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;…
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…
Asia-Pacific markets have extended gains on Wednesday after producer prices in the U.S. came in lower than expected for July. The producer price index — a measure of wholesale inflation — increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month’s reading,…
European stocks opened higher Tuesday, regaining some positive momentum after last week’s volatility. The Stoxx 600 index, the regional benchmark, was 0.4% higher at 8:07 a.m. London time. Financial services led gains, up 0.8%, while travel stocks slipped 0.86%. European stocks closed mixed on Monday as forthcoming U.S. and U.K. inflation data dominated investor attention….
Oil steadied after its first weekly gain since early July, with the market still waiting for Iran’s response to last month’s assassination of a Hamas leader in Tehran. Brent traded below $80 a barrel after rising almost 4% last week, while West Texas Intermediate was near $77. Tehran reiterated over the weekend its determination to punish Israel for…
Silver price (XAG/USD) remains tepid, trading around $27.20 per troy ounce during the Asian session on Tuesday. Growth concerns in the United States (US) have led to a broad selloff in financial markets, dampening the safe-haven appeal of the metal. Recent disappointing US labor market data has heightened fears that the Federal Reserve may be…
