logo
Hong Kong stocks marginally higher at opening

Hong Kong stocks marginally higher at opening

RTHK16 hours ago
Hong Kong stocks marginally higher at opening
The Hang Seng Index rose 13.36 points or 0.05 percent at the opening. File photo: RTHK
The Hang Seng Index rose 13.36 points or 0.05 percent to open at 24,746.81 on Tuesday.
Mainland stocks also opened slightly higher, with the benchmark Shanghai Composite Index up 0.15 percent at 3,588.81 and the Shenzhen Component Index 0.34 percent higher at 11,078.58.
Meanwhile, the mainland's services activity expanded at its fastest pace in 14 months in July, fuelled by stronger demand, including a rise in new export orders, a private-sector survey showed.
The S&P Global China General Services PMI rose to 52.6 in July from 50.6 the previous month, marking the fastest pace since May last year. The 50-mark separates expansion from contraction. (Xinhua/Reuters)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HK stocks head north on rates hopes
HK stocks head north on rates hopes

RTHK

time9 hours ago

  • RTHK

HK stocks head north on rates hopes

HK stocks head north on rates hopes The Hang Seng Index finishes Tuesday's trading 169 points higher. File photo: RTHK Stock markets rose on Tuesday as investors grew increasingly confident the US Federal Reserve will cut interest rates next month, despite concerns about the world's largest economy and US President Donald Trump's tariffs. In Hong Kong, the Hang Seng Index gained 169 points or 0.68 percent to close at 24,902. The Hang Seng China Enterprises Index rose 0.65 percent to 8,951, and the Hang Seng Tech Index climbed 0.73 percent to 5,521. Mainland stocks also gained ground, with the benchmark Shanghai Composite Index up 0.96 percent to 3,617 and the Shenzhen Component Index finishing 0.59 percent higher at 11,106. However, while there is a broad expectation that the Fed will cut rates, some analysts remained sceptical. "I continue to believe the Fed will not reduce rates at all this year given rising inflation caused by tariffs and a relatively stable unemployment rate," Lazard chief market strategist Ronald Temple wrote. Traders were also keeping an eye on trade talks between Washington and dozens of its trade partners after Trump imposed tariffs of between 10 and 41 percent on them. (Agencies)

HK stocks head north on rates hopes
HK stocks head north on rates hopes

RTHK

time9 hours ago

  • RTHK

HK stocks head north on rates hopes

HK stocks head north on rates hopes The Hang Seng Index finishes Tuesday's trading 169 points higher. File photo: RTHK Stock markets rose on Tuesday as investors grew increasingly confident the US Federal Reserve will cut interest rates next month, despite concerns about the world's largest economy and US President Donald Trump's tariffs. In Hong Kong, the Hang Seng Index gained 169 points or 0.68 percent to close at 24,902. The Hang Seng China Enterprises Index rose 0.65 percent to 8,951, and the Hang Seng Tech Index climbed 0.73 percent to 5,521. Mainland stocks also gained ground, with the benchmark Shanghai Composite Index up 0.96 percent to 3,617 and the Shenzhen Component Index finishing 0.59 percent higher at 11,106. However, while there is a broad expectation that the Fed will cut rates, some analysts remained sceptical. "I continue to believe the Fed will not reduce rates at all this year given rising inflation caused by tariffs and a relatively stable unemployment rate," Lazard chief market strategist Ronald Temple wrote. Traders were also keeping an eye on trade talks between Washington and dozens of its trade partners after Trump imposed tariffs of between 10 and 41 percent on them. (Agencies)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store