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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
- 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)
RTHK
26-05-2025
- Business
- RTHK
Hong Kong stocks open down marginally
Hong Kong stocks open down marginally Trading volumes across Asian markets are expected to be thin given that US and UK markets are closed on Monday due to public holidays. File photo: RTHK The Hang Seng Index fell 167 points or 0.71 percent to open at 23,434 points on Monday. Mainland stocks opened lower, with the benchmark Shanghai Composite Index down 0.05 percent to open at 3,346 points. The Shenzhen Component Index opened 0.17 percent lower at 10,114 points. (Xinhua)
RTHK
23-05-2025
- Business
- RTHK
HK stocks inch up amid US fiscal fears
HK stocks inch up amid US fiscal fears The Hang Seng Index rose 13.07 points, or 0.06 percent, to 23,557.30 in opening trades for the day. File photo: RTHK Asian shares made tentative gains on Friday as beaten-down Treasuries found buyers after US President Donald Trump's tax bill narrowly passed the lower house, although debt worries still lingered. In Hong Kong, the benchmark Hang Seng Index had a flat opening, rising a mere 13.07 points, or 0.06 percent, to 23,557.38. Across the border, the benchmark Shanghai Composite Index was down 0.1 percent to open at 3,376.87. The Shenzhen Component Index opened 0.09 percent lower at 10,210.62. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, was down 0.12 percent to open at 2,043.2. Australian shares edged higher, as gains in energy and bank stocks offset losses in miners and gold, with investors closing out a week shaped by the Reserve Bank of Australia's second interest rate cut in more than four years. Overnight, purchasing managers' index data around the globe showed US business activity picked up pace in May, which helped Wall Street rise earlier yesterday before running into selling pressures and closing the day largely flat. In contrast, disappointingly weak activity in Europe dragged shares there lower. Nasdaq futures and S&P 500 futures both were flat. The Republican-controlled US House voted by a slim margin to pass Trump's tax cut bill, which would fulfil many of his campaign pledges, but will increase the US$36.2 trillion US debt pile by US$3.8 trillion over the next decade. Treasury yields, especially at the longer-dated end, have climbed on worries about US fiscal health in the run-up to the passage of the bill. That was exacerbated by the decision from Moody's last week to downgrade the US credit rating, citing rising debt. In Asia, yields on super-long Japanese government bonds held near all-time highs on Friday. The 30-year yields have jumped 23 basis points this week and were last at 3.175 per cent, which is being monitored closely by the Bank of Japan. The MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent on Friday but for the week it is still set for a loss of 0.4 per cent after five weeks of gains. (Reuters/Xinhua)
