Oversold Hong Kong Bourse Expected To Open Higher On Wednesday

RTTNews | 181日前

(RTTNews) - The Hong Kong stock market has finished higher in three straight sessions, climbing more than 930 points or 3.9 percent along the way. The Hang Seng Index now sits just above the 24,175-point plateau and it's expected to open to the upside again on Wednesday.

The global forecast for the Asian markets is upbeat following news of a ceasefire between Israel and Iran. The European and U.S. markets were up and the Asian bourses figure to follow that lead.

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

For the day, the index spiked 487.94 points or 2.06 percent to finish at 24,177.07 after trading between 23,832.73 and 24,229.21.

Among the actives, Alibaba Group advanced 1.71 percent, while Alibaba Health Info spiked 3.22 percent, ANTA Sports jumped 2.58 percent, China Life Insurance skyrocketed 3.88 percent, China Mengniu Dairy improved 1.62 percent, CITIC rallied 2.83 percent, CNOOC slumped 1.10 percent, CSPC Pharmaceutical soared 3.50 percent, Galaxy Entertainment surged 3.03 percent, Haier Smart Home increased 1.54 percent, Hang Lung Properties fell 0.29 percent, Hong Kong & China Gas rose 0.91 percent, Industrial and Commercial Bank of China collected 1.91 percent, JD.com added 1.44 percent, Lenovo climbed 2.21 percent, Li Auto accelerated 3.81 percent, Li Ning jumped 2.91 percent, Meituan skidded 1.07 percent, New World Development gained 1.34 percent, Nongfu Spring strengthened 2.90 percent, Techtronic Industries surged 3.82 percent, Xiaomi Corporation soared 3.74 percent, WuXi Biologics rallied 3.67 percent and China Resources Land and Henderson Land were unchanged.

The lead from Wall Street is positive as the major averages opened solidly higher and remained in the green throughout the trading day, ending near session highs.

The Dow jumped 507.24 points or 1.19 percent to finish at 43,089.02, while the NASDAQ rallied 281.56 points or 1.43 percent to close at 19,912.53 and the S&P 500 improved 67.01 points or 1.11 percent to end at 6,092.18.

The continued strength on Wall Street came after news that a ceasefire between Israel and Iran is now in effect. While both sides have accused each other of violating the ceasefire, traders appeared to remain optimistic about easing tensions in the Middle East.

Meanwhile, traders largely shrugged off comments from Federal Reserve Chair Jerome Powell indicating the central bank will remain on hold despite pressure from Trump to lower interest rates.

On the U.S. economic front, the Conference Board released a report showing an unexpected deterioration by consumer confidence in the month of June.

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

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RTTNews | 1時29分前

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 3時55分前

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 4時4分前

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 4時7分前

Canadian Dollar Rises Against U.S. Dollar

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Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 6時5分前

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 6時10分前

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