HANG SENG INDEX (^HSI)
| Previous close | 18,578.30 |
| Open | 18,577.55 |
| Volume |
| Day's range | 18,411.02 - 18,638.81 |
| 52-week range | 14,794.16 - 20,361.03 |
| Avg. volume | 2,732,297,521 |
BloombergGlobal Funds’ China Underweight May Have Bottomed, UBS Says
(Bloomberg) -- Global funds’ underweight position in Chinese equities may have reached a bottom as foreign inflows return, according to UBS Group AG.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountRussians Are Coming to Terms With Putin’s War in UkraineWhile emerging market funds r
- Reuters
GLOBAL MARKETS-Global shares rally on rate cut hopes, yen weakens
A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan's suspected currency intervention. Stocks on both sides of the Atlantic advanced, and in Asia too, as a softer-than-expected U.S. labor market report on Friday led traders to revive bets that the Federal Reserve would ease monetary policy as early as September. The dollar index, a measure of the U.S. currency against six major trading peers, was lower for a fourth straight session after Friday's data showed the lowest jobs gain since October calmed any angst that the Fed might even hike again.
- Reuters
GLOBAL MARKETS-Global shares gain on rate cut bets; yen weakens
A gauge of global stock markets rose on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a strong surge last week from Japan's suspected currency intervention. Philip Lane, Gediminas Simkus and Boris Vujcic said separately that the inflation and growth data cemented their belief that euro zone inflation, which was 2.4% in April, will slow to the central bank's 2% target by the middle of next year.
