The World Opinion

Tag: Hang Seng Index

  • Asia-Pacific shares upward push; China actual property stocks in Hong Kong drop on renewed considerations

    SINGAPORE — Stocks in Asia-Pacific rose in Friday industry following heavy losses for some regional markets within the earlier buying and selling day, as buyers proceed to evaluate the affect of a doubtlessly faster-than-expected coverage tightening through the U.S. Federal Reserve.

    The Nikkei 225 rose 0.55%, getting better partly from its just about 3% drop on Thursday. The Topix index complex 0.37%.

    Mainland Chinese language shares traded in certain territory because the Shanghai composite climbed about 0.2% whilst the Shenzhen element edged 0.334% upper. Hong Kong’s Grasp Seng index jumped 0.76%.

    South Korea’s Kospi won 1.12%. Stocks in Australia have been up in morning industry, with the S&P/ASX 200 emerging 1.54%.

    MSCI’s broadest index of Asia-Pacific stocks out of doors Japan traded 0.67% upper.

    Markets have been spooked previous within the week and fell sharply after mins from the Fed’s December assembly confirmed officers on the central financial institution able to aggressively dial again coverage lend a hand.

    The yield at the benchmark U.S. 10-year Treasury be aware rose as top as 1.75% on Thursday, closing sitting at 1.7158% — nonetheless a lot upper after finishing 2021 at 1.51%. Yields transfer inversely to costs.

    China actual property stocks drop

    Hong Kong-listed stocks of Chinese language actual property corporations fell in Friday industry after Reuters reported that developer Shimao Team defaulted on a consider mortgage, renewing considerations over the field.

    Shimao stocks in Hong Kong plunged 16.1% whilst China Evergrande Team fell 2.42% and Sunac dropped 5.05%. The Grasp Seng Houses index traded 0.98% decrease.

    Inventory selections and making an investment tendencies from CNBC Professional:

    In a single day on Wall Side road, the Dow Jones Commercial Reasonable fell 170.64 issues to 36,236.47 whilst the S&P 500 shed about 0.1% to 4,696.05. The Nasdaq Composite slipped 0.13% to about 15,080.87.

    Currencies and oil

    The U.S. greenback index, which tracks the dollar in opposition to a basket of its friends, was once at 96.22 — maintaining above ranges beneath 96 observed previous this week.

    The Jap yen traded at 115.93 according to greenback, more potent than ranges above 116 in opposition to the dollar observed the previous day. The Australian greenback was once at $0.7176 after the previous day’s drop from above $0.72.

    Oil costs have been upper within the morning of Asia buying and selling hours, with global benchmark Brent crude futures up 0.6% to $82.48 according to barrel. U.S. crude futures won 0.64% to $79.97 according to barrel.

  • Asia-Pacific shares most commonly fall; tech shares below force amid emerging U.S. bond yields

    SINGAPORE — Stocks in Asia-Pacific have been in large part decrease in Wednesday business, as generation shares within the area got here below force amid emerging U.S. bond yields.

    Hong Kong-listed stocks of Tencent fell 3.47% by means of the afternoon. The Chinese language tech massive on Tuesday introduced that it’s going to be divesting 2.6% of its fairness passion in Sea Restricted.

    Stocks of alternative Chinese language tech companies indexed within the town additionally declined, with Meituan down 9.43% whilst Kuaishou plunged 6.23%. The Dangle Seng Tech index plummeted 3.54%.

    In other places within the area, South Korea’s Samsung Electronics dropped 2.54% whilst Kakao fell 4.93%. In Australia, stocks of Afterpay slipped greater than 4%.

    The ones strikes got here as buyers monitored rates of interest within the bond marketplace, with U.S. Treasury yields emerging on the quickest new 12 months tempo in 20 years. The benchmark 10-year U.S. Treasury yield rose to as top as 1.71% on Tuesday, ultimate sitting at 1.6455%.

    Generation shares, whose long run profits are much less sexy to buyers when yields are upper, have a tendency to be hit when charges upward thrust.

    In different company traits, Hong Kong-listed stocks of China Cellular jumped 5.52%. The firmed made its Shanghai debut on Wednesday in China’s greatest public proportion providing in a decade, in keeping with Reuters. Mainland-listed stocks of China Cellular have been ultimate up 3.803%.

    In the meantime, stocks of China Huarong Asset Control plunged greater than 50% after resuming business from a nine-month suspension.

    Broader Asia-Pacific strikes

    Within the broader Asia-Pacific markets, Hong Kong’s Dangle Seng index slipped 0.85%. The Shanghai composite in mainland China dipped 0.81% whilst the Shenzhen element fell 1.573%.

    Over in South Korea, the Kospi dropped 1.52%. The S&P/ASX 200 in Australia shed 0.23%.

    In other places, the Nikkei 225 in Japan traded above the flatline whilst the Topix index climbed 0.29%.

    MSCI’s broadest index of Asia-Pacific stocks outdoor Japan declined 0.87%.

    Inventory choices and making an investment traits from CNBC Professional:

    In a single day on Wall Boulevard, the Dow Jones Commercial Reasonable jumped 214.59 issues to 36,799.65. Different primary indexes stateside declined amid the spike in bond yields as buyers turned around out of tech shares. The tech-heavy Nasdaq Composite dropped 1.33% to fifteen,622.72 whilst the S&P 500 dipped fractionally to 4,793.54.

    Currencies and oil

    The U.S. greenback index, which tracks the dollar in opposition to a basket of its friends, was once at 96.242 — nonetheless maintaining directly to positive factors following its climb from beneath 96 previous within the week.

    The Jap yen traded at 115.96 according to greenback, having weakened the day gone by from ranges beneath 115.5 in opposition to the dollar. The Australian greenback was once at $0.7232, following its contemporary leap from ranges beneath $0.72.

    Oil costs edged decrease within the afternoon of Asia buying and selling hours, with world benchmark Brent crude futures dipping 0.16% to $79.87 according to barrel. U.S. crude futures shed 0.18% to $76.85 according to barrel.

  • Asia-Pacific shares combined; information displays Chinese language manufacturing unit process enlargement accelerating in December

    SINGAPORE — Stocks in Asia-Pacific had been jumbled together Tuesday industry, as information confirmed accelerating Chinese language manufacturing unit process enlargement in December.

    Hong Kong’s Hold Seng index shed 0.42%.

    Chinese language tech shares indexed in Hong Kong fell in Tuesday industry, with stocks of Tencent shedding 1.67% whilst Meituan shed 1.61%. The Hold Seng Tech index slipped 1.34%. The ones losses got here after China’s our on-line world regulator introduced that web platforms with information for greater than 1 million customers will wish to go through a safety overview earlier than record out of the country from Feb. 15.

    Mainland Chinese language shares additionally declined. The Shanghai composite slipped 0.65% whilst the Shenzhen part shed 1.06%.

    Chinese language manufacturing unit process enlargement speeded up in December, in step with a personal survey launched Tuesday. The Caixin/Markit production Buying Managers’ Index got here in at 50.9, emerging from November’s studying of 49.9. Economists in a Reuters ballot had anticipated the determine for December to upward push to 50.

    The 50-point mark in PMI readings separates enlargement from contraction. PMI readings are sequential and constitute month-on-month enlargement or contraction.

    The reputable production Buying Managers’ Index for December, launched final week, confirmed an acceleration in enlargement of Chinese language manufacturing unit process that month. The reputable production PMI for December got here in at 50.3 from November’s studying of fifty.1.

    Somewhere else, the Nikkei 225 in Japan climbed 1.38%, whilst the Topix index won 1.27%. Over in Australia, the S&P/ASX 200 rose 1.59%. Stocks in Japan and Australia began their buying and selling yr on Tuesday following a Monday vacation.

    South Korea’s Kospi shed previous beneficial properties, falling 0.37%.

    MSCI’s broadest index of Asia-Pacific stocks outdoor Japan traded 0.1% upper.

    Inventory alternatives and making an investment traits from CNBC Professional:Currencies and oil

    The U.S. buck index, which tracks the buck towards a basket of its friends, was once at 96.235. That in comparison towards ranges beneath 96 observed lately.

    The Jap yen traded at 115.66 in keeping with buck, nonetheless weaker than ranges beneath 114.9 observed towards the buck final week. The Australian buck was once at $0.7197, less than ranges above $0.726 observed the previous day.

    Oil costs had been mildly decrease within the morning of Asia buying and selling hours, with world benchmark Brent crude futures beneath the flatline, buying and selling at $78.97 in keeping with barrel. U.S. crude futures slipped round 0.1% to $76.02 in keeping with barrel.

  • Asia shares upward push as buying and selling in 2022 kicks off with a favorable get started; Evergrande stocks halted

    SINGAPORE — Stocks in Asia rose in Monday morning industry, as buying and selling in 2022 kicked off on a favorable be aware. Some main markets within the area are closed.

    Hong Kong’s Dangle Seng index traded 0.2% upper.

    Buying and selling within the stocks and structured merchandise of debt-ridden Chinese language developer China Evergrande Crew was once halted in Hong Kong on Monday, in step with an alternate understand. No speedy explanation why was once given for the halt.

    South Korea’s Kospi won 0.94% whilst the Taiex in Taiwan complicated 0.29%.

    Over in Southeast Asia, the Straits Instances index climbed 0.4%.

    MSCI’s broadest index of Asia-Pacific stocks out of doors Japan traded 0.21% upper.

    Inventory selections and making an investment traits from CNBC Professional:

    Markets in Australia, mainland China and Japan are closed on Monday for a vacation.

    Currencies and oil

    The U.S. greenback index, which tracks the dollar towards a basket of its friends, was once at 95.729 after not too long ago falling from above 95.7.

    The Jap yen traded at 115.24 in step with greenback, weaker than ranges beneath 114.6 observed towards the dollar remaining week. The Australian greenback was once at $0.7265, above ranges beneath $0.722 observed within the earlier buying and selling week.

    Oil costs have been upper within the morning of Asia buying and selling hours, with global benchmark Brent crude futures up 0.54% to $78.20 in step with barrel. U.S. crude futures won 0.64% to $75.69 in step with barrel.