Latest news with #Nasdaq-style
BusinessToday
21-07-2025
- Business
- BusinessToday
Shares In Chinese Markets Close Higher
Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 0.72 percent to 3,559.79 points. The Shenzhen Component Index closed 0.86 percent higher at 11,007.49 points. The combined turnover of these two indices stood at 1.7 trillion yuan (about 237.7 billion U.S. dollars), up from 1.57 trillion yuan the previous trading day. Stocks related to cement and building materials led the gains, while stocks related to cross-border payment and the banking sector suffered major losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.87 percent to close at 2,296.88 points. Related
RTHK
17-07-2025
- Automotive
- RTHK
HK stocks slip as tech hopes lift mainland markets
HK stocks slip as tech hopes lift mainland markets The Hang Seng Index ended down 18.81 points, or 0.077 percent, at 24,498.95. File photo: AFP Mainland China shares edged up on Thursday, buoyed by regulatory support for the auto sector and renewed optimism in AI-related stocks, while Citi upgraded China equities, citing improved earnings trends and structural growth themes. In Hong Kong, the benchmark Hang Seng Index ended at 24,498.95, down 18.81 points or 0.077 percent, holding near a four-month high. Across the border, the benchmark Shanghai Composite Index closed up 0.37 percent at 3,516.83 while the Shenzhen Component Index ended even higher by 1.43 percent at 10,873.62. The combined turnover of these two indexes stood at 1.54 trillion yuan, up from 1.44 trillion yuan on Wednesday. Stocks related to aircraft manufacturing and textile machinery led gains while the ceramics and water and gas supply sectors suffered major losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.75 percent to close at 2,269.33. Leading gains were AI-related shares that added 1.8 percent and the info tech sector that jumped 2.1 percent, as news that Nvidia will ramp up supply of H20 chips to China lifted sentiment. Auto stocks edged up 1.7 percent after authorities pledged to regulate the excessive competition and intense price wars in the electric vehicle industry. The biotech and healthcare sectors rallied more than 5 percent after US President Donald Trump dialled down his harsh tone towards China, offering fresh optimism about the trade deal prospects. Analysts at Citi upgraded China equities to "overweight", citing comparatively improved earnings outlook, reasonable valuations, and structural themes such as AI and corporate governance reforms. Internet names are among the top picks, as recent headlines about resumed sales of AI chips by US companies to China could be incrementally positive, the analysts said. (Reuters/Xinhua)
RTHK
09-07-2025
- Business
- RTHK
HK stocks open down amid more Trump tariff threats
HK stocks open down amid more Trump tariff threats The Hang Seng Index lost 86 points, or 0.36 percent, to open at 24,061 on Wednesday. File photo: AFP Mainland China and Hong Kong shares opened on Wednesday mixed as US President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda. Trump announced plans for a 50 percent duty on copper imports and a potential 200 percent levy on pharmaceuticals a day after the White House sent letters to Japan, South Korea and other countries about tariffs to kick in August 1. In Hong Kong, the benchmark Hang Seng Index lost 86 points, or 0.36 percent, to open at 24,061. On the mainland, stocks opened higher, with the benchmark Shanghai Composite Index up 0.04 percent to open at 3,498 while the Shenzhen Component Index opened 0.04 percent higher at 10,592. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, was down 0.08 percent to open at 2,179. In Seoul, shares rose for a third straight session as financial stocks rallied on policy hopes while the broader market's focus was on US tariffs and domestic monetary policy. The benchmark Kospi was up 15 points, or 0.5 percent, at 3,130, as of midday. In Sydney, shares fell, led by losses in gold and mining stocks on Trump's threats on copper and pharma levies. The S&P/ASX 200 index fell 0.7 percent to 8,535 by midday. (Xinhua/Agencies)
Nikkei Asia
08-07-2025
- Business
- Nikkei Asia
China's new deeptech leaders must learn to manage
People visit the booth of Insta360 at BILD Expo 2025 at Javits Center on June 18 in New York. © AP Lu Xiongwen is the dean of Fudan University School of Management. When entrepreneur Liu Jingkang struck the ceremonial gong at the Shanghai Stock Exchange's Nasdaq-style STAR Market on June 11, he captured his moment of crowning glory with an Insta360 camera in his hand.
RTHK
07-07-2025
- Business
- RTHK
HK stocks edge down as tariff deadline looms
HK stocks edge down as tariff deadline looms The Hang Seng Index ended the day down 28.23 points, or 0.12 percent, at 23,887.83. File photo: Reuters Mainland and Hong Kong stocks edged lower on Monday as anxiety over US trade policy intensified ahead of the July 9 tariff deadline, with upcoming inflation data expected to further test investor nerves. The benchmark Hang Seng Index ended the day at 23,887.83, down 28.23 points or 0.12 percent. Mainland stocks closed mixed, with the benchmark Shanghai Composite Index up 0.02 percent at 3,473.13 while the Shenzhen Component Index closed 0.7 percent lower at 10,435.51. The combined turnover of these two indices stood at 1.21 trillion yuan, down from 1.43 trillion yuan on the previous trading day. The power and ceramics sectors emerged as the top performers, while biopharmaceutical and brewing stocks faced significant downward pressure. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.21 percent to close at 2,130.19. At market close, China's blue-chip CSI300 Index slipped 0.4 percent, while the Shanghai Composite Index barely changed. Although China is not at risk of imminent higher tariffs, thanks to the trade truce with the United States, sentiment was still largely subdued as US President Donald Trump's policy swings left investors on edge. Trump warned on Sunday that he will impose an additional 10 percent tariff on any countries aligning themselves with what he called the "Anti-American policies" of the Brics group of developing nations. "Markets are set to see more volatility from here" and are unlikely to see a sustained uptrend with the expiring tariff deadline and trade policy uncertainties impacting risk appetite, analysts at Huatai Securities said in a note. Leading the onshore markets' losses on Monday, the AI sector declined 1.1 percent, the energy sector slid 1.8 percent while the liquor distillers index weakened 0.8 percent. The medical-services sector weakened 0.7 percent after the Finance Ministry said on Sunday it was restricting government purchases of medical devices from the European Union in retaliation for Brussels' own curbs last month. Helping offset the losses, Chinese property developers listed in mainland and Hong Kong climbed by 1.4 percent and 0.9 percent, respectively, after the housing regulator vowed to put a floor on dropping home prices. Traders are also watching for China's key inflation data due out on Wednesday to gauge the health of the world's second-largest economy in the face of persistent deflation pressure and trade risks.(Reuters/Xinhua)
