Hong Kong stocks rose around 201 points (0.8%) to 25,733 in Thursday’s morning session, extending their gains for a second day. This rise was driven by positive sentiment from Wall Street after the Fed cut interest rates in line with market expectations. Traders remain hopeful of further easing, although the US central bank has signaled…
The Nikkei index opened up around 0.2% to 50,707.54, following positive sentiment on Wall Street after the Fed cut interest rates. Today’s gains were led by financial and trading house stocks; Dai-ichi Life Holdings rose around 2.4%, while Sumitomo Corp. gained around 2.5%, reflecting a return to risk appetite in the Japanese stock market. On…
Oil prices continued their rally after the United States seized a sanctioned tanker off the coast of Venezuela, sparking concerns about supply disruptions and escalating geopolitical tensions. WTI for January delivery rose about 0.6% to around $58.79 per barrel in Asia, while Brent for February held above $62.21 per barrel. The seizure of this super-large…
Silver hit an all-time high (ATH) today as investor interest in the precious metal increased after the Fed’s interest rate policy shifted toward a more lenient stance. The interest rate cut made the yields of interest-bearing assets like bonds less attractive, prompting some funds to shift to non-yielding assets like silver. Furthermore, the earlier rally…
Gold prices rose for the third consecutive day after the Federal Reserve cut interest rates again and signaled a dovish stance. The precious metal briefly strengthened by about 0.5% to approach $4,248 per troy ounce, supported by falling US bond yields and a weakening dollar index following the final FOMC meeting of the year. At…
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…
