Mild Upside Seen For Hong Kong Stock Market

RTTNews | 1日前

(RTTNews) - The Hong Kong stock market on Monday ended the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 26,150-point plateau and it's tipped to open in the green on Tuesday.

The global forecast for the Asian markets is murky, with technology stocks expected to provide a slight bump. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit.

The Hang Seng finished sharply higher on Monday following gains from the financial shares and technology stocks, while the property sector was mixed.

For the day, the index rallied 251.71 points or 0.97 percent to finish at 26,158.36 after trading between 25,920.27 and 26,217.12.

Among the actives, Alibaba Group slumped 1.15 percent, while Alibaba Health Info advanced 0.86 percent, ANTA Sports added 0.43 percent, China Life Insurance collected 0.24 percent, China Mengniu Dairy increased 0.50 percent, China Resources Land strengthened 1.28 percent, CITIC jumped 1.41 percent, CNOOC soared 3.49 percent, CSPC Pharmaceutical improved 0.52 percent, Galaxy Entertainment dropped 0.88 percent, Haier Smart Home sank 0.71 percent, Hang Lung Properties shed 0.58 percent, Henderson Land vaulted 1.39 percent, Hong Kong & China Gas dipped 0.14 percent, Industrial and Commercial Bank of China accelerated 2.49 percent, JD.com fell 0.31 percent, Lenovo climbed 1.06 percent, Li Auto rallied 1.44 percent, Li Ning gained 0.41 percent, Meituan rose 0.29 percent, New World Development spiked 3.06 percent, Nongfu Spring expanded 1.36 percent, Techtronic Industries lost 0.50 percent, Xiaomi Corporation surged 3.52 percent and WuXi Biologics stumbled 1.60 percent.

The Dow dropped 226.19 points or 0.48 percent to finish at 47,336.68, while the NASDAQ climbed 109.77 points or 0.46 percent to close at 23,834.72 and the S&P 500 rose 11.77 points or 0.17 percent to end at 6,851.97.

The gain by the tech-heavy NASDAQ reflected a sharp increase by shares of Amazon (AMZN) after it announced a $38 billion agreement with OpenAI. Market leader Nvidia (NVDA) also rallied after software giant Microsoft (MSFT) revealed it has secured export licenses to ship Nvidia chips to the United Arab Emirates.

On the other hand, shares of Merck (MRK) weighed on the Dow, as did Nike (NKE), 3M (MMM) and Chevron (CVX).

In U.S. economic news, the Institute for Supply Management said manufacturing activity unexpectedly contracted at a slightly faster rate in October.

Crude oil prices edged slightly higher on Monday after OPEC agreed to halt production hikes for the first quarter of 2026. West Texas Intermediate crude for December delivery was up $0.07 or 0.11 percent at $61.05 per barrel.

China Services Activity Expands On New Business

China's service sector continued to grow in October as new business growth accelerated despite a fall in export sales, survey data published by S&P Global showed on Wednesday. The headline RatingDog service Purchasing Managers' Index fell to 52.6 in October from 52.9 in September. Although the growth was the softest in three months, the sector extended the current period of expansion.

RTTNews | 1時17分前

European Shares Set To Follow Wall Street Lower On Tech Valuation Concerns

European stocks may open lower on Wednesday as investors fret about a weakening U.S. economy and highly elevated valuations for many artificial intelligence companies.

RTTNews | 1時28分前

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.

RTTNews | 3時39分前

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst. Asian markets closed mostly lower on Tuesday.

RTTNews | 3時57分前

Indian Markets Closed For Guru Nanak Jayanti

Indian markets remain closed today for a public holiday in observance of Guru Nanak Jayanti.

RTTNews | 4時35分前

No Help Yet For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | 5時4分前

Indonesia Shares Tipped To Open In The Red

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.

RTTNews | 5時34分前

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous four sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling nearly 3 percent to below the 50,050 level, with weakness across most sectors led by index heavyweights and technology stocks.

RTTNews | 5時41分前

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