^HSI - HANG SENG INDEX
| Previous close | 28,185.98 |
| Open | 28,046.16 |
| Volume | 0 |
| Day's range | 27,985.98 - 28,263.44 |
| 52-week range | 24,540.63 - 30,280.12 |
| Avg. volume | 1,938,008,510 |
- FX Empire•22 hours ago
Futures Weighed by Geopolitical Tensions, Upcoming Fed Speeches in Focus
The global equity markets were mostly lower ahead of the opening bell as investors digested tensions between Iran and the US. There are two Fed member speeches today that stand to move the markets, depending on the message conveyed.
- FX Empire•yesterday
Asian Investors “Uncomfortable” After U.S. Official Dampens Positive Sentiment Ahead of Trump-Xi Meeting
The early sentiment in Asia indicates that sellers have gained the upper hand. It’s not a bearish tone, per se, but rather one being dictated by long liquidation by those investors who want to avoid the pain of another steep sell-off, and aggressive short-sellers betting on the worst outcome.
- FX Empire•2 days ago
Futures Rise Alongside Bonds and Oil Prices
US equities are set for a modestly higher open while global equities are mixed to start the new week. The focus for equity traders will be on a meeting between Trump and Xi that takes place later this week.
- FX Empire•5 days ago
Global Equity Market Gains Limited by Rising Middle East Tensions
The new worry is a potential escalation of the tensions between the United States and Iran. This could limit gains today by encouraging investors to lighten up their long positions.
- FX Empire•6 days ago
Asian Shares Up on Rate Cut Expectations, Trade Deal Hopes
After presenting a plethora of data and projections, Fed Chair Jerome Powell held a press conference. It was at this press conference that he opened the door to the possibility of a rate cut as soon as July. He said, “Many participants now see the case for somewhat more accommodative policy has strengthened.”
- FX Empire•7 days ago
Asian Stocks Higher on Wall Street’s Lead Ahead of Fed Decisions
“The news on the talks in Osaka is a short term positive for asset markets, but we believe any talks will change little unless either side makes some meaningful concessions, which we do not view as likely at this time,” Pang added. While there is only a 20% chance of a rate cut in June, traders want to hear the Fed is leaning to its first cut in 10 years in July. If this isn’t stated clearly then the markets could weaken.
- MarketWatch•8 days ago
S&P 500 ends within 1% of record ahead of pivotal Fed meeting
The Dow and S&P 500 on Tuesday finish at their highest levels in about six weeks ahead of a key Federal Reserve decision, as President Donald Trump tweeted that he had a productive conversation with Chinese counterpart Xi Jinping.
- CNBC•8 days ago
European stocks surge following Draghi speech; Stoxx 600 up 1.8%
European stocks rebounded Tuesday following a speech from European Central Bank President Mario Draghi, which suggested that the ECB will provide more stimulus if inflation does not pick up.
- FX Empire•8 days ago
Asia Stocks Mixed; Aussie Shares Up as RBA Minutes Confirm Further Easing
Australian shares are moving higher on Tuesday after the Reserve Bank of Australia (RBA) said further easing was likely. However, investors are largely targeting defensive sectors ahead of the two-day Fed meeting.
- FX Empire•9 days ago
Futures Up With FOMC In Focus, Geopolitical Risks Mount, Markets Brace For More Tariffs
Global markets are mixed as geopolitical tensions mounts, Trump prepares to hike tariffs, and the FOMC meeting comes into sharp focus.
- Reuters - UK Focus•9 days ago
GLOBAL MARKETS-Stocks, dollar hold gains with all eyes on Fed meeting
Share markets couldn't add to recent gains and government bond yields inched fractionally higher on Monday, as investors hunkered down for what is shaping up to be a crucial week for global monetary policy. It could also restart the quantitative easing programme it wound down at the end of last year.
- Reuters•9 days ago
Ping An's OneConnect leaning towards New York over Hong Kong for IPO - sources
Ping An Insurance's OneConnect financial technology unit is leaning toward picking New York over Hong Kong for its initial public offering (IPO) in the hope of achieving a higher valuation, three people with direct knowledge of the matter said. Ping An Insurance Group Co of China Ltd, China's biggest insurer by market value, had been planning a Hong Kong IPO of the unit since the beginning of the year in a deal that could raise up to $1 billion. The insurer is now seeking to list OneConnect in New York as early as in September, said one of the people, who were not authorised to speak to media and so declined to be identified.
- Market Realist•12 days ago
Hang Seng Falls on China Worries, Nikkei and Sony Surge
China’s growth worries haunted global markets today but the tremors were strongest closer to the mainland, in Hong Kong.
- MarketWatch•12 days ago
Bond king Jeffrey Gundlach bets on gold and rings alarm bell on potential U.S. recession
Bond king Jeffrey Gundlach has predicted a 40% to 50% chance of a U.S. recession within the next six months and a 65% chance of that happening in the next 12 months, in a webcast to clients late Thursday
- FX Empire•12 days ago
Tech Tanks, Tensions Rise In Middle East, China Data Disappoints The Market
Global markets are moving lower with chip stocks and tech in the lead. Weaker than expected data in China weighs on sentiment.
- CNBC•12 days ago
European stocks under pressure amid Middle East tensions; tech stocks down 1.5%
European stocks traded lower Friday as tensions heightened between the U.S. and Iran following attacks on two oil tankers in the Gulf of Oman on Thursday.
Bloomberg•13 days agoStocks in U.S. Climb With Treasuries; Oil Gains: Markets Wrap
Oil rallied on escalating Middle East tensions. The S&P 500 Index reached a five-week high as a surprise increase in U.S. jobless claims supported the idea the Federal Reserve may take a dovish turn. The Stoxx Europe 600 Index had opened in the red following declines across Asia, but reversed course to post a small advance.
- MarketWatch•13 days ago
Trump’s trade war has cost the market trillions; we’ll get half back, says JPMorgan
The summer months are so far delivering a lot of news for investors, and a lot of stress. Why not head to the beaches? J.P. Morgan’s quant superstar says stick it out, because this too shall pass.
- FX Empire•13 days ago
Equities Snap Two-Day Losing Streak, Oil Leads Market After Tanker Incident, Trade Is Still In Focus
Global equities rebound, snapping a two-day losing streak as the June rally resumes its upward trajectory.
- Market Realist•13 days ago
Hang Seng Ends Flat after Protests and Nikkei 225 Slides Again
Hong Kong’s Hang Seng Index opened lower today and fell sharply in early trade in response to the political situation in the city. As life started getting back to normal in Hong Kong, the bulls returned and the index maintained upward momentum. The Hang Seng closed almost flat at the end of the session.
- Bloomberg•13 days ago
Hong Kong’s Financial Elite Grow Uneasy as China Tensions Rise
As police fired tear gas and rubber bullets at charging protesters in the central business district on Wednesday, conversations in the skyscrapers above turned to the potential fallout from an extradition bill that critics warn will erode Hong Kong’s prized judicial independence from China. “People could feel the tear gas and pepper spray on the way home,” said the banker, who like several others quoted in this story asked not to be identified discussing a politically charged subject. For international companies that maintain regional headquarters and employ thousands of workers in Hong Kong, the question is whether rising political risks could ultimately threaten the former British colony’s appeal as a gateway to China.
- Reuters - UK Focus•13 days ago
MORNING BID EUROPE-Round one: race to replace UK's May starts
Switzerland has slightly raised its 2019 economic growth forecast to 1.2% but warned of risks to the global economy, including the trade dispute between the United States and China, uncertainty over Brexit and Italy's financial situation. The move came before the Swiss National Bank's quarterly policy meeting later today at which the central bank was expected to keep its ultra-loose monetary policy unchanged. Last week, officials of the internationally recognised Cypriot government said they had agreed a production-sharing deal with U.S.-based Noble Energy and partners over commercial exploitation of the Aphrodite field.
- CNBC•13 days ago
European stocks set to open lower again as Brexit uncertainty deepens
European stocks were expected to open lower again Thursday as U.K. lawmakers signaled the country is still open to leaving the European Union without a deal in place, a move which is bound to unnerve investors.
- Bloomberg•13 days ago
Hong Kong Protests Lengthen List of Worries for Stock Traders
A trade war between China and the U.S., a slumping yuan, spiking interbank rates and now street protests that spilled across the city’s financial district in a repeat of 2014’s Occupy movement. The last two -- rates and protests -- have combined to snuff out a nascent recovery in the benchmark Hang Seng Index after last month’s 9.4% drubbing. The gauge tumbled as much as 2% on Wednesday after the one-month interbank borrowing cost surged to a decade-high and protesters demanded the city’s government drop a planned bill that would allow extradition to mainland China.
- Reuters - UK Focus•13 days ago
GLOBAL MARKETS-Hong Kong leads Asian stocks lower, oil near 5-month lows
Asian shares were led lower on Thursday as the Hong Kong market fell for second consecutive session following a day of massive street protests, while oil prices flirted with five-month lows due to higher U.S. crude inventories and a bleak demand outlook. Hopes that the United States and China will clinch a deal on the sidelines of a Group of 20 summit meeting in Osaka on June 28-29 have been fading, also hurting sentiment and driving bond yields down.
