^HSI - HANG SENG INDEX
| Previous close | 28,883.04 |
| Open | 28,988.16 |
| Volume | 0 |
| Day's range | 28,813.13 - 29,101.15 |
| 52-week range | 24,899.93 - 30,280.12 |
| Avg. volume | 1,455,105,303 |
- FX Empire
Asian Shares Post Solid Weekly Gains Amid Trade Deal Signing, China GDP Growth
The United States removed China from a list of countries considered currency manipulators just two days before top trade negotiators for Washington and Beijing signed a key “Phase One” trade deal, the Treasury Department announced on January 13.
- FX Empire
Asian Stocks Firm; Australian Shares Pass 7000-Point Milestone
The Australian share market surged into record territory on Thursday, passing the 7000-point milestone for the first time ever. The Bank of Japan is expected to keep monetary policy steady next week.
- FX Empire
Asian Shares Finishes Lower on Investor Trepidation Ahead of Trade Deal Signing
The fact that tariffs are likely to remain in place until after the 2020 U.S. presidential elections is rattling investors along with U.S. Treasury Secretary Steven Mnuchin’s comment that existing tariffs on Chinese goods would stay, pending further talks.
- Financial Times
China renminbi climbs after US drops ‘currency manipulator’ tag
the label of the country as a currency manipulator, ahead of the signing this week of a “phase one” trade deal between the two sides. China a currency manipulator in August after the Chinese central bank allowed the renminbi to weaken beyond Rmb7 to the dollar. Lifting that label on Monday, Steven Mnuchin, US Treasury secretary, said China had “made enforceable — commitments to refrain from competitive devaluation” and pointed to the imminent broader agreement on trade.
- FX Empire
Asian Indexes Mixed; Aussie Shares Hit Record High Led by Mining Stocks
Australian shares hit record highs on Tuesday, powered by gains in financial and mining sectors, as optimism over a planned signing of a preliminary Sino-U.S. trade deal lifted investor spirits.
- FX Empire
Asian Shares Jump as Investors Await US-China Phase One Deal Signing
China’s blue-chip index closed at a near 2-year high on Monday, amid strength in technology shares, as investors turned optimistic ahead of the signing of the trade deal.
- FX Empire
European Shares Trading Mixed after Asian Markets Post Strong Gains
In economic news, Australia’s retail sales data for November beat expectations, jumping 0.9%, the largest increase since last February, according to a Reuters report. A Reuters poll had forecast a 0.4% gain.
- Financial Times
US stocks notch record highs after Trump allays Iran fears
Wall Street’s main equities gauges hit record highs on Thursday, with Middle East tensions easing and the prospect of a Sino-US “phase one” deal on track to be signed next week. A relief rally began on ...
- FX Empire
Asian Shares Rebound as Abating Middle East Tensions Drive Up Risk Demand
China’s consumer inflation steadied while factory-gate prices fell at a slower pace in December, giving Beijing room to stay the course on monetary easing as economic growth cools.
- FX Empire
Asian Indexes Finish Lower; Gold Mining, Defense Company Shares Rise
Conflict-related tensions lifted shares of Chinese goldminers and defense companies, with the CSI national defense industry index rising to a near four-month high as discussions of a war intensified.
- FX Empire
Asian Shares Rise as Middle East Tensions Subside
Questions are being raised over how China will meet a target of spending billions of dollars more on agricultural goods after the world’s second largest economy said it will not increase its annual low-tariff import quotas for corn, wheat and rice.
- Associated Press
Gold, oil prices retreat, shares rebound in Asian trading
- FX Empire
Japan’s Nikkei Hits 1-Month Low; Oil Producers, Gold Miners Boost Aussie Index
In economic news, China’s services sector expanded at a slower pace in December following a strong rebound in the previous month, with business confidence falling to the second lowest on record despite a pick-up in new orders, a private survey showed on Monday.
- Associated Press
US-Iran tensions roil world markets as gold hits 7-year high
- FX Empire
Asian Markets: China, Hong Kong Post Strong Weekly Gains Amid Dovish PBOC Moves
Hong Kong hit a five-month high and China followed up a strong 2019 with solid gains the first few sessions of the new year, after China’s central bank made a couple of dovish moves. Shares fell in Australia as the Australian Dollar’s strength worried the RBA
- FX Empire
Asia Pacific Shares Mixed on Middle East Turmoil; Australian Shares Rise on Aussie Dollar Plunge
Aussie shares may have also been boosted by a drop in the Australian Dollar. This came as a relief to the Reserve Bank of Australia (RBA) who feared the strengthening currency would have a negative impact on exports and thus economic growth.
- Associated Press
Stocks close out best year since 2013; S&P 500 soars 28.9%
Wall Street closed the books Tuesday on a blockbuster 2019 for stock investors, with the broader market delivering its best returns in six years. The S&P 500 finished with a gain of 28.9% for the year, or a total return of 31.5%, including dividends. The Nasdaq composite rose 35.3%.
- Associated Press
Asian shares track Wall Street retreat as year winds down
“There could be a few big institutions out there that are taking some profits,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “While (manufacturing) only represents about 12% of the economy, it tends to be much more of a leading indicator versus the services sector,” he said.
- FX Empire
Chinese Shares Jump Amid Robust Retail Sales Forecast, New Benchmark for Floating-Rate Loans
China’s central bank will use the loan prime rate (LPR) as a new benchmark for pricing existing floating –rate loans, in a step that analysts say could help lower borrowing costs and underpin economic growth.
- FX Empire
Asian Markets: Hang Seng Touches 5-Month High in Otherwise Lackluster Trading Week
Hong Kong stocks closed at a five-month peak as investors cheered a rebound in China’s industrial profits for November. The benchmark Hang Seng index ended up at its highest closing level since July 26.
