Hong Kong Shares Tipped To Open In The Red On Tuesday

RTTNews | 6 hari yang lalu
Hong Kong Shares Tipped To Open In The Red On Tuesday

(RTTNews) - The Hong Kong stock market has moved higher in back-to-back sessions, gathering almost 600 points or 2.4 percent in that span. The Hang Seng Index now sits just beneath the 25,000-point plateau although it may be stuck in neutral on Tuesday.

The global forecast for the Asian markets offers little clarity as investors wait and see what happens with tariff deadlines. The European and U.S. markets were mixed and little changed and the Asian bourses are expected to open in similar fashion.

The Hang Seng finished modestly higher on Monday following gains from the property stocks and a mixed picture from the technology shares.

For the day, the index gained 168.48 points or 0.68 percent to finish at 24,994.14 after trading between 24,844.80 and 25,010.90.

Among the actives, Alibaba Group strengthened 1.81 percent, while ANTA Sports dropped 0.91 percent, China Life Insurance accelerated 2.24 percent, China Mengniu Dairy gained 0.83 percent, China Resources Land expanded 1.76 percent, CITIC rallied 2.19 percent, CNOOC advanced 1.30 percent, CSPC Pharmaceutical stumbled 2.07 percent, Galaxy Entertainment shed 0.67 percent, Haier Smart Home increased 1.21 percent, Hang Lung Properties gathered 0.54 percent, Henderson Land collected 0.38 percent, Hong Kong & China Gas added 0.89 percent, Industrial and Commercial Bank of China sank 0.81 percent, JD.com jumped 2.11 percent, Lenovo rose 0.59 percent, Li Auto slumped 1.29 percent, Li Ning spiked 2.34 percent, Meituan soared 2.75 percent, New World Development improved 1.26 percent, Nongfu Spring surged 2.91 percent, Techtronic Industries lost 0.33 percent, Xiaomi Corporation climbed 1.32 percent, WuXi Biologics tanked 1.93 percent and Alibaba Health Info was unchanged.

The lead from Wall Street is uninspired as the major averages opened solidly higher on Monday but ebbed throughout the session before ending mixed and little changed.

The Dow sank 19.12 points or 0.04 percent to finish at 44,323.07, while the NASDAQ gained 78.52 points or 0.38 percent to close at a fresh record 20,974.17 and the S&P 500 rose 8.81 points or 0.14 percent to end at 6,305.60 - also a record.

The early strength on Wall Street reflected optimism about potential trade deals, with Commerce Secretary Howard Lutnick saying he is confident the U.S. will reach an agreement with the European Union.

Buying interest waned over the course of the session, however, as traders looked ahead to the release of earnings news from several big-name companies this week, including Google parent Alphabet (GOOGL), Tesla (TSLA) and Intel (INTC).

On the U.S. economic front, a report released by the Conference Board showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June.

Crude oil prices slipped on Monday as investors seem concerned that heavy tariffs could block international trade and reduce demand for oil and energy. West Texas Intermediate crude for August delivery dipped $0.11 to $69.17 per barrel.

read more
European Markets Fail To Hold Gains, Settle Weak

European Markets Fail To Hold Gains, Settle Weak

Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
RTTNews | 35 minit yang lalu
Canadian Market Modestly Lower; Materials Stocks Decline

Canadian Market Modestly Lower; Materials Stocks Decline

Despite the U.S.-European Union agreeing on a trade deal over the weekend, the mood in the market remains cautious. The market slipped after opening flat Monday morning, and despite staging a recovery subsequently, remains in negative territory, weighed down by losses in materials sector due to weak metal prices.
RTTNews | 1j 49min yang lalu
Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla's next-generation AI6 chip.
RTTNews | 3j 58min yang lalu
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

Canadian shares may open on a positive note Monday morning following the U.S. and European Union agreeing on a trade deal.
RTTNews | 5j 16min yang lalu
FTSE 100 Retreats After Positive Start, Down Marginally

FTSE 100 Retreats After Positive Start, Down Marginally

The U.K. market is down slightly a little past noon on Monday, having shed early gains, as investors await a slew of corporate earnings announcements due this week. Reports about the EU and U.S. arriving at a trade deal lifted sentiment in European markets this morning, but most of the major markets are off early highs with the focus shifting to earnings and economic data.
RTTNews | 6j 14min yang lalu
CAC 40 Up Over 0.5% As Trade Tensions Ease

CAC 40 Up Over 0.5% As Trade Tensions Ease

After opening on a firm note, French stocks gave up some gains Monday morning as investors turned a bit cautious, looking ahead to some crucial earnings and economic data due this week. The positive start came amid easing concerns over tariff as the U.S. and EU arrived at a trade deal over the weekend.
RTTNews | 6j 34min yang lalu
DAX Pares Gains After Bright Start

DAX Pares Gains After Bright Start

German stocks opened on a firm note Monday morning as trade war concerns eased after the U.S. and the European Union agreed on a trade deal. However, the market pared most of its gains subsequently as investors look ahead to some crucial earnings updates and economic data this week.
RTTNews | 6j 57min yang lalu