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In stock markets abroad, indexes weakened were mixed across Europe and Asia. South Korea’s Kospi climbed 1.2%, but Hong Kong’s Hang Seng fell 0.9%. ___ AP Writers Matt Ott and Zimo Zhong ...
Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The Dow Jones Industrial Average dipped 165 points, or 0.4 ...
In Asia, Hong Kong’s Hang Seng jumped 2.8%, and South Korea’s Kospi rose 1.1%. ... Stock market today: S&P 500 pops to another record while Dow, Nasdaq rise with tariffs, Fed minutes in focus ...
A number of stock market crashes have occurred in the Hong Kong stock market since the 1960s: . 1960s. Stock disaster in 1965 (Canton Trust Bank run)Stock disaster in 1967 (Hong Kong 1967 Leftist riots)
Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
By November 2022, the Hang Seng was down 36% year-to-date, one of the worst performances among major stock market indices. The decline was exacerbated when Xi Jinping won a third-time and investors feared that he would prioritize state-owned firms over private companies. [22]
On Friday, Hong Kong's Hang Seng Tech Index closed 5.6% higher. The index is up 24% this year. The rally is thanks to the recent rise of DeepSeek, a Chinese startup that released a new cost ...
The same day, official figures showed real estate output in China was down 1.6% in the third quarter year on year, the first time it has been negative since the start of the pandemic. [ 43 ] On 20 October 2021, the National Bureau of Statistics of China published data indicating that home prices had fallen month-on-month for the first time ...