The Hang Seng Index fell 1.2% at 25,765.36 in Hong Kong. The move follows the previous session’s increase of 0.6%. Today, commerce and industry stocks led the market lower, as all sectors lost; 74 of 89 shares fell, while 14 rose. China Construction Bank Corp. contributed the most to the index decline, decreasing 4.0%. Pop…
The Hang Seng Index opened 0.1% higher, climbing 17.66 to 17,587.23, as stocks gain for the third straight day in Hong Kong. HSBC Holdings Plc contributed the most to the index gain, increasing 0.8%. Li Ning Co. had the largest increase, rising 3.1%. In early trading, 42 of 82 shares rose, while 33 fell; 2…
May 6 2025, 06:58 Oil prices steadied after a sharp decline with the prospect of more OPEC+ supply weighing on the outlook, as the U.S.-China trade war continues. West Texas Intermediate crude futures were trading above $57 a barrel after falling 2% on Monday, with Brent crude settling near $60. Saudi Arabia has warned of…
Gold prices rebounded after their biggest drop in more than a week, driven by widespread risk-off sentiment in financial markets, boosting demand for safe assets. Spot gold rose to near $3,950 per ounce, after falling nearly 2% in the previous session, as the US dollar continued to strengthen. Global stock markets resumed their decline on…
Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after U.S. Federal Reserve Chair Jerome Powell’s dovish remarks cemented expectations for a September rate cut. Spot gold was steady at $2,510.75 per ounce, as of 0544 GMT, after gaining more than 1% in the previous session. U.S. gold futures were…
Jan 2 2025, 13:14 Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China’s economy and fuel demand following a pledge by President Xi Jinping to promote growth. Brent crude futures rose 17 cents, or 0.06%, to $74.82 a barrel by…
