Would you like to receive notifications on latest updates of the following headlines?

Hong Kong Stocks Open Marginally Higher

POSTED ON January 8, 2024 •   Business      BY Segun Adewole

As the new week commenced, Hong Kong stocks saw a modest uptick in the Monday morning session, following minor gains on Wall Street. Despite a positive response to stronger-than-expected US jobs data, which tempered expectations of an imminent interest rate cut, the Hang Seng Index edged up by 0.28 percent, or 46.53 points, reaching 16,581.86.

In contrast, the Shanghai Composite Index experienced a slight dip of 0.20 percent, shedding 5.73 points to settle at 2,923.46. Simultaneously, the Shenzhen Composite Index on China's second exchange displayed a marginal decline of 0.19 percent, or 3.33 points, ending the morning session at 1,770.09.

The cautious optimism in Hong Kong mirrors the nuanced response in global financial markets to the latest economic indicators. Wall Street's measured gains, even in the face of robust US employment figures, suggest a complex market sentiment grappling with the implications of a potentially delayed interest rate adjustment.

Investors are closely monitoring economic data for insights into central banks' policy decisions, particularly as signs of economic recovery challenge assumptions of swift rate adjustments. The delicate balance between positive economic signals and the potential impact on monetary policy continues to shape market dynamics.

The nuanced market movements in Hong Kong and mainland China reflect the ongoing dialogue between economic data, central bank strategies, and investor sentiments on a global scale. As financial markets navigate this intricate landscape, stakeholders remain attuned to the evolving narrative of economic recovery and the implications for future market trends.

READ ALSO
Dangote slashes petrol prices again, offering relief to Nigerians
BY Abiodun Saheed Omodara February 27, 2025 0

Dangote Petroleum Refinery & Petrochemicals has reduced the price of Premium Motor Spirit (PMS),...

READ ALSO
Tinubu's call for investment sparks concerns in Belgium over future oil trade
BY Abiodun Saheed Omodara February 26, 2025 0

Belgium has expressed concerns regarding the possible loss of a significant share of its petroleum p...

READ ALSO
Anambra assembly voices concerns over Onitsha drug market closure impacting local economy
BY Abiodun Saheed Omodara February 26, 2025 0

ANAMBRA, Nigeria (NAN) - The Anambra House of Assembly has adopted a resolution urging the National...

READ ALSO
Consumer protection agency challenges MultiChoice over unilateral price increases
BY Abiodun Saheed Omodara February 26, 2025 0

The Federal Competition and Consumer Protection Commission (FCCPC) has called on MultiChoice Nigeria...

READ ALSO
Ogun secures $2.5bn livestock investment from Brazilian giant JBS
BY Abiodun Saheed Omodara February 24, 2025 0

Ogun State is poised to benefit from a $2.5 billion investment in livestock production from JBS, a c...

READ ALSO
FG, WIPO join forces over Nigerian SMEs growth
BY Abiodun Saheed Omodara February 22, 2025 0

The Federal Government has teamed up with the World Intellectual Property Organisation (WIPO) to boo...

READ ALSO
Illicit foreign mining activities endanger African nations- USIP Director
BY Abiodun Saheed Omodara February 21, 2025 0

The United States Institute for Peace (USIP) has stated that foreign mineral extraction in Africa po...

READ ALSO
NMGS advocates for AI, 3D technologies in transforming Nigeria's oil reservoir management
BY Abiodun Saheed Omodara February 21, 2025 0

ABUJA, Nigeria (NAN) - The Nigerian Mining and Geosciences Society (NMGS) has urged the incorporatio...

OUR CHANNELS:

Lagos Leadership Turmoil: Obasa declares Miranda resignation as Lagos assembly speaker
BY Abiodun Saheed Omodara February 28, 2025 0

The former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has asserted that the curr...


EFCC charges Jude Okoye with N1.38bn money laundering scheme
BY Abiodun Saheed Omodara February 27, 2025 0

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has brought Jude...


LASG arrests four impostors for extorting drivers
BY Abiodun Saheed Omodara February 27, 2025 0

LAGOS, Nigeria- The Lagos State government has detained four individuals for purportedly extorting d...


From Olympic Glory to Prison: Antony James sentenced for raping two minors
BY Abiodun Saheed Omodara February 27, 2025 0

A former British Olympic swimmer, Antony James,  has been sentenced to 21 years in prison...


Keir Starmer dismisses Kemi Badenoch's claims as a 'Desperate Bid for Relevance
BY Abiodun Saheed Omodara February 27, 2025 0

UK Prime Minister Keir Starmer, on Wednesday, delivered a sharp rebuke to Tory leader Kemi Badenoch,...


Dangote slashes petrol prices again, offering relief to Nigerians
BY Abiodun Saheed Omodara February 27, 2025 0

Dangote Petroleum Refinery & Petrochemicals has reduced the price of Premium Motor Spirit (PMS),...


NAFDAC calls for collaboration to combat counterfeit medical products in North-West Nigeria
BY Abiodun Saheed Omodara February 27, 2025 0

The National Agency for Food and Drug Administration and Control (NAFDAC) on Wednesday engaged stake...


Kano schools to commence second term holiday ahead Ramadan
BY Abiodun Saheed Omodara February 27, 2025 0

KANO, Nigeria - The Kano State Government has announced that Friday marks the start of the second-te...


After 17 Years of displacement, Bakassi community challenges legislative council's authority
BY Abiodun Saheed Omodara February 27, 2025 0

The indigenous people displaced from Bakassi have turned down an invitation from the Bakassi Legisla...


Fire engulfs Ladipo auto spare parts market, Traders face billions in losses
BY Abiodun Saheed Omodara February 27, 2025 0

LAGOS,Nigeria (NAN) - Traders at the Ladipo Auto Spare Parts Market in Mushin, Lagos, experienced a...


More Articles

Load more...

Menu