HK stocks slip amid narrow trading in region
The Hang Seng Index ended trading on Tuesday down 53 points, or 0.21 percent, at 25,122 on Tuesday. File photo: RTHK
Regional equity markets traded in a narrow range to end mostly down on Tuesday.
in Hong Kong, the benchmark Hang Seng Index ended the day down 53 points, or 0.21 percent, at 25,122.
The Hang Seng China Enterprises Index fell 0.3 percent to end at 9,006 while the Hang Seng Tech Index fell 0.67 percent to end at 5,542.
On the mainland, the benchmark Shanghai Composite Index closed down 0.02 percent at 3,727 while the Shenzhen Component Index closed 0.12 percent lower at 11,821.
The combined turnover of these two indexes reached almost 2.59 trillion yuan, down from 2.76 trillion yuan on Monday.
Shares related to robots, diesel generators and liquor led gains, while stocks related to insurance, high-performance plastics and the defense industry were among the biggest decliners.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.17 percent to close at 2,601.
In Japan, the Nikkei share average slipped from a record high to end lower as investors weighed Wall Street's muted overnight finish, raising concerns that markets have advanced too far, too fast.
The Nikkei index closed 0.38 percent lower at 43,546 after rising to a record high of 43,876 earlier in the session.
The broader Topix also gave up early gains to end 0.14 percent lower at 3,116. (AP/Xinhua)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTHK
2 hours ago
- RTHK
HK stocks slip amid narrow trading in region
HK stocks slip amid narrow trading in region The Hang Seng Index ended trading on Tuesday down 53 points, or 0.21 percent, at 25,122 on Tuesday. File photo: RTHK Regional equity markets traded in a narrow range to end mostly down on Tuesday. in Hong Kong, the benchmark Hang Seng Index ended the day down 53 points, or 0.21 percent, at 25,122. The Hang Seng China Enterprises Index fell 0.3 percent to end at 9,006 while the Hang Seng Tech Index fell 0.67 percent to end at 5,542. On the mainland, the benchmark Shanghai Composite Index closed down 0.02 percent at 3,727 while the Shenzhen Component Index closed 0.12 percent lower at 11,821. The combined turnover of these two indexes reached almost 2.59 trillion yuan, down from 2.76 trillion yuan on Monday. Shares related to robots, diesel generators and liquor led gains, while stocks related to insurance, high-performance plastics and the defense industry were among the biggest decliners. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.17 percent to close at 2,601. In Japan, the Nikkei share average slipped from a record high to end lower as investors weighed Wall Street's muted overnight finish, raising concerns that markets have advanced too far, too fast. The Nikkei index closed 0.38 percent lower at 43,546 after rising to a record high of 43,876 earlier in the session. The broader Topix also gave up early gains to end 0.14 percent lower at 3,116. (AP/Xinhua)
RTHK
2 hours ago
- RTHK
Solar Project trip sheds light on AI uses for students
Solar Project trip sheds light on AI uses for students Angelina Kwan presents a souvenir to a representative of the BrainCo startup during the visit. Photo: RTHK Director of Broadcasting Angelina Kwan on Tuesday led students taking part in RTHK's Solar Project on an artificial intelligence tour that included a stop at Alibaba's headquarters in Hangzhou. The project is part of the broadcaster's annual summer programme. The delegation, which includes some 100 students, went to the Alibaba office to learn more about how the conglomerate uses AI. Participants said finding out more about the firm's use of computer chips helped pique a higher level of interest in them to learn more about technological developments. They also went to the office of a tech startup BrainCo, where they were shown how a handicapped person found the firm's artificial limb to be better than the ones that he used in the past. The delegation also paid a visit to the Hangzhou Future Science Town to learn more about the city's developments in areas such as AI and smart city.
AllAfrica
8 hours ago
- AllAfrica
Shanghai rally shows China markets don't need the West
The Shanghai Composite Index (SCI) closed at its highest level in a decade on Monday, finishing at 3,728. This is not just a local story but a global signal. Markets are often shaped by perception, and the perception now is that Asia is showing leadership at a time when many expected only caution. The SCI's 20% rebound since April is remarkable by any measure. It tells us that confidence can return quickly when conditions change. Chinese households, sitting on near-record levels of savings, have been ploughing cash into equities. The immediate trigger was President Donald Trump's decision to pause his tariff escalation with Beijing, removing a looming risk that had weighed heavily on sentiment. For months, global investors had been braced for confrontation, and the absence of fresh tariffs under a new 90-day truce released pent-up demand. What is striking is the speed of this turnaround. In April, Chinese equities were being sold off heavily and international investors were trimming exposure. But by August, the market had swung to a decade high. This kind of shift demonstrates the power of liquidity when coupled with even a modest easing of political risk. This rally is not occurring in isolation. Across Asia, momentum is building. Indian equities surged the most in more than three months on the back of tax-cut pledges. The MSCI Asia Pacific index has recently gained 0.4%, adding to signs that investors in the region are prepared to take on more risk. The synchronization is important: Asia is leaning into growth while European and US markets remain tentative as Trump makes a renewed try to end the Ukraine war. The Shanghai milestone carries global importance because of who is driving it. Local retail investors are taking the lead. Flush with liquidity, they are providing the fuel for the rally at a moment when international institutional investors remain largely cautious. This divergence matters. It shows that regional pools of capital are increasingly able to move markets on their own terms. The world can no longer assume that Wall Street sets the tone everywhere. For investors outside China, two lessons stand out. First, capital is no longer tied to a single center of gravity. The US still exerts enormous influence, but regional markets are proving capable of writing their own narrative. Second, politics has an immediate and powerful effect. Trump's tariff truce with Beijing is one of the clearest demonstrations this year that optimism returns almost instantly when barriers and uncertainty are lifted. The ripple effects are already visible. Cyclical stocks across Asia are attracting stronger bids. Oil prices are steadying, with Brent crude trading near US$81 a barrel as supply disruption concerns ease. Gold rose 0.4% as Treasuries inched higher, but safe-haven flows look vulnerable if investors continue to rotate toward equities. This is why Shanghai's rally should be seen as a leading indicator rather than a domestic quirk. Local investors are showing what happens when liquidity meets confidence: markets respond rapidly and decisively. If sentiment in Europe and the US follows the same path, we could see a broad-based re-rating of global equities into the final quarter of the year. Timing is critical. If Trump's mediated Ukraine war talks produce even a modest gesture toward progress, it would reinforce the optimism already visible in Asia. Combined with the pause in tariff escalation with China, that could provide precisely the environment in which sidelined global capital begins to move back into equities. Later this week, the US Federal Reserve's Jackson Hole retreat will give investors another focus point. Jerome Powell is widely expected to set the stage for a September rate cut after recent softer data. This tilts policy in favor of risk, but liquidity support matters little if investors are paralyzed by geopolitical concerns. The evidence from Shanghai is that once those concerns ease, capital moves swiftly. From my perspective, there are two broader conclusions. Asia has been underestimated. The assumption that it is merely a follower of Western sentiment has been challenged by a SCI rally of this scale, powered largely from within. The feedback loop between politics and markets is more immediate than ever. Every summit, truce and concession is repriced almost instantly. This volatility carries risk, but it is also where the greatest opportunities emerge. The decade-high close in Shanghai is not simply a domestic event. It's a global signal that liquidity, confidence and geopolitics are combining to reshape capital flows. International investors are paying close attention, and many will be forced to reconsider their positioning. Asia is no longer reflecting the mood of global markets. It's increasingly setting the pace.
