HSI ends with a gain despite Covid case spike in HK

Hong Kong stocks finished on Monday on a positive note as hopes for a virus vaccine overshadowed concerns about a fresh wave of infections in the financial hub. The Hang Seng Index added 0.2 percent, to 25,772. On the mainland, the Shanghai Composite Index climbed 1.8 percent, to 3,443 while the Shenzhen Composite Index jumped 3.5 percent, to 2,329. Tokyo led the gains, adding more than 2 percent,...

Hong Kong Stock edge up at opening, Shanghai down

Hong Kong Stock Market opened with gains on Monday on fresh hopes for a coronavirus vaccine, while traders were also looking ahead to the start of the corporate earnings season. The Hang Seng Index rose 0.5 percent, to 25,848. On the mainland, the Shanghai Composite Index dipped 0.1 percent, to 3,379 while the Shenzhen Composite Index added 0.4 percent, to 2,258. In Tokyo, the Nikkei 225 index was...

Emirates set to axe 9,000 jobs amid pandemic

The president of Emirates said the Middle Eastern airline is set to cut as many as 9,000 jobs because of the coronavirus pandemic. The world's biggest long-hail carrier, which operates a fleet of 270 wide-bodied aircraft, halted operations in late March as part of global shutdowns to stem the spread of the virus. It resumed two weeks later on a limited network and plans to fly to 58...

Amazon retracts email telling staff to dump TikTok

Amazon on Friday said it mistakenly sent workers an email telling them to dump the TikTok mobile application from their cell phones because of security concerns. The internal message told workers they could still access the popular video-snippet sharing platform using laptop web browsers, but would lose access to company email on smartphones that have TikTok. "This morning's email to some of our employees was sent in error,"...

US prepares to hit back over French tech tax

The US on Friday unveiled heavy import duties on France in retaliation for the country's tax on American tech giants, but will hold off on collecting the fees to allow time for the dispute to be resolved. The office of US Trade Representative (USTR) Robert Lighthizer found France's digital services tax was discriminatory and "unfairly targets US digital technology companies," and will impose 25 percent punitive duties...

Nasdaq ends at record, Dow rallies on vaccine hopes

Wall Street stocks jumped on Friday, with the Nasdaq racing to yet another record as progress on a coronavirus vaccine offset worries about spiking US case levels. The Nasdaq finished at 10,617, up 0.7 percent, notching its sixth record close in seven sessions. The Dow Jones rose 1.4 percent to end the week at 26,075, while the S&P 500 advanced 1.1 percent to close at 3,185. Investors cheered...

HSI falls sharply over fear of renewed outbreaks

Hong Kong stocks closed sharply lower on Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.8 percent, to 25,727. On the mainland, the Shanghai Composite Index which has been surging over the past week, lost two percent with Bloomberg News reporting that...

HK stocks open sharply lower on renewed virus fears

Hong Kong Stock Market started lower on Friday with a loss on fresh fears over the spread of coronavirus, which sparked a big sell-off on the Dow on Wall Street. The Hang Seng Index slipped 1 percent to 25,931. The Shanghai Composite Index shed 0.9 percent to 3,418, while the Shenzhen Composite Index fell 0.5 percent to 2,247. (AFP)Want to know more on HK stocks open sharply lower...

US stocks end mainly lower on business shutdowns

The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high. The US saw more than 60,000 new Covid-19 infections on Wednesday, setting a single-day global record while Florida and Texas reported a record one-day increase in deaths....

Hong Kong Stock rise again, Shanghai gains 1.4%

Hong Kong stocks finished with more gains on Thursday, in line with advances across Asia following another record-breaking lead from Wall Street. The Hang Seng Index rose 0.3 percent, to 26,210. On the mainland, benchmark Shanghai Composite Index climbed 1.4 percent, to 3,450 while the Shenzhen Composite Index jumped 2.7 percent, to 2257. Tokyo ended 0.4 percent higher, while Sydney added 0.6 percent following Wednesday's sharp drop as...

Hong Kong Stock start with a healthy gain

Hong Kong stocks started on Thursday morning with healthy gains following another record-breaking performance on Wall Street. The Hang Seng Index rose 0.9 percent, to 26,351. On the mainland, the Shanghai Composite Index was flat at 3403, while the Shenzhen Composite Index was unmoved, at 2,198. In Tokyo, the Nikkei 225 index edged up 0.3 percent in early trade. "Japanese Stock Market are steady as the three major...

US stocks rally pushing Nasdaq to record high

US stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology Stock Market as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country. Apple Inc and Microsoft Corp provided the biggest boosts to the Dow and S&P 500, with the S&P 500 technology index up 1.6% and leading sector gains. The...
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