Latest news with #HangSengIndex
Business Recorder
7 hours ago
- Business
- Business Recorder
China stocks retreat 7-month high following Mideast calm
HONG KONG: China and Hong Kong shares weakened on Thursday after hitting multi-month peaks, as a relief rally over the ceasefire in the Middle East took a breather. At market close, the Shanghai Composite index declined 0.2% after briefly touching the highest level since December during earlier trades. China's blue-chip CSI300 index lost 0.4%. The brokers sector lost 1.7% to give up some of the gains seen on Wednesday and the rare earth sector declined 1.2%. Offsetting the onshore losses, the CSI Defence Index gained 0.4% while banking shares advanced 1%. In Hong Kong, the benchmark Hang Seng Index snapped a four-day winning streak and weakened 0.6%, pulling back from a three-month high hit at the previous close. While markets have been soothed by a ceasefire between Israel and Iran, traders were on edge about Trump's July 9 deadline on imposing tariffs on trading partners and his pressure on the Fed. China stocks closes at six-month high as ME truce lifts sentiment China markets are expected to face some volatility pressure between July and August following the recent gains, and investors are advised to remain cautious in the short term, analysts at Morgan Stanley said in a note. Analysts at Goldman Sachs said in a note on Thursday that they have observed strength across China assets from the trading desks with long-only funds and hedge funds both getting more active. Clients' feedback now expect more retail participation following the recent rally. Still, the upcoming earnings season and corporate guidance for the second half will be the key focus as there's limited visibility on macro support, they added.
The Standard
8 hours ago
- Business
- The Standard
HSI retreats from three-month high
The Hang Seng Index slid 149 points, or 0.61 percent, to close at 24,325 points. SING TAO
Business Times
8 hours ago
- Business
- Business Times
Singapore stocks rise on Thursday amid mixed regional trading, STI up 0.3%
[SINGAPORE] Local stocks ended higher on Thursday (Jun 26), amid mixed trading in the region. The benchmark Straits Times Index (STI) rose 0.3 per cent or 12.48 points to 3,938.46. Across the broader market, gainers outnumbered losers 294 to 185, after 1.2 billion securities worth S$1.3 billion changed hands. Key indices in the region ended mixed. The Hang Seng Index fell 0.6 per cent, and Kospi was down 0.9 per cent. Meanwhile, the Nikkei 225 gained 1.7 per cent, and the FTSE Bursa Malaysia KLCI rose 0.6 per cent. Market sentiments have rebounded as global economic conditions modestly improved amid tariff de-escalation, said Barnabas Gan, group chief economist and head of market research at RHB. If this trend holds, expectations of fewer interest rate cuts, sustained risk-on appetite, and upward revisions to regional gross domestic product growth are reasonable, Gan said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up But a key downside risk is the short time frame before reciprocal tariff suspensions expire, he noted. 'In this context, we maintain a tactical overweight in equities and market weight in fixed income through August, but remain ready to pivot back into safe havens should trade risks re-emerge,' he said. On the STI, DFI Retail Group was the top gainer, rising 2.6 per cent to US$2.75. ST Engineering had the biggest decline, losing 1 per cent to S$7.87. The local banking trio were mixed. OCBC gained 0.2 per cent to S$16.23 and UOB rose 0.4 per cent to S$35.85, while DBS lost 0.4 per cent to S$44.42.
RTHK
9 hours ago
- Business
- RTHK
Hang Seng Index slips, ends four-day win streak
Hang Seng Index slips, ends four-day win streak The Hang Seng Index ended the day down 149.27 points, or 0.61 percent, at 24,325.40. File photo: RTHK Mainland and Hong Kong shares ended up weaker on Thursday after hitting multi-month peaks, as a relief rally over the ceasefire in the Middle East took a breather. In Hong Kong, the benchmark Hang Seng Index snapped a four-day winning streak to end the day down 149.27 points, or 0.61 percent, at 24,325.40, pulling back from a three-month high hit at the previous close. Up north, the benchmark Shanghai Composite Index ended down 0.22 percent at 3,448.45 after briefly touching the highest level since December during earlier trades. The Shenzhen Component Index closed 0.48 percent lower at 10,343.48. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.66 percent to close at 2,114.43. The brokers sector lost 1.7 percent to give up some of the gains seen on Wednesday and the rare earths sector declined 1.2 percent. Offsetting the onshore losses, the CSI Defence Index gained 0.4 percent while banking shares advanced 1 percent. While markets have been soothed by a ceasefire between Israel and Iran, traders were on edge about US President Donald Trump's July 9 deadline on imposing tariffs on trading partners and his pressure on the US Federal Reserve. China markets are expected to face some volatility pressure between July and August following the recent gains, and investors are advised to remain cautious in the short term, analysts at Morgan Stanley said in a note. Analysts at Goldman Sachs said in a note on Thursday that they have observed strength across China assets from the trading desks with long-only funds and hedge funds both getting more active. Clients' feedback now expect more retail participation following the recent rally. Still, the upcoming earnings season and corporate guidance for the second half will be the key focus as there's limited visibility on macro support, they added. Japan's Nikkei share average touched its highest in almost five months, as a period of calm in the Middle East encouraged investors to buy back riskier assets, particularly chip and other high-tech shares. The Nikkei climbed 1.7 percent to 39,584.58 at the close and reached 39,615.59 at its highest point during the session, a level last seen on January 31. Artificial intelligence-linked stocks stood out, with startup investor SoftBank Group climbing 5.5 percent and chip-testing equipment maker Advantest advancing 5 percent. By contrast, the broader and less tech-heavy Topix rose 0.8 percent. (Reuters)
New Straits Times
9 hours ago
- Business
- New Straits Times
China stocks retreat 7-month high following Mideast calm
HONG KONG: China and Hong Kong shares weakened on Thursday after hitting multi-month peaks, as a relief rally over the ceasefire in the Middle East took a breather. At market close, the Shanghai Composite index declined 0.2 per cent after briefly touching the highest level since December during earlier trades. China's blue-chip CSI300 index lost 0.4 per cent. The brokers sector lost 1.7 per cent to give up some of the gains seen on Wednesday and the rare earth sector declined 1.2 per cent. Offsetting the onshore losses, the CSI Defence Index gained 0.4 per cent while banking shares advanced 1 per cent. In Hong Kong, the benchmark Hang Seng Index snapped a four-day winning streak and weakened 0.6 per cent, pulling back from a three-month high hit at the previous close. While markets have been soothed by a ceasefire between Israel and Iran, traders were on edge about Trump's July 9 deadline on imposing tariffs on trading partners and his pressure on the Fed. China markets are expected to face some volatility pressure between July and August following the recent gains, and investors are advised to remain cautious in the short term, analysts at Morgan Stanley said in a note. Analysts at Goldman Sachs said in a note on Thursday that they have observed strength across China assets from the trading desks with long-only funds and hedge funds both getting more active. Clients' feedback now expect more retail participation following the recent rally. Still, the upcoming earnings season and corporate guidance for the second half will be the key focus as there's limited visibility on macro support, they added.
