China and Hong Kong Stocks Rebound on Tech Rally
China and Hong Kong stocks snapped a two-day losing streak on Wednesday, tracking gains across Asian markets after chipmaker SK Hynix reported upbeat earnings.
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China and Hong Kong stocks snapped a two-day losing streak on Wednesday, tracking gains across Asian markets after chipmaker SK Hynix reported upbeat earnings.
U.S. stock futures rose Wednesday after Tuesday’s mixed close, with the Dow up 0.07%, the S&P 500 up 0.15% and the Nasdaq 100 up 0.42%.
HONG KONG, Oct 13 (Reuters) — China and Hong Kong stocks fell on Tuesday as a selloff in AI-related shares swept across Asia, pushing China's blue-chip index to its lowest in more than a year. * At the midday break, the blue-chip CSI300 Index was down 0.6%, hitting its weakest level since August 2025, while the Shangha
0328 GMT - The Chinese yuan is undervalued by as much as 25%, Jonas Goltermann, chief markets economist at Capital Economics says in a note. Reducing China's trade surplus to a broadly balanced position would necessarily involve the yuan's significant appreciation, he says. That said, exchange rate adjustment alone wou
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Global stocks rose, led by AI-linked tech shares, while oil fell on reports more supply was leaving the Gulf than previously thought. The note also listed closing levels for major equity, bond, currency and commodity markets.
The Hang Seng Index rose about 2.2%, or 541 points, to open at 25,751 on Friday, rebounding from prior session losses. Gains were supported by a global tech rally and reduced expectations for a September Fed rate hike.
The Hang Seng Index rises 1.5%, or 375 points, to 25,490 on Monday, with technology shares leading the recovery after four straight sessions of declines.