The Hang Seng Index opened 0.8% lower, dropping 143.63 to 17,167.42, as stocks lose for the third straight day in Hong Kong. Meituan contributed the most to the index decline and had the largest move, decreasing 3.6%. In early trading, 64 of 82 shares fell, while 12 rose; 2 of 4 sectors were lower, led…
Oil fell, joining a retreat in commodities and equity markets, as a soft outlook for China’s economy outweighed lower US stockpiles. Brent dropped toward $81 a barrel after gaining 0.9% on Wednesday, with West Texas Intermediate near $77. While Beijing further eased monetary policy on Thursday, there’s underlying concern that its slowdown will hamper crude demand. Equities and commodities including copper were…
Gold price (XAU/USD) extends the previous day’s sharp retracement slide from the weekly peak and remains under heavy selling pressure for the second straight day on Thursday. The downfall, though lacking any obvious fundamental catalyst, drags the commodity to a two-week low, around the $2,370 level during the Asian session. That said, a combination of…
Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices. Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel by 0343 GMT. U.S. West Texas Intermediate crude for September increased 38 cents, or 0.5%,…
Japanese stocks plummeted on Wednesday, tracking US market declines, as disappointing technology earnings overshadowed a yen rally to a six-week high ahead of a potential rate hike at next week’s central bank meeting. The Nikkei 225 dropped 1.11%, or 439.54 points, to 39,154.85. Traders had hoped tech earnings would extend the global stock rally, but…
Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve’s rate-cut timeline. Spot gold was up 0.3% at $2,416.62 per ounce, as of 0402 GMT. U.S. gold futures gained 0.4% to $2,417.10. Investors expect key U.S. data releases this week, including the second-quarter gross domestic product (GDP)…
