|Day's range||25,090.30 - 25,743.45|
|52-week range||25,090.30 - 33,484.08|
Oct.01 -- Dickie Wong, executive director of research at Kingston Securities, discusses his 4th quarter outlook for the Hang Seng Index. He speaks on "Bloomberg Markets: China Open."
What to make of stocks’ ugly selloff? Our roundtable panelists see values surfacing from China and Russia to Mexico and Brazil.
China's regulators lined up to rally market confidence on Friday with new rules, measures and words of comfort as shares brushed near four-year lows for the second straight day before surging. Vice Premier Liu He, who oversees the economy and the financial sector, supplemented regulators' moves by saying the recent stock market slump "provides good investment opportunity" and that economic problems should be treated rationally. Liu also told Xinhua News Agency that while trade friction between the United States and China had an impact on markets, "to be frank, the psychological impact is bigger than the actual impact".
Hong Kong's Hang Seng index rose 0.51 percent as at 3.21 p.m. HK/SIN. Greater China markets made a strong comeback on Friday afternoon, following a series of measures announced by Chinese leaders to support the struggling stock market. After a turbulent morning following weaker-than-expected GDP data and a sharp sell-off the day before, shares in the mainland rebounded, rising more than 2 percent.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
Stock markets mostly dipped on Thursday on the news that some policymakers at Federal Reserve think interest rates should continue to be raised until they are slightly restrictive. The future contracts for the Dow Jones industrial average and for the S&P 500 were both down 0.4 percent. FED TALK: The Federal Reserve's minutes from its meeting in late September, when it raised interest rates for the third time this year showed some participants thought the Fed's key interest rate would eventually need to "become modestly restrictive" to ensure inflation doesn't climb too high.
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
SINGAPORE (AP) — World stock markets sank Thursday, extending losses from Wall Street, as investors worried that higher interest rates will dent company earnings and a trade war will crimp global business.
China's benchmark Shanghai Composite Index dived to near four-year lows on Thursday, joining a global equities rout after a tech sell-off battered Wall Street overnight. Shares in infrastructure firms from China's west bucked the down trend.
Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest rates. Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth.
China's top lithium producer Ganfeng Lithium tumbled as much 28 percent on its Hong Kong debut, a stark warning sign to fellow Shenzhen-listed counterpart Tianqi Lithium which is also planning a listing in the city. Shares of Ganfeng, a supplier to carmakers like Tesla and BMW, fell to a low of HK$11.80 in early morning trading after opening at HK$15.30 on Thursday. Ganfeng's listing came as world markets slid to a 3-month low on Wednesday, while Hong Kong's benchmark Hang Seng index is down 20 percent from its January highs.
China's stock markets fell more than 3.7 percent on Monday after the country's central bank announced measures to prop up the economy amid an ongoing trade war with the United States. On Sunday, the People's Bank of China announced it would be cutting the amount of cash that banks have to hold as reserves from Oct. 15. China stock markets tumbled on Monday, as investors were unnerved by the central bank's decision to slash the amount of cash that the country's lenders must hold as reserves, in a bid to help spur economic growth.
The People's Bank of China announced on Sunday it was cutting the reserve requirement ratio for most banks by 100 basis points, which will result in an injection of 750 billion yuan ($109.2 billion) in cash into the banking system. Experts said the move indicates that Chinese authorities are getting nervous about a trade war with the U.S. dragging on. "China is a bit nervous.
Asian markets were mostly lower on Friday after U.S. Vice President Mike Pence claimed China had meddled with its midterm elections to unsettle the Trump administration, which Beijing has denied. KEEPING ...
Bears have returned to target Hong Kong’s equities and currency after being blindsided in a painful short squeeze last month. The Hang Seng Index closed 2.4 percent lower and the Hong Kong dollar fell toward the weak end of its trading band with the greenback as traders returned to work Tuesday after a holiday. Mainland markets and exchange links with Hong Kong will be shut throughout the week.
Dickie Wong, executive director of research at Kingston Securities, discusses his 4th quarter outlook for the Hang Seng Index. He speaks on "Bloomberg Markets: China Open." (Source: Bloomberg)...