^HSI - HANG SENG INDEX
| Previous close | 26,645.43 |
| Open | 26,837.94 |
| Volume | 0 |
| Day's range | 26,837.94 - 27,048.98 |
| 52-week range | 24,896.87 - 30,280.12 |
| Avg. volume | 1,508,675,006 |
- FX Empire
Asian Shares Boosted by Fed Signals; Trump to Meet with Top Advisors over Tariffs
U.S. President Donald Trump is expected to meet with top trade advisors on Thursday to discuss planned December 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, according to Reuters, as markets braced for potential negative impacts.
- FX Empire
Asian Shares Mostly Higher as Investors Await Fed Policy Decisions; Tariffs Worries Continue
Perhaps capping stock market gains are comments from White House Economic advisor Larry Kudlow, who on Tuesday downplayed reports of a tariff delay, noting the Trump Administration could still move forward with new levies targeting Chinese goods.
- Financial Times
US stocks slip as investors debate tariff deadline
US stocks closed slightly lower, marking a cautious response to media reports Washington and Beijing had signalled a Sunday deadline for the imposition of new round of tariffs on Chinese imports could be extended. Trade negotiators from the US and China have indicated in recent days that December 15 is not necessarily the final date for duties to increase on $165bn of imports if a so-called “phase one” deal is not reached beforehand, the Wall Street Journal reported about an hour out from Wall Street’s opening bell on Tuesday.
- FX Empire
Asian Shares Lower as Surge in Chinese Consumer Inflation Rattles Investors
China’s consumer inflation climbed to nearly eight-year peaks in November as pork prices doubled, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist.
- FX Empire
Asian Shares Rise on Robust U.S. Jobs Data, China Worries Cap Gains
China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. trade war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand. Top White House economic adviser Larry Kudlow said on Friday that a December 15 deadline is still in place to impose a new round of U.S. tariffs on some $156 billion of China’s remaining exports to the United States.
- FX Empire
Asia Pacific Weekly Stock Indexes: Australia Dips on Trade War Fears, Japan Boosted by New Stimulus Measures
Stocks in major Asian markets saw gains on the first trading day of December as Chinese factory activity presented a positive surprise in November.
- FX Empire
Asian Shares Firm Ahead of US NFP Report; Japan Household Spending Disappoints
The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement over the size of China’s agricultural purchases. Meanwhile, China has given little indication on how negotiations with the U.S. are progressing.
- Financial Times
Alibaba’s debut in Hong Kong signals change in Beijing’s mindset
in local elections, dislodging their pro-Beijing rivals and delivering a decisive thumbs down to the city’s chief executive Carrie Lam and China’s President Xi Jinping. The elections followed almost six months of anti-government protests in the Asian finance hub that have left the city’s Hang Seng index up just 0.8 per cent this year, versus a nearly 28 per cent rise for China’s CSI 300.
- Financial Times
Wall Street banks bet on rebound in battered Hong Kong stocks
A number of leading Wall Street banks are advising clients to make heavy bets on Hong Kong stocks, urging them to look again at a market that has been hammered by months of political tumult. On Wednesday, the IMF predicted Hong Kong’s economy would contract 1.2 per cent this year and grow just 1 per cent in 2020 in comparison with a 3 per cent expansion in 2018. Companies listed in the index derive much of their revenue from mainland China, meaning they would benefit from a “phase one” trade deal between the Washington and Beijing.
- FX Empire
Asian Shares Mostly Lower on Negative Trade Developments; Aussie Market Plunges More than 2%
The Australian share market suffered its worst day since mid-August on renewed fears over global trade uncertainty. The sell-off wiped on $50.8 billion in value from the market and was the largest single-day drop since a 187.8 point loss on August 15.
- Financial Times
Trump says he is prepared to wait to strike US-China trade deal
Donald Trump declared on Tuesday that he was prepared to wait until after the US election next year to reach a trade deal with China, fuelling global economic tensions and unnerving investors a day after the US stepped up a dispute with EU allies. Mr Trump said there was no deadline for the US-China talks, raising doubts about the prospects for resolving the dispute with Beijing.
- FX Empire
Asian Shares Rally as China’s Manufacturing Activity Expansion Offsets Worries Over Trade Deal
A private survey on Monday showed China’s manufacturing activity expanded more than expected in November. Chinese state media said Sunday that Beijing wants a rollback of tariffs in the phase one trade deal that the two economic powerhouses are aiming to reach.
- Financial Times
Asian stocks decline as investors wait for next move in trade war
Asian stocks fell on Friday as investors braced for retaliation by China after US president Donald Trump signed into law a bill backing Hong Kong’s anti-government demonstrators. In afternoon trading, Hong Kong’s benchmark Hang Seng index sank 2.1 per cent — its biggest fall in two weeks — and China’s CSI 300 of Shanghai- and Shenzhen-listed shares shed 1.3 per cent.
- FX Empire
Asian Shares Post Mild Reaction to Trump’s Signing of Bills Backing Hong Kong Protesters
Thursday’s selling pressure was mild when compared to previous breaks in the stock market in reaction to potentially negative news about a breakdown in talks between the United States and China. The news creates uncertainty, which usually encourages investors to lighten up on risky positions. However, it’s probably not a deal breaker.
- Associated Press
Asian shares slide on weak Japan data; US markets closed
Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions. U.S. markets were closed for the Thanksgiving holiday and will have a half-day session on Friday. Japan’s Nikkei 225 index lost 0.1% to 23,409.14, while the Hang Seng in Hong Kong gave up 0.2% to 26,893.73.
- FX Empire
Asia Shares Higher, but Nervous Investors Want Solid Evidence of Trade Talk Progress
Last week, negative headlines dominated the news, leading to some light profit-taking in the stock market. This week, there haven’t been any negative comments, and the rally to record highs in the U.S. has resumed. However, there are some whispers over the lack of concrete evidence that progress is being made in the trade talks.
- FX Empire
Asia Shares Mostly Higher; Alibaba Soars on Hong Kong Debut
Alibaba Group’s Hong Kong shares closed their first trading session up 6.6% from the issue price after this year’s largest stock sale. Australia’s Westpac Banking said on Tuesday its CEO will step down and its chairman will bring forward his retirement as a money-laundering scandal rocks the country’s second-largest retail bank.
- FX Empire
USD/JPY Fundamental Daily Forecast – Underpinned as Hong Kong Election Results Drive Demand for Risky Assets
Pro-democracy candidates in Hong Kong romped to a symbolic majority in district council elections over the weekend, after residents turned out to vote en masse following six months of anti-government protests.
- FX Empire
Asian Shares Jump as Hong Kong Pro-Democracy Candidates Score Major Victory
Hong Kong’s democrats scored a landslide majority in district council elections, which saw a record turnout after six months of anti-government protests, increasing pressure on the Chinese-ruled city’s leader on Monday to listen to calls for democracy, according to CNBC.
- FX Empire
Asian Markets Ignore Trade Deal “Noise” to Finish Higher
Last week, a deal was “close”. This week it’s on the “doorstep” of being reached. It seems everything in between was just a bunch of “noise”.
- Associated Press
Global shares drop on renewed US-China trade worries
World shares dropped Thursday as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year. China’s Commerce Ministry batted away rumors that the talks were in trouble with a spokesman saying Beijing was committed to continuing discussions on core concerns. Several reports suggest the U.S. and China are struggling to reach a preliminary “Phase 1” trade pact and might not be completed this year.
