Hong Kong Shares Tipped To Open To The Upside

RTTNews | 634 дней спустя
Hong Kong Shares Tipped To Open To The Upside

(RTTNews) - The Hong Kong stock market has moved higher in three straight sessions, surging almost 1,260 points or 8.3 percent along the way. The Hang Seng Index now rests just above the 16,210-point plateau and it's likely to open in the green again on Friday.

The global forecast for the Asian markets is positive on solid economic data and a spike in crude oil prices. The European and U.S. markets were up and the Asian bourses are expected to follow suit.

The Hang Seng finished sharply higher on Thursday following gains from the financial shares, property stocks and technology companies.

For the day, the index accelerated 312.09 points or 1.96 percent to finish at 16,211.96 after trading between 15,828.93 and 16,254.93.

Among the actives, Alibaba Group added 1.03 percent, while Alibaba Health Info rose 0.31 percent, ANTA Sports increased 1.07 percent, China Life Insurance accelerated 3.65 percent, China Mengniu Dairy improved 1.41 percent, China Resources Land soared 5.65 percent, CITIC and CSPC Pharmaceutical both rallied 3.04 percent, CNOOC spiked 4.79 percent, Country Garden surged 7.46 percent, ENN Energy skyrocketed 12.41 percent, Galaxy Entertainment gathered 0.74 percent, Hang Lung Properties jumped 2.82 percent, Henderson Land sank 0.47 percent, Hong Kong & China Gas advanced 1.63 percent, Industrial and Commercial Bank of China collected 2.41 percent, JD.com accelerated 3.43 percent, Lenovo strengthened 2.19 percent, Li Ning soared 3,97 percent, Meituan slumped 1.28 percent, New World Development gained 0.96 percent, Techtronic Industries dipped 0.22 percent, Xiaomi Corporation perked 0.29 percent and WuXi Biologics climbed 2.04 percent.

The lead from Wall Street is upbeat as the major averages opened higher, gave ground midday but still finished well in the green.

The Dow jumped 242.74 points or 0.64 percent to finish at 38,049.13, while the NASDAQ added 28.58 points or 0.18 percent to close at 15,510.50 and the S&P 500 rose 25.61 points or 0.53 percent to end at a fresh record high of 4,894.16.

The early strength on Wall Street came following the release of a Commerce Department report showing stronger than expected U.S. economic growth as well as a slowdown in the pace of inflation in the fourth quarter of 2023.

Buying interest waned over the course of the session, however, as traders looked ahead to Friday's report on personal income and spending, which could have a significant impact on the outlook for interest rates.

Oil prices rose sharply on Thursday, continuing to benefit from Wednesday's data showing a larger-than-expected drop in U.S. crude inventory. West Texas Intermediate Crude oil futures for March surged $2.27 or 3 percent at $77.36 a barrel.

read more
CAC 40 Advances; Edenred Soars On Strong Earnings

CAC 40 Advances; Edenred Soars On Strong Earnings

French stocks are modestly higher on Tuesday amid slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. Investors are reacting to some corporate earnings updates
RTTNews | 25 минут назад
UK Budget Deficit Overshoots Estimate

UK Budget Deficit Overshoots Estimate

The UK budget deficit surpassed the official estimate in the financial year to September, reaching the second highest level on record due to higher debt costs, data from the Office for National Statistics showed on Tuesday. In the first half of the year, public sector net borrowing rose by GBP 11.5 billion from the last year to GBP 99.8 billion.
RTTNews | 48 минут назад
DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

DAX Modestly Lower In Cautious Trade; Siemens Energy, BASF Drift Lower

German stocks are somewhat subdued on Tuesday with investors looking for directional clues. With earnings updates set to pour in from this week, investors are currently following the developments on the trade front and tracking geopolitical news as well.
RTTNews | 1ч 9мин назад
Asian Shares Climb As Sino-US Tensions Ease

Asian Shares Climb As Sino-US Tensions Ease

Asian stocks advanced on Tuesday after U.S. President Donald Trump has stated that the United States and China are on track for a significant trade agreement, adding that Beijing had been "very respectful" and was already paying "tremendous amounts of money" under existing tariffs.
RTTNews | 2ч 54мин назад
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks are seen opening a tad higher on Tuesday, with U.S.-China tensions and the latest batch of quarterly earnings results likely to be in focus.
RTTNews | 5ч 48мин назад
European Economic News Preview: UK Public Sector Finance Data Due

European Economic News Preview: UK Public Sector Finance Data Due

Public sector finances data from the UK is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is forecast to widen to GBP 20.7 billion in September from GBP 18 billion in August.
RTTNews | 6ч 1мин назад