The Hang Seng Index opened 0.4% lower, dropping 65.29 to 17,048.07, as stocks lose for the second straight day in Hong Kong. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Li Ning Co. had the largest drop, falling 5.3%. In early trading, 57 of 82 shares fell, while 24 rose;…
Japan’s benchmark Topix index edged higher as expectations for Federal Reserve rate cut continued to hold following US inflation data, while signs of strength in domestic private consumption supported investor sentiment. Topix index rose 0.6% to 2,598.15 as of 9:33 a.m. Tokyo Nikkei advanced 0.3% to 36,533.60. Sumitomo Mitsui Financial Group Inc. contributed the most to the…
Asian equities were primed for some losses early Thursday after a fairly muted Wall Street reaction to in-line US inflation data that still supported expectations for Federal Reserve rate cuts. Equity futures in Japan and Hong Kong fell, while those in Australia advanced and US contracts were little changed. The S&P 500 closed 0.4% higher Wednesday, while the Nasdaq 100 added 0.1%, after…
