Hong Kong stocks continued their decline on Wednesday, with the Hang Seng Index falling 1.1% to 25,664.92, after losing 0.8% in the previous session. The decline was driven by weakness in major technology stocks such as Alibaba, JD.com, and Tencent, which fell 2.2%, 1.4%, and 1.2%, respectively. Market sentiment was also affected by concerns about…
Japanese stocks experienced a sharp decline on Wednesday, led by chip and electronics stocks, which were pressured by weakness in US technology stocks overnight. The Nikkei Stock Average fell 1.9% to 50,523.00. Stocks such as Kioxia Holdings fell 11%, SoftBank Group fell 9.1%, and Advantest plunged 8.1%. This decline reflects uncertainty in the Japanese market…
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…
Oil prices are on track for a third consecutive monthly decline, driven by concerns about a global oversupply, with OPEC+ expected to agree to another supply increase later this week. Brent crude fell near $64 per barrel, marking a monthly decline of more than 3%, while West Texas Intermediate (WTI) held near $60. The OPEC+…
Gold prices hovered around $4,000 per ounce on Friday, after surging 2.4% the previous day. The market is still weighing the US-China trade truce, which hasn’t addressed concerns about long-term competition. Gold is headed for its second weekly decline and is already down about 9% from its record high above $4,380 on October 20, as…
The Hang Seng Index opened slightly lower by 0.07% to 26,263 on Friday (October 31st), moving flat after a 0.2% decline in the previous session to 26,283. This cautious movement occurred amid mixed sentiment: some technology stocks weakened, while the market digested news of a US-China trade truce that had not yet fully boosted risk…
