Hong Kong Bourse May Reclaim Tuesday's Losses

RTTNews | 577 дней спустя
Hong Kong Bourse May Reclaim Tuesday's Losses

(RTTNews) - The Hong Kong stock market on Tuesday halted the two-day winning streak in which it had advanced more than 350 points or 2 percent. The Hang Seng Index now rests just above the 17,110-point plateau although it's likely to open higher again on Wednesday.

The global forecast for the Asian markets is cautiously optimistic ahead of the Federal Reserve's monetary policy announcement later today. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The Hang Seng finished sharply lower on Tuesday following losses from the property stocks and technology companies.

For the day, the index tumbled 293.88 points or 1.69 percent to finish at 17,112.48 after trading between 17,042.10 and 17,337.70.

Among the actives, Alibaba Group slumped 2.20 percent, while Alibaba Health Info slid 1.28 percent, ANTA Sports declined 2.59 percent, China Life Insurance dipped 0.93 percent, China Mengniu Dairy skidded 2.11 percent, China Resources Land surrendered 3.14 percent, CITIC stumbled 2.49 percent, CNOOC fell 1.40 percent, Country Garden plunged 4.07 percent, CSPC Pharmaceutical jumped 1.94 percent, ENN Energy rallied 2.14 percent, Galaxy Entertainment slipped 1.02 percent, Hang Lung Properties eased 0.19 percent, Henderson Land lost 1.45 percent, Hong Kong & China Gas retreated 2.50 percent, Industrial and Commercial Bank of China collected 0.53 percent, JD.com shed 1.48 percent, Lenovo plummeted 5.31 percent, Li Ning sank 2.04 percent, Meituan tumbled 2.98 percent, New World Development was down 0.69 percent, Techtronic Industries weakened 2.13 percent, Xiaomi Corporation dropped 2.09 percent and WuXi Biologics tanked 3.76 percent.

The lead from Wall Street is positive as the major averages shook off early weakness on Tuesday, moving into positive territory by midday and ending firmly in the green.

The Dow advanced 123.91 points or 0.38 percent to finish at 33,052.87, while the NASDAQ added 61.76 points or 0.48 percent to close at 12,851.24 and the S&P 500 gained 26.98 points or 0.65 percent to end at 4,193.80.

The early weakness on Wall Street reflected a negative reaction to a Labor Department report showing that employment costs jumped slightly more than expected in the third quarter.

Selling pressure waned shortly after the start of trading, however, as traders seemed reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement later today.

The subsequent rebound by stocks came as traders resumed Monday's bargain hunting, as stocks remain at relatively reduced levels despite the rally seen in the previous session.

Oil prices dropped on Tuesday, and posted a monthly loss as well, as concerns about the outlook for energy demand and a stronger dollar weighed on the commodity. West Texas Intermediate crude oil futures for December fell $1.29 or 1.6 percent at 81.02 a barrel, the lowest settlement in two months. WTI crude futures shed nearly 11 percent in October.

Closer to home, Hong Kong will provide September figures for retail sales later today; in August, sales were up 13.7 percent on year.

read more
TSX Settles Lower As Trade Tensions Resurface

TSX Settles Lower As Trade Tensions Resurface

Despite hitting record highs earlier in the week, the Canadian market ended weak for a second straight day as trade tensions weighed on sentiment, prompting investors to tread cautiously on Friday.
RTTNews | 20ч 7мин назад
Crude Oil Prices Slip On Friday

Crude Oil Prices Slip On Friday

Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.
RTTNews | 1 дней спустя
Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
RTTNews | 1 дней спустя
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.
RTTNews | 1 дней спустя
Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.
RTTNews | 1 дней спустя
U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.
RTTNews | 1 дней спустя