|Day's range||27,101.10 - 27,450.84|
|52-week range||26,871.11 - 33,484.08|
The narrower loss of Chinese indexes ahead of U.S.-China trade talks is perhaps an indication of investors' optimism of improved trade relations, which could benefit these stocks.
The S&P 500 US equity index closed within easy striking distance of its record high as participants sought to put aside nagging concern over Turkey’s currency crisis and broader worries over the risks posed by emerging markets. The Dow Jones Industrial Average rose 0.4 per cent on Friday, while the tech-heavy Nasdaq Composite edged up 0.1 per cent.
In Hong Kong the Hang Seng index mounted a comeback, rising 1 per cent in morning trading as technology stocks rose 2.8 per cent. Much of that was down to Tencent, which had tumbled after reporting a rare fall in profits on Wednesday but rose as much as 3.5 per cent on Friday. On Wall Street on Thursday the S&P 500 index ended 0.8 per cent higher on the day.
The US Securities and Exchange Commission has subpoenaed Tesla , according to a person familiar with the matter, as part of an investigation into a tweet by founder Elon Musk over plans to take the electric ...
Asia-Pacific’s major stock markets moved lower on Thursday as investors’ risk appetite continued to weaken after a poor lead from Wall Street. After a choppy morning session, China-focused stocks were ...
Tencent shares dropped 4.7 per cent to a one-year low in Hong Kong, taking its fall since its January high to 32.6 per cent. The Chinese government earlier this week ordered Tencent to halt sales of video game Monster Hunter: World days after its release while the wider industry is awaiting approval of more than 3,000 games for commercial launch in China. The social media and gaming company posted a 2 per cent year-on-year fall in net profit for the second quarter and revenues missed analyst expectations.
Xiaomi shares fell 5 percent on Wednesday, falling below its IPO price of $17. The close on Wednesday is an all-time low and represents a more than 24 percent slide from the company's record high share price. Many other Chinese stocks fell amid the continuing U.S.-China trade war.
China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first profit drop in at least a decade, sending MSCI’s emerging-market benchmark down 1.3 percent.
Some good news for Hong Kong investors: the plunge that has erased more than $750 billion from its stock market since late January may soon be over. The ratio of outstanding bullish-to-bearish contracts is near a 2 1/2-year low, reflecting a pessimistic view. “The market trend usually turns when retail investors become extremely optimistic or pessimistic,” Chau said in an interview in Hong Kong.
Global stock markets regained their poise as the Turkish lira clawed back some of its recent losses and reassuring economic data out of the eurozone helped counter signs of a further gradual slowdown in China. The CSI 300 index of major Shanghai and Shenzhen-listed stocks lost 0.5 per cent.
The game was launched in China on August 8. WeGame, the games distribution platform for Tencent, said on its website that the game was no longer available because its contents did not meet regulatory requirements. Tencent 700-HK shares in Hong Kong fell more than 3 percent on Tuesday morning after Chinese regulators stopped the tech giant from selling a blockbuster video game "Monster Hunter: World" on its distribution platform, WeGame.
Technology stocks in Hong Kong slid, led by Sunny Optical Technology Group Co., which tumbled 28 percent -- in line for its biggest drop ever -- after its first-half net income missed analyst estimates. Sunny Optical, one of this year’s best performers on the benchmark Hang Seng Index until Tuesday, was followed lower by AAC Technologies Holdings Inc., which declined 8.3 percent. Index heavyweight Tencent Holdings Ltd., which reports its earnings on Wednesday, fell 5 percent to head for its lowest close since September last year.
This year has certainly not been a good year for Turkey's lira. Over the course of 2018, the lira has lost more than 40 percent against the dollar, mostly due to President Tayyip Erdogan's negative influence over the economy, including mounting debt issues and lower interest rates.
Asia’s main equity benchmarks were all in negative territory. China-focused stocks also fell, with the CSI 300 index of major Shanghai- and Shenzhen-listed stocks dropping 1.9 per cent while in Hong Kong, the Hang Seng China Enterprises index was off 2.1 per cent. Further weighing on Chinese stocks, the Shanghai stock exchange on Friday announced the clampdown on trading halts by companies.
Hong Kong’s benchmark Hang Seng Index bid farewell to local lender Bank of East Asia Ltd. and terminal operator China Merchants Port Holdings Co. in the latest review.
Bank of East Asia Ltd. slumped the most since July 2015 following news it will be cut from Hong Kong’s Hang Seng Index along with China Merchants Port Holdings Co., which also tumbled. BEA closed down 5.8 percent Monday, making it the worst performer on the Hong Kong benchmark, even after paring some earlier losses. China Merchants Port was the third-worst, dropping the most since February.
The onshore renminbi exchange rate, which moves within a trading band of 2 per cent either side of a daily mid point set by the People’s Bank of China, fell 0.4 per cent to Rmb6.8757. The offshore rate was down 0.3 per cent at Rmb6.8871.
fuelled a wave of global risk aversion yesterday, with equity markets weakening across the board — led by banking stocks — while the dollar and core government bonds made substantial gains. The Stoxx 600 Europe banking sub-index fell 2 per cent to a three-week low — and the S&P 500 financial sector was down 1 per cent — while the euro tested the $1.14 level for the first time since July 2017. The single currency’s fall — along with a renewed bout of weakness for sterling — helped the dollar index break out of its recent range and reach the highest level in more than a year.
Geopolitics continued to weigh on markets in Asia-Pacific on Friday while Japan’s economy returned to growth in the second quarter. Japan’s Topix was down 0.6 per cent at a one-month low as the industrials ...
SEOUL, South Korea (AP) — Global stock markets were mixed Thursday with European stocks trading lower after Chinese markets finished with sharp gains, as investors focus on developments in the trade dispute between the United States and China.
Moves in the currency markets grabbed the headlines as US and European stocks struggled for momentum, and Treasuries rose, against a backdrop of continued worries over the US-China trade dispute. The euro was down 0.7 per cent at $1.1531, while sterling was down a further 0.4 per cent at an 11-month low of $1.2829.
Stock markets were mostly higher in Asia trading as major benchmarks shook off an early tumble by energy stocks, prompted by a fall by crude prices on Wednesday. In Hong Kong the Hang Seng index was up ...
SEOUL, South Korea (AP) — Asian stock markets were mixed on Thursday with Chinese stocks outperforming the region, as investors watched the latest developments on trade. Prices of oil stabilized.
Stock markets were broadly down in Asia as energy stocks in the region followed their counterparts elsewhere lower in line with a sharp fall by crude prices on Wednesday. Tokyo’s Topix index dropped 0.5 ...
Chinese investors have gone off Hong Kong stocks again. The reversal came as the Hong Kong benchmark declined every day last week, but investors continued to pull out Monday through Wednesday, when the Hang Seng Index rose 2.5 percent.