Latest news with #ShenzhenComponentIndex
RTHK
15 hours ago
- Business
- RTHK
Hong Kong stocks eke out small gains on opening
Hong Kong stocks eke out small gains on opening Hong Kong stocks opened higher on Friday. File photo: RTHK The Hang Seng Index rose 53 points or 0.23 percent to open at 23,291 points on Friday. Mainland stocks opened lower, with the benchmark Shanghai Composite Index down 0.10 percent to open at 3,358 points. The Shenzhen Component Index opened 0.13 percent lower at 10,039 points Meanwhile, China has kept benchmark lending rates unchanged as expected on Friday. The one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at three percent. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Centre. (Xinhua)
RTHK
3 days ago
- Business
- RTHK
HSI falls half a percentage point at the opening
HSI falls half a percentage point at the opening Local and mainland stocks opened down amid concern over escalating hostilities in the Middle East. File photo: RTHK The Hang Seng Index lost 120 points, or 0.5 percent, to open at 23,859 points on Wednesday. Mainland stocks also opened lower, with the benchmark Shanghai Composite Index down 0.04 percent to open at 3,386 points. The Shenzhen Component Index opened 0.09 percent lower at 10,142 points. Concerns over escalating hostilities in the Middle East stayed front and centre in markets, sending oil prices higher. Brent crude futures were up 0.33 percent to US$76.70 per barrel while US crude rose 0.45 percent to US$75.18 a barrel. The spike in oil prices is a negative for the yen and euro at the margin as both Japan and the European Union are major importers of energy, while the United States is an exporter. (Agencies)
RTHK
4 days ago
- Business
- RTHK
Local stocks eke out marginal gains
Local stocks eke out marginal gains Hong Kong stocks track gains made on Wall Street overnight, rising 46 points on Tuesday morning. File photo: RTHK The Hang Seng Index rose 46 points, or 0.19 percent, to open at 24,107 points on Tuesday. Mainland stocks opened mixed, with the benchmark Shanghai Composite Index down 0.02 percent to open at 3,388 points. The Shenzhen Component Index opened 0.14 percent higher at 10,177 points. Interest rate decisions by a host of central banks will be the prime focus for investors this week with the Bank of Japan's verdict expected later on Tuesday. At the end of its two-day policy meeting, the BOJ is widely expected to maintain short-term interest rates at 0.5 percent, but markets will be keen on the institution's outlook on quantitative tightening. In early trading, Japan's Nikkei edged up 0.5 percent, while the yen was slightly weaker at 144.96 per US dollar. (Agencies)
RTHK
4 days ago
- Business
- RTHK
HK stocks end up on tech and property plays
HK stocks end up on tech and property plays The Hang Seng Index was up 168.43 points, or 0.7 percent, to close at 24,060.99. File photo: RTHK Mainland China and Hong Kong stocks ended slightly higher on Monday, led by property and tech shares, as investors weighed mixed macroeconomic data and remained cautious amid geopolitical tensions that dampened risk appetite. In Hong Kong, the benchmark Hang Seng Index was up 168.43 points, or 0.7 percent, to close at 24,060.99. The Hang Seng China Enterprises Index climbed 0.86 percent to end at 8,729.99 while the Hang Seng Tech Index rose 1.15 percent to close at 5,299.91. Across the border, the benchmark Shanghai Composite Index was up 0.35 percent at 3,388.73 while the Shenzhen Component Index closed 0.41 percent higher at 10,163.55. China's factory output growth hit a six-month low in May, while retail sales picked up steam, offering relief for the world's second-largest economy amid a truce in its trade war with the United States. The Golden Week holiday and discounts on e-commerce platforms starting in mid-May, ahead of the so-called "618" shopping event, should have helped to boost consumption during the month, said UBS analysts in a note. "But it remains to be seen whether the momentum can sustain, especially as the effects of the consumer trade-in program begin to fade and tariff outlook remains uncertain." Real estate shares traded onshore and offshore were up 2.4 percent and 2 percent, respectively, after the National Bureau of Statistics said efforts to halt the sector's decline were gaining traction. Onshore artificial intelligence shares rose 0.9 percent, while tech majors listed in Hong Kong were up 1.2 percent. New bank lending in China rose less than expected in May after hitting a nine-month low in April, as companies and consumers remained cautious about taking on more debt despite interest rate cuts and a trade truce between Beijing and Washington. (Reuters/Xinhua)
RTHK
5 days ago
- Business
- RTHK
Local stocks open down amid Israel-Iran conflict
Local stocks open down amid Israel-Iran conflict Local and mainland stocks open down marginally with investors on edge over the escalating threat of a sweeping conflict in the Middle East. File photo: RTHK The Hang Seng Index lost over 100 points, or 0.42 percent, to open at 23,791 on Monday. Mainland stocks also opened lower, with the benchmark Shanghai Composite Index down 0.23 percent to open at 3,369. The Shenzhen Component Index opened 0.25 percent lower at 10,096. Investors were on edge as financial markets reopened, with crude oil prices initially up near 4 percent as markets were gripped by the escalating threat of a sweeping conflict in the Middle East. Meanwhile, data released on Monday showed China's industrial output rose 5.8 percent year on year in May, slowing from the 6.1 percent pace in April. Retail sales growth unexpectedly picked up, rising 6.4 percent in May, compared to 5.1 percent growth in April. It was the quickest growth since December 2023. Elsewhere in the region, Japan's Nikkei firmed 0.8 percent and South Korean stocks added 0.5 percent in morning trading. (Xinhua)
