May 13 2025, 10:08 Hong Kong shares plunged 343 points, or 1.5%, to 23,205 during the morning session on Tuesday, ending an eight-day winning streak as investors locked in profits after the Hang Seng hit a 1-1/2-month high. U.S. futures also edged lower ahead of a key inflation report. At the same time, concerns over…
Oil prices rose for a second day as geopolitical risks from Venezuela to Russia outweighed long-standing concerns about a global supply surplus. This means that even though global supply is still considered excessive, the market is still pushing prices up due to fears of political supply disruptions. In recent trading, WTI rose to near $57/barrel…
The Hang Seng Index fell 0.9% to 26,518.27 on Friday morning (9:50 a.m. local time), following a pause in the Wall Street rally and concerns that AI hype has led to overpriced valuations. The biggest pressure came from large tech stocks: Baidu -3.2%, Alibaba -2.2%, JD.com -1.9%, followed by Li Auto -3.3% and Zijin Mining…
Japanese stock indexes rose in recent trading, following Wall Street’s recent record highs. This rise was supported by expectations that the Fed will maintain its loose monetary policy in the near term. The technology, metals, and electronics sectors led the gains, with SoftBank Group shares surging 4.9%, Sumitomo Metal Mining up 4.7%, and Hitachi Ltd….
Oil surged more than 4% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East, home to almost a third of global supply. West Texas Intermediate rose above $86 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting…
The crypto market moved lower on Tuesday. Bitcoin slumped to around $112,000 after experiencing a sell-off earlier in the month, while Ether also fell by around 5% to around $3,900, and most major altcoins also fell, pushing the total crypto market capitalization down by around 1%. Market participants appeared cautious ahead of the Federal Reserve’s…
