(RTTNews) – The Hong Kong inventory market on Monday ended the two-day slide through which it had fallen greater than 140 factors or 0.7 p.c. The Hold Seng Index now rests simply above the 19,880-point plateau and it is known as larger once more on Tuesday.
The worldwide forecast for the Asian markets is upbeat, with know-how shares anticipated to cleared the path larger. The European markets had been flat and the U.S. bourses had been up and the Asian markets determine to comply with the latter lead.
The Hold Seng completed modestly larger on Monday following features from the financials, properties, know-how shares and oil firms.
For the day, the index jumped 162.43 factors or 0.82 p.c to complete at 19,883.13 after buying and selling between 19,746.46 and 19,937.39.
Among the many actives, Alibaba Group climbed 1.12 p.c, whereas Alibaba Well being Information rallied 1.47 p.c, ANTA Sports activities sank 0.50 p.c, China Life Insurance coverage collected 0.96 p.c, China Mengniu Dairy strengthened 1.25 p.c, China Sources Land added 0.90 p.c, CITIC accelerated 1.49 p.c, CNOOC soared 2.23 p.c. CSPC Pharmaceutical dipped 0.21 p.c, Galaxy Leisure eased 0.15 p.c, Haier Good Residence superior 0.93 p.c, Hold Lung Properties and Xiaomi Company each rose 0.32 p.c, Henderson Land shed 0.43 p.c, Hong Kong & China Gasoline improved 0.82 p.c, Industrial and Business Financial institution of China surged 4.96 p.c, JD.com jumped 1.60 p.c, Lenovo perked 0.21 p.c, Li Auto gained 0.59 p.c, Li Ning slumped 1.08 p.c, Meituan tumbled 1.89 p.c, New World Growth elevated 0.77 p.c, Nongfu Spring gathered 0.29 p.c, Techtronic Industries dropped 0.68 p.c and WuXi Biologics spiked 2.12 p.c.
The lead from Wall Avenue optimistic as the most important averages opened flat on Monday however all ultimately tracked larger and ended within the inexperienced.
The Dow added 66.69 factors or 0.16 p.c to complete at 42,906.95, whereas the NASDAQ spiked 192.29 factors or 0.98 p.c to shut at 19,764.88 and the S&P 600 gained 43.22 factors or 0.73 p.c to finish at 5,974.07.
The advance by the tech-heavy NASDAQ got here amid a rally by semiconductor shares, whereas vital power was additionally seen amongst pc {hardware} shares.
Total buying and selling exercise was subdued, nonetheless, as merchants appeared reluctant to make extra vital strikes amid what’s prone to be a quiet week because of the Christmas Day vacation on Wednesday.
In financial information, the Commerce Division stated new orders for U.S. manufactured sturdy items slumped greater than anticipated in November. Additionally, the Convention Board famous an surprising deterioration by client confidence in December.
Oil futures settled decrease Monday amid issues about doable extra provide out there, whereas a stronger greenback additionally weighed on oil costs. West Texas Intermediate Crude oil futures for February dipped $0.26 or 0.3 p.c at $69.20 a barrel.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
