Latest news with #ShanghaiCompositeIndex
BusinessToday
3 days ago
- Business
- BusinessToday
How Markets Worldwide Closed On Friday
Stock markets worldwide closed with mixed results on Friday, reflecting investor uncertainty amid ongoing economic developments. Asian Markets Asian indices showed varied performances. The Shanghai Composite Index closed at 3,347.49 points, down 0.47%. The Shenzhen Component Index ended at 10,040.62 points, dropping 0.85%. Hong Kong's Hang Seng Index fell 1.2% to 23,289 points. Australia's S&P/ASX 200 Index finished at 8,434.7 points, gaining 0.3%. Japan's Nikkei 225 declined 1.22% to 37,965.10 points. Singapore's Straits Times Index retreated 0.6% to 3,894.6 points. South Korea's KOSPI Index closed at 2,720.64 points, rising 1.89%. Malaysia's KLCI ended lower at 1,508 points. United States Markets Wall Street saw a mixed session. The S&P 500 Index closed at 5,911.69 points, down 0.01%. The Dow Jones Industrial Average gained 0.13%, closing at 42,270.07 points. The Nasdaq Composite Index dropped 0.32%, ending at 19,113.77 points European Markets European indices mostly ended higher. Germany's DAX Index rose 0.27% to 23,997.48 points. The FTSE 100 Index in the UK climbed 0.64% to 8,772.38 points. France's CAC 40 dipped 0.36%, closing at 7,751.89 points. Market Sentiment Investors remain cautious amid global economic uncertainties, including inflation concerns and geopolitical tensions. Analysts suggest that volatility may persist as markets react to upcoming economic data and central bank decisions. Related
RTHK
5 days ago
- Business
- RTHK
HK shares advance after US court blocks Trump tariffs
HK shares advance after US court blocks Trump tariffs The Hang Seng Index opened down slightly before recovering in early trading. File photo: RTHK The Hang Seng Index fell 17 points, or 0.08 percent, to open at 23,240 points on Thursday. Mainland markets opened higher, with the benchmark Shanghai Composite Index up 0.01 percent to open at 3,340 points. The Shenzhen Component Index opened 0.03 percent higher at 10,006 points. Elsewhere, Asian shares advanced and US futures jumped after a US federal court blocked US President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. (Agencies)
RTHK
6 days ago
- Automotive
- RTHK
HK stocks end down amid fears of car price war
HK stocks end down amid fears of car price war The Hang Seng Index ended down 0.53 percent for the day at 23,258.31. File photo: AFP China stocks ended roughly flat on Wednesday as investors remained cautious amid ongoing Sino-US tensions despite a temporary easing in tariff threats announced this month. In Hong Kong, the benchmark Hang Seng Index shed 123.68 points, or 0.53 percent, to end the day's trading at 23,258.31. The Hang Seng China Enterprises Index fell 0.31 percent to end at 8,443.87 while the Hang Seng Tech Index fell 0.15 percent to end at 5,174.64. Tech majors edged down 0.3 percent. Mystery box maker Pop Mart International saw its shares down 7 percent, its largest one-day decline since April 7. Shares of Xiaomi rose 0.4 percent after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off. Shares of major electric carmakers extended losses as an intensifying auto industry price war in China stoked fears of a long-anticipated shake-out in the world's largest car market. BYD shares traded offshore fell 2.7 percent while Li Auto dropped 2.5 percent. Across the border, mainland-listed stocks closed lower, with the benchmark Shanghai Composite Index down 0.02 percent to 3,339.93. The Shenzhen Component Index closed 0.26 percent lower at 10,003.27 After a period of market consolidation, Sino-US negotiations are expected to remain in a tug-of-war phase, but with low active capital positioning and investors now seasoned by April's volatility, future disruptions are unlikely to significantly impact market risk appetite, Citic Securities analysts said in a note. US President Donald Trump has played his cards in trade negotiations, and the path ahead depends on the bargaining power of countries and corporates, but trade policies will not return to the pre-Trump period, Olivier Blanchard, senior fellow at Peterson Institute for International Economics, said at the UBS Asian Investment Conference on Wednesday. Free trade agreements typically take about one to two years to decide and three years to implement, he said. The Nikkei ended the day down 1.71 points at 37,722.40, effectively unchanged but snapping a three-day rally. The broader Topix also finished essentially flat but up 0.02 points at 2,769.51. (Reuters/Xinhua)
RTHK
6 days ago
- Automotive
- RTHK
HK stocks end down amid fears of car price war
HK stocks end down amid fears of car price war The Hang Seng Index ended down 0.53 percent for the day at 23,258.31. File photo: AFP China stocks ended roughly flat on Wednesday as investors remained cautious amid ongoing Sino-US tensions despite a temporary easing in tariff threats announced this month. In Hong Kong, the benchmark Hang Seng Index shed 123.68 points, or 0.53 percent, to end the day's trading at 23,258.31. The Hang Seng China Enterprises Index fell 0.31 percent to end at 8,443.87 while the Hang Seng Tech Index fell 0.15 percent to end at 5,174.64. Tech majors edged down 0.3 percent. Mystery box maker Pop Mart International saw its shares down 7 percent, its largest one-day decline since April 7. Shares of Xiaomi rose 0.4 percent after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off. Shares of major electric carmakers extended losses as an intensifying auto industry price war in China stoked fears of a long-anticipated shake-out in the world's largest car market. BYD shares traded offshore fell 2.7 percent while Li Auto dropped 2.5 percent. Across the border, mainland-listed stocks closed lower, with the benchmark Shanghai Composite Index down 0.02 percent to 3,339.93. The Shenzhen Component Index closed 0.26 percent lower at 10,003.27 After a period of market consolidation, Sino-US negotiations are expected to remain in a tug-of-war phase, but with low active capital positioning and investors now seasoned by April's volatility, future disruptions are unlikely to significantly impact market risk appetite, Citic Securities analysts said in a note. US President Donald Trump has played his cards in trade negotiations, and the path ahead depends on the bargaining power of countries and corporates, but trade policies will not return to the pre-Trump period, Olivier Blanchard, senior fellow at Peterson Institute for International Economics, said at the UBS Asian Investment Conference on Wednesday. Free trade agreements typically take about one to two years to decide and three years to implement, he said. The Nikkei ended the day down 1.71 points at 37,722.40, effectively unchanged but snapping a three-day rally. The broader Topix also finished essentially flat but up 0.02 points at 2,769.51. (Reuters/Xinhua)
RTHK
6 days ago
- Business
- RTHK
Hong Kong stocks register small gains on opening
Hong Kong stocks register small gains on opening Hong Kong stocks were essentially flat despite big gains on Wall Street overnight. File photo: RTHK The Hang Seng Index was up just three points, or 0.01 percent, to open at 23,385 points on Wednesday morning. Mainland markets opened higher, with the benchmark Shanghai Composite Index up 0.03 percent to open at 3,341 points. The Shenzhen Component Index opened 0.1 percent higher at 10,039 points. (Xinhua)
