Steady Start Eyed For Hong Kong Stock Market

RTTNews | 104 дней спустя
Steady Start Eyed For Hong Kong Stock Market

(RTTNews) - The Hong Kong stock market on Wednesday snaped the two-day losing streak in which it had tumbled almost 450 points or 2 percent. The Hang Seng Index now sits just beneath the 23,790-point plateau and it's tipped to open modestly to the upside again on Thursday.

The global forecast for the Asian markets is fairly upbeat, with bargain hunting expected among especially the technology stocks. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

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

For the day, the index surged 753.91 points or 3.27 percent to finish at 23,787.93 after trading between 23,238.34 and 23,973.17.

Among the actives, Alibaba Group strengthened 4.82 percent, while Alibaba Health Info sank 0.91 percent, ANTA Sports was up 1.00 percent, China Life Insurance climbed 4.06 percent, China Mengniu Dairy and Hang Lung Properties both advanced 3.72 percent, China Resources Land jumped 5.09 percent, CITIC added 2.99 percent, CNOOC tanked 1.22 percent, CSPC Pharmaceutical plummeted 4.17 percent, Galaxy Entertainment gathered 1.66 percent, Haier Smart Home improved 3.44 percent, Henderson Land gained 2.17 percent, Hong Kong & China Gas perked 1.31 percent, Industrial and Commercial Bank of China collected 1.27 percent, JD.com surged 8.45 percent, Lenovo slumped 1.09 percent, Li Auto soared 7.70 percent, Li Ning increased 3.12 percent, Meituan skyrocketed 9.84 percent, New World Development accelerated 6.46 percent, Nongfu Spring spiked 7.44 percent, Techtronic Industries eased 0.09 percent, Xiaomi Corporation rallied 5.83 percent and WuXi Biologics rose 1.71 percent.

The lead from Wall Street offers little clarity as the major averages hugged the line on Wednesday, finishing mixed and roughly flat as investors waited until after close for results from NVIDIA Corporation (NVDA).

The Dow stumbled 188.04 points or 0.43 percent to finish at 43,433.12, while the NASDAQ added 48.88 points or 0.26 percent to close at 19,075.26 and the S&P 500 perked 0.81 points or 0.01 percent to end at 5,956.06.

Wall Street saw some early bargain hunting following recent weakness in the markets, but mostly investors were waiting on the NVIDIA results.

After the bell, NVIDIA unveiled Q4 earnings that increased from last year, beat estimates slightly and provided positive guidance. That fueled choppy but not negative trade after hours.

In economic news, the Commerce Department released a report showing a substantial pullback by new home sales in the U.S. in January.

Crude oil prices drifted lower on Wednesday amid concerns about the outlook for demand as the Trump administration's tariff policies are expected to slow global economic growth. West Texas Intermediate Crude oil futures for April settled lower by $0.31 at $68.62 a barrel.

read more
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 15 минут назад
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 1ч 22мин назад
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 1ч 31мин назад
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 1ч 32мин назад
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | 1ч 35мин назад
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | 1ч 43мин назад
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 3ч 23мин назад