Hong Kong Stocks Rise On Trade Talk Reports

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-06-06 HKT 09:51

Share this story


  • Traders were cautious ahead of the US summit with North Korea. File photo: RTHK

    Traders were cautious ahead of the US summit with North Korea. File photo: RTHK

Hong Kong shares ended the morning session with further gains on Wednesday, with reports of positive China-US trade talks providing support.

The Hang Seng Index rose 0.5 percent, to 31,234.

But on the mainland, the Shanghai Composite Index was down 0.1 percent, at 3,112, while the Shenzhen Composite Index slipped 0.2 percent, at 1,777.

Tokyo ended the morning 0.2 percent higher. Singapore were barely moved, while Wellington added 0.2 percent and Taipei put on 0.5 percent.

But while markets are generally positive, trading floors remain susceptible to bad news, warned Stephen Innes, head of Asia-Pacific trading at Oanda.

"Despite the absence of escalation in geopolitical risk, traders are all too knowing that we're little more than a spark away from re-igniting a free-for-all, whether its EU political risk, trade wars or the more probable escalation in Middle East tensions," he said.

On currency markets, the greenback is holding gains after last week's strong jobs report and expectations the Federal Reserve will lift interest rates next week.

And the euro was also enjoying attention again after last week's sell-off fuelled by political turmoil in Italy and Spain. The single currency was above US$1.17, having fallen to a 10-month low near US$1.15 last week. (AFP)


Last updated: 2018-06-06 HKT 13:13


US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more