^HSI - HANG SENG INDEX
| Previous Close | 29,071.561 |
| Open | 29,173.330 |
| Volume | 0 |
| Day's Range | 28,847.340 - 29,243.100 |
| 52 Week Range | 24,540.631 - 31,592.561 |
| Avg. Volume | 1,733,258,684 |
- Bloomberg•8 hours ago
Li Ka-Shing's Son Stumbles in Year Since Father’s Retirement
Li Ka-shing, the self-made billionaire who over seven decades turned a plastic flower business into a global empire spanning ports and property to telecommunications and retailing, last March announced he would retire. Twelve months later, Victor Li, 54, has learned a tough lesson about being the follow-up act to a legendary figure in Hong Kong and investors have been pretty unforgiving so far. The stock price of the family’s flagship company, CK Hutchison, has dropped 16 percent in the year since Li Ka-shing announced his retirement.
- Bloomberg•18 hours ago
Stocks Close at Five-Month High on Dovish Fed Turn: Markets Wrap
West Texas crude and gold declined. After the Federal Reserve announced yesterday that it had no plans to raise rates in 2019, stocks resumed the year’s upward charge. “It’s a confirmation that the market was right that we didn’t need such aggressive Fed policy,” said Hank Smith, co-chief investment officer at Haverford Trust, which manages $8.5 billion.
- FX Empire•yesterday
Equities Fall On Growth Concerns, Brexit Turmoil Rocks EU, Asia Mixed With US/China Trade In Question
Growth outlook, Brexit Chaos, and Trade fears weigh on global indices with no end to the turmoil in sight.
Bloomberg•yesterdayIt's Super Thursday for Earnings and Central Banks: Taking Stock
Traders woke up to Federal Reserve Chairman Jerome Powell’s comments that the central bank would keep interest rates on hold for “some time” as global risks weigh on the U.S. economy and inflation remains muted. It’s the most intense day for earnings in Hong Kong since October 2017, with the benchmark gauge on the brink of a bull market and traders looking for any signs the good times will continue to roll. Tencent, the biggest component of Asia’s benchmark index, comes into its latest report on a wave of investor optimism.
- CNBC•2 days ago
Asian shares rise after Fed keeps rates on hold
Shares in Asia mostly rose on Thursday after the U.S. Federal Reserve announced it was keeping interest rates on hold, and indicated that no more rate hikes would be coming in 2019.
- Bloomberg•2 days ago
U.S. Stocks End Day Lower Despite Dovish Fed Turn: Markets Wrap
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Bloomberg•2 days agoThe Pessimist's Take on Asia's Biggest Markets: Taking Stock
U.S. negotiators are worried China is pushing back against American demands in the trade talks, according to people familiar with the discussions. Let’s start in Hong Kong, where the local dollar has emerged as one of the losers amid the screaming rally in Chinese stocks this year. Investors are selling the currency for the yuan and buying mainland shares, according to strategists at Bank of America Merrill Lynch.
- Bloomberg•3 days ago
U.S. Stock Rally Fizzles on China Trade Concerns: Markets Wrap
A rally in equities sputtered out after a report that U.S. and Chinese negotiators remain at odds on aspects of their current trade talks. Treasury yields narrowed and Texas crude declined. The S&P 500 Index ended the session little changed Tuesday on word that Trump administration officials are concerned that China is pushing back against U.S. demands.
- FX Empire•3 days ago
Futures Rise On Fed Hope, Brexit Blocked In UK, RBA Sees Risk And Uncertainty In Global Markets
FOMC meeting in sharp focus, Brexit Blocked, markets flat but big moves are in store.
- FX Empire•4 days ago
FOMC Meeting Comes Into Focus, Basic Resources Leads, Concrete Progress On Trade
Another FOMC meeting comes into focus while traders wait anxiously for news on U.S./China trade talks.
- FX Empire•5 days ago
The Week Ahead – Brexit, the FED, the Stats, and Trade Talks in Focus
The FED, Brexit and Trade Talks will be the key drivers through the week. Expect some focus on the stats.
- FX Empire•6 days ago
The Weekly Wrap – Brexit and Trade Optimism Drive the Majors
The Pound was the leader of the pack, with a vote against a no-deal departure and a Brexit extension providing much-needed support.
FX Empire•7 days agoTrade Hope Lifts Stocks, UK Delays Brexit, BOJ Holds Rates Steady
UK delays Brexit, China pledges support for the economy, renewed trade hopes lift markets.
- FX Empire•8 days ago
Trade Fears Resurface, No-Deal Brexit Is Off The Table, China Industrial Output Falls In February
No-Deal Brexit is off the table, at least that’s what the UK says, but it may not matter. If the EU doesn’t agree the UK may have no choice.
- Bloomberg•9 days ago
U.S. Stocks Rise to Four-Month High as Pound Jumps: Markets Wrap
The pound jumped as the U.K. parliament voted to reject a no-deal Brexit. The S&P 500 Index climbed for a third day, wiping out last week’s losses and reaching a four-month high as it held above the key 2,800 level. The U.S. data signaled a positive start to the year for the world’s biggest economy and little pressure on the Federal Reserve to raise interest rates, just as investors were digesting disappointing numbers from Japan and Australia.
- FX Empire•9 days ago
Brexit Bombshell, Another Brexit Vote Due Today, Futures Up But Fears Linger
May’s Brexit deal gets voted down again, now lawmakers must decide what to do next and that decision will move the market.
Bloomberg•9 days agoChina's World-Beating Stock Rally Puts Hong Kong in the Dust
The city’s two main benchmarks are hardly doing badly, but gauges on the mainland -- after a grim 2018 -- are eclipsing them and just about every other worldwide. While onshore shares slid on Wednesday in a volatile trading day, the renewed enthusiasm for yuan-denominated stocks means the Hang Seng Index is lagging the Shanghai Composite this quarter by the most since 2015. The gap in performance has widened enough to make A shares pricier than stocks in Hong Kong for the first time since October.
- Bloomberg•10 days ago
U.S. Stocks Rise for Second Day While Pound Drops: Markets Wrap
U.S. stocks capped a second day of gains, while Treasuries rallied after weak inflation data bolstered bets the Federal Reserve can stay patient. The pound fell as the U.K.’s Brexit turmoil deepened. While the S&P 500 Index pushed its two-day gain to 1.8 percent, Brexit and renewed turmoil for Boeing dominated headlines throughout the day.
- FX Empire•10 days ago
Brexit Moves Asia, May Secures Binding Concessions, U.S. Inflation In Focus
Theresa May secured legally binding changes to the Irish Backstop but the AG says its not enough to protect the UK.
- Financial Times•10 days ago
[$$] S&P 500 wins back-to-back gain, Treasuries rally after inflation data
US stocks rose for a second consecutive day, while US Treasuries also rallied, as investors digested a weak inflation reading and news that UK’s parliament defeated Prime Minister Theresa May’s revised ...
- CNBC•10 days ago
Morgan Stanley says emerging markets investors are set for strong gains
An emerging markets index under MSCI could surge as much as 8 percent by the end of this year, Morgan Stanley predicted in a Monday report.
- FX Empire•10 days ago
Risk Appetite in Asia Surges as UK Prime Minister May Secures Brexit Assurances
Risk appetite jumped early Tuesday as speculative buyers reacted positively to the news that U.K. Prime Minister Theresa May might be closer to securing approval for her Brexit deal.
- Bloomberg•11 days ago
Tech Rally Powers Best Stock Surge Since January: Markets Wrap
U.S. stocks jumped the most in six weeks as chipmakers rallied on deal news and the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. Treasuries slipped. It is the biggest component of the price-weighted Dow Jones Industrial Average and the only of the 30 blue chips to retreat.
Bloomberg•11 days agoAsia Has China Market to Thank for Trading Surge
Trading on the MSCI Asia Pacific Index ballooned to a 44 billion shares on Feb. 25, surpassing the previous record of 32.6 billion reached in May 2009, according to data compiled by Bloomberg going back more than two decades. The influx of trading appears to be largely concentrated in Hong Kong and China, with volume in both markets hitting highs at the end of February. The CSI 300 Index saw volume of almost 36 billion on Feb. 26, the highest since November 2015, and Hang Seng Index trading has stayed elevated since hitting 3.6 billion shares in February.
- FX Empire•11 days ago
Brexit Weighs on the GBP as Focus Shifts to the USD and Retail Sales
While Dollar strength kicked in this morning, today’s retail sales figures and sentiment towards Brexit and trade talks will be key.
