(RTTNews) – The Hong Kong inventory market on Thursday snapped the four-day successful streak through which it had jumped virtually 1,130 factors or 4.6 p.c. The Grasp Seng Index now rests simply beneath the 24,220-point plateau and it is more likely to open below water once more on Friday.
The worldwide forecast for the Asian markets is weak on lingering considerations over tariffs and the well being of the world economic system. The European and U.S. markets each have been barely decrease and the Asian bourses determine to observe that lead.
The Grasp Seng completed sharply decrease on Thursday with injury throughout the board, particularly among the many financials, properties and expertise shares.
For the day, the index plummeted 551.19 factors or 2.23 p.c to complete at 24,219.95 after buying and selling between 24,186.69 and 24,753.15.
Among the many actives, Alibaba Group stumbled 3.97 p.c, whereas Alibaba Well being Data plummeted 6.44 p.c, ANTA Sports activities tanked 4.85 p.c, China Life Insurance coverage plunged 5.89 p.c, China Mengniu Dairy surrendered 4.51 p.c, China Sources Land decline 2.99 p.c, CITIC dropped 2.50 p.c, CNOOC added 0.65 p.c, CSPC Pharmaceutical rallied 2.57 p.c, ENN Power jumped 1.54 p.c, Galaxy Leisure shed 2.23 p.c, Haier Good Dwelling sank 2.39 p.c, Grasp Lung Properties slid 1.73 p.c, Henderson Land dipped 0.86 p.c, Hong Kong & China Fuel rallied 1.52 p.c, Industrial and Business Financial institution of China slipped 1.06 p.c, JD.com plunged 4.94 p.c, Lenovo fell 2.18 p.c, Li Auto misplaced 2.21 p.c, Li Ning tanked 4.76 p.c, Meituan surrendered 4.43 p.c, New World Improvement retreated 3.56 p.c, Nongfu Spring eased 0.66 p.c, Techtronic Industries tumbled 3.61 p.c, Xiaomi Company skidded 2.92 p.c and WuXi Biologics slumped 2.98 p.c.
The lead from Wall Road is mushy as the most important averages have been unable to carry early good points on Thursday, slipping slightly below water by the shut.
The Dow shed 11.31 factors or 0.03 p.c to complete at 41,953.32m whereas the NASDAQ misplaced 59.16 factors or 0.33 p.c to shut at 17,691.16 and the S&P 500 fell 12.40 factors or 0.22 p.c to finish at 5,662.89.
The modestly decrease shut on Wall Road got here amid lingering considerations concerning the financial outlook following the Federal Reserve’s financial coverage announcement on Wednesday.
The Fed introduced its broadly anticipated determination to depart rates of interest unchanged, however forecasts recommend officers nonetheless count on to renew reducing charges later this yr.
Nonetheless, the Fed officers additionally lowered their projections for GDP progress in 2025 to 1.7 p.c from 2.1 p.c and raised their forecasts for shopper worth progress this yr to 2.7 p.c from 2.5 p.c.
Oil costs climbed greater on Thursday after the U.S. slapped contemporary sanctions on Iran. West Texas Intermediate Crude oil futures for April closed greater by $1.10 or about 1.6 p.c at $68.26 a barrel on the expiration day.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
