Local stocks headed south on Friday as investors struggled to maintain the previous day’s rally, with education and tech shares suffering the biggest losses. The Hang Seng Index had opened the day 17 points higher, after Wall Street edged higher overnight as traders were buoyed by healthy earnings results. But the local benchmark was unable […]
The Hong Kong market failed to hold onto its early gains and closed in the red on Wednesday, as investors continued to move to safe haven assets in view of the global spread of the Delta coronavirus variant. The Hang Seng Index took the cue from Wall Street and started 79 points higher, but then […]
Shares in Hong Kong retreated for a second day on Tuesday, after the Dow on Wall Street suffered its worst drop since October amid worries about the economic impact of the spread of a more contagious Covid variant. The Hang Seng Index began 93 points lower and, despite a couple of jumps into the black […]
Growing fears over the spread of the Delta coronavirus variant globally and persistent concerns over inflation sent most shares in the region lower on Monday, with the Hong Kong benchmark falling below the 28,000-mark. The Hang Seng Index followed the lead of Wall Street to open down more than 200 points, before further sliding to […]
Shares in the region finished mostly lower, after US inflation hiked the most in 13 years and renewed fears that the Federal Reserve could scale back its easing programme sooner than expected. The Hang Seng Index opened flat and went south. It fell as many 254 points before clawing back some of the losses to […]
The Dow flirted with its first-ever close above 35,000 points Monday as US stocks turned in another record-filled session ahead of a heavy schedule of earnings releases and economic reports. After topping 35,000 points during the session, including at the closing bell, the blue-chip index settled just under the benchmark at 34,996.18, up 0.4 percent. […]
Tech shares continued to slide on Thursday, dragging the Hong Kong benchmark down for an eighth day, as investors got more jittery over a widening tech crackdown on the mainland. The Hang Seng Index opened 79 points lower and came under heavy selling, plummeting as many as 850 points at one stage. The benchmark finished […]
Hong Kong stocks closed below the 28,000 mark on Wednesday, with tech firms leading the losses after Beijing stepped up supervision of overseas-listed firms on data security. The Hang Seng Index finished in the red for the seventh consecutive day. The index dropped more than 350 points during trading before rebounding. Still, it ended the […]
Hong Kong stocks ended lower on Tuesday, extending losses into a fifth day as traders grow concerned about the mainland’s crackdown on the country’s tech giants. The Hang Seng Index fell 0.3 percent, or 70 points, to 28,072. Turnover was HK$144.9 billion. Pharmaceutical stocks suffered losses after new rules were issued by the drug regulatory […]
Hong Kong stocks sank on Monday as tech firms were hit by news of a crackdown by Beijing on mainland ride-hailing giant Didi Chuxing and two other US-listed Chinese companies, which raised concerns about further moves against the sector. The Hang Seng Index fell 0.6 percent, or 166 points, to 28,143. But the benchmark Shanghai […]
The Hang Seng Index finished the week on a sour note, losing more than 500 points on Friday over fears of fresh market volatility. The index shed nearly 600 points during trading. It ended the day 517 points or 1.8 percent lower at 28,310. Turnover was HK$175.8 billion. Analysts say market sentiment took a hit […]
Hong Kong stocks finished with losses on Tuesday, in line with a sell-off across Asia as traders fret over fresh virus spikes around the world that have led governments to impose fresh containment measures. The Hang Seng Index fell 0.9 percent, or 274 points, to 28,994. Turnover was HK$146.1 billion. Oil prices dived. PetroChina tumbled […]
Hong Kong shares opened slightly higher at the beginning of business on Tuesday,following another record close on Wall Street but traders were moving cautiously as they monitor fresh virus flare-ups in parts of the world. The Hang Seng Index edged up 0.08 percent, or 23.59 points, to 29,291.89. The benchmark Shanghai Composite Index climbed 0.13 […]
Hong Kong stocks returned from a long weekend to end lower on Tuesday, with southbound buying by mainland Chinese investors dented by a decision to drain liquidity from local markets by the People’s Bank of China. The Hang Seng Index fell 0.7 percent, or 203 points to 28,638. The benchmark Shanghai Composite Index dropped 0.9 […]
Local and most regional shares logged modest gains on Friday as bond yields eased and investors looked past US inflation data, but mainland markets went south. After the S&P 500 rallied to another all-time high, the Hang Seng Index took the lead from Wall Street and opened 126 points higher, jumping as many as 226 […]
Investors traded cautiously on Wednesday, bringing a mixed picture to markets in the region ahead of the release of the closely watched US inflation data. Locally, the Hang Seng Index opened 10 points lower and see-sawed in a narrow range during the morning session. It stayed in the red after lunch and finished down 38 […]
Hong Kong stocks opened higher on Tuesday morning following the previous day’s losses, with investors now turning their attention to the release of US inflation data later in the week. The Hang Seng Index added 0.39 percent, or 113.24 points, to 28,900.52. The benchmark Shanghai Composite Index was flat, inching down 0.79 points to 3,598.75, […]
Local shares reversed course and dipped nearly 400 points towards the close on Thursday, while the rest of the region ended mostly higher as investors traded cautiously ahead of the release of new US jobs data. The Hang Seng Index tracked gains on Wall Street, starting 67 points higher. But it soon changed direction, with […]
Toyota City, Japan, May 28, 2021 – (JCN Newswire via SEAPRWire.com) – After victory in Portugal, the TOYOTA GAZOO Racing World Rally Team moves quickly onto another gruelling gravel event in the shape of Rally Italia Sardegna (June 3-6) with the aim of continuing its strong recent form. 2021 Yaris WRC Toyota Yaris WRC duo […]
Hong Kong shares narrowed early losses but stayed in negative territory at the close on Thursday, while their peers in the region ended mixed, as investors waited for clues on the pace of recovery of the world’s largest economy. The US is expected to release its first quarter GDP report later in the day and […]