank of China collected 1.57 percent, JD.com soared 6.21 percent, Lenovo rallied 3.20 percent, Li Ning skyrocketed 7.39 percent, Meituan surged 6.89 percent, Techtronic Industries improved 1.71 percent, Xiaomi Corporation spiked 4.36 percent and WuXi Biologics advanced 2.15 percent.

The lead from Wall Street is broadly negative as the major averages opened deep in the red and the losses accelerated as the day progressed.

The Dow tumbled 348.99 points or 1.05 percent to finish at 33,037.49, while the NASDAQ plunged 233.25 points or 2.18 percent to close at 10,476.12 and the S&P 500 dropped 56.05 points or 1.45 percent to end at 3,822.39.

The pullback on Wall Street came as some traders cashed in on Wednesday's gains amid ongoing concerns about the outlook for interest rates and the global economy.

Stocks saw further downside following the release of a report from the Conference Board showing a continued slump by its reading on leading U.S. economic indicators in the month of November.

Crude oil futures pared early gains and settled lower on Thursday, snapping a three-day winning streak as the dollar advanced on rate hike bets. West Texas Intermediate Crude oil futures for February ended $0.80 lower at $77.49 a barrel, falling from a high of $79.90 a barrel.

read more
FTSE 100 Modestly Higher; Defence Stocks Shine

FTSE 100 Modestly Higher; Defence Stocks Shine

The UK stock market is modestly higher on Monday, supported by gains in shares of defence and financial companies. In addition to tracking the developments on the geopolitical and trade front, investors are also reacting to some corporate news.
RTTNews | 12 मिनटों पहले
Sensex, Nifty Close Higher For 4th Straight Session

Sensex, Nifty Close Higher For 4th Straight Session

Indian shares closed higher for a fourth straight session on Monday, as encouraging results from Reliance Industries and several banks helped lift sentiment. Easing concerns about U.S.-China trade tensions contributed as well to the positive show by the market.
RTTNews | 28 मिनटों पहले
Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a strongly positive note on Monday, tracking the Wall Street rally on Friday linked to easing trade tensions between the U.S. and China.
RTTNews | 1घंटे 0 मिनट पहले
CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

French stocks are turning in a mixed performance on Monday with investors tracking corporate news, and digesting S&P Global Ratings' downgrade of France amid fiscal risk and uncertainty surrounding government's finances.
RTTNews | 1घंटे 25 मिनट पहले
DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

German stocks are gaining some notable ground in positive territory on Monday, recovering well from previous session's sharp decline. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the market.
RTTNews | 1घंटे 52 मिनट पहले
Yen Falls Amid Japan Political Jitters

Yen Falls Amid Japan Political Jitters

The Japanese yen weakened against other major currencies in the Asian session on Monday, amid renewed concerns about Japan's fiscal crisis.
RTTNews | 3घंटे 25 मिनट पहले
China GDP Growth Softens Less Than Expected

China GDP Growth Softens Less Than Expected

China's economic growth eased less than feared in the third quarter, indicating that the country remains on track to achieve its full year target despite tariff tensions and deepening property market downturn. Gross domestic product expanded 4.8 percent on a yearly basis in the third quarter after rising 5.2 percent a quarter ago, the National Bureau of Statistics reported Monday.
RTTNews | 3घंटे 42 मिनट पहले
Commodity Currencies Rise After China Rate Decision

Commodity Currencies Rise After China Rate Decision

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday, following the People's Bank of China's (PBOC) decision to maintain its interest rate stability.
RTTNews | 3घंटे 52 मिनट पहले