Latest news with #ShanghaiComposite
Business Standard
11 hours ago
- Business
- Business Standard
Asian stocks end mixed, China benchmark end marginally lower
Asian stocks ended mixed on Friday after the White House said a final decision on whether to support Israeli military action against Tehran could come within two weeks. As the conflict entered the eighth day, Israel and Iran continued to fire missiles and drones at each other with full force. Residents in southern Israel have been rocked by more Iranian missile strikes while Israel has continued to hit dozens of targets in Iran. The dollar was on the back foot in Asian trade while gold prices were set for a weekly loss of about 2 percent. Brent crude futures fell 2 percent but still headed for a strong weekly gain after a 12 percent surge the previous week. China's Shanghai Composite finished marginally lower at 3,359.90 after a choppy session as the People's Bank of China left its benchmark lending rates steady, as expected, following recent easing measures. Hong Kong's Hang Seng index jumped 1.26 percent to 23,530.48.
Business Standard
a day ago
- Business
- Business Standard
China's benchmark drop 0.79%
Asian stocks ended mostly lower on Thursday after a hawkish commentary from the U.S. Federal Reserve and amid an ongoing geopolitical unrest in Middle East. The Federal Reserve Open Markets Committee's economic projections showed unemployment and inflation rising higher than officials previously thought due to tariff-related uncertainties. Elsewhere, the Trump administration offered few clues about whether the U.S. will join Israel's offensive aimed at destroying Tehran's nuclear program. The dollar was firm in Asian trade, sending gold prices down below $3,360 per ounce. Oil prices rose about 1 percent on fears that a wider regional conflict could disrupt Middle East oil exports. China's Shanghai Composite index fell 0.79 percent to 3,362.11 as the latest stimulus announcements made at Shanghai's Lujiazui Forum fell short of expectations.
Business Standard
2 days ago
- Business
- Business Standard
China benchmark ends marginally higher
Asian stocks ended mixed on Wednesday as Middle East unrest deepened, and focus shifted to the Federal Reserve's interest-rate decision later in the day. Risk sentiment worsened after reports claimed that the U.S. may consider joining Israel in striking Iranian nuclear sites. Adding to the speculation, U.S. President Donald Trump demanded "unconditional surrender" from Tehran, warning that U.S. patience was "wearing thin" and that America held "complete and total control over Iranian skies". The Federal Reserve is widely expected to leave rates unchanged later today, but investors will scrutinize updated economic projections for clues to future moves. The dollar wavered against major currencies in Asian trade while oil prices eased after rallying 4 percent in the previous session. Gold was marginally lower in limited sideways range trading. China's Shanghai Composite index finished marginally higher at 3,388.81 as speeches by top financial regulators at the opening of the annual Lujiazui Forum delivered few fresh policy signals.
Business Standard
3 days ago
- Business
- Business Standard
China's benchmark ends marginally lower after fluctuations
Asian stocks ended on a muted note Tuesday as the Israel-Iran war continued to dominate risk markets. A cautious undertone prevailed after U.S. President Donald Trump left the G7 summit in Canada a day early amid escalating war in the Middle East. As Israel and Iran attacked each for a fifth straight day, Trump urged residents of Iran's capital, Tehran, to evacuate in a social media post, warning once again that Iran must not be allowed to develop nuclear weapons. The Japanese yen recovered some ground after the Bank of Japan left interest rates unchanged and announced that it would decelerate the reduction of its government bond purchases beginning in April 2026. Gold held steady while oil prices rose about 1 percent on fears that further escalation in Middle East tensions could trigger a broader regional conflict. China's Shanghai Composite index fluctuated before finishing marginally lower at 3,387.40. Hong Kong's Hang Seng index fell 0.34 percent to 23,980.30, dragged down by tech and EV stocks.
Mint
3 days ago
- Business
- Mint
China, HK stocks end lower on Middle East tensions; annual financial forum in focus
SHANGHAI, - Mainland China and Hong Kong stocks ended lower on Tuesday, as sentiment was weighed down by fresh signs of Middle East tensions after U.S. President Donald Trump urged Iranians to evacuate Tehran. Israel and Iran attacked each other for a fifth straight day. Trump left the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday, prompting broad risk-off sentiment in global financial markets. ** "One thing that is clear is that the situation continues to be highly uncertain and risks of escalation should not be ignored," analysts at Maybank said in a note. ** "Safe havens should continue to be better bid and the U.S. dollar should be better supported." ** At the close, the Shanghai Composite index was down 0.04% at 3,387.40, while the blue-chip CSI300 index was down 0.09% at 3,870.38. ** The smaller Shenzhen index ended down 0.12% and the start-up board ChiNext Composite index was weaker by 0.36%. ** Oil and gas shares were an outperformer, as the geopolitical tensions drove crude prices higher. A sub-index tracking the sector gained 0.92%. ** In Hong Kong, the benchmark Hang Seng index was down 0.34% at 23,980.30, while the Hang Seng China Enterprises index fell 0.4% to 8,694.67. ** Apart from the Middle East tensions, focus was also on the annual Lujiazui Forum this week, traders and analysts said. ** "The Lujiazui forum is likely to be the key window for financial and yuan internationalization-related policies, while the July Politburo economic meeting is likely to provide further guidance on the monetary and fiscal stance for H2 this year," said Ju Wang, head of Greater China FX and rates strategy at BNP Paribas. ** The Lujiazui Forum is scheduled for June 18-19. This article was generated from an automated news agency feed without modifications to text.
