China Enterprises index HSCE gains 0.1% HSI financial sub-index rises 0.3%; tech index up 0.4%
HONG KONG, May 4 (Reuters) - Hong Kong stocks rose on Tuesday, with energy shares leading gains, buoyed by rising oil prices as easing coronavirus curbs in the U.S and Europe raised demand growth hopes. By the midday break, the Hang Seng index was up 71.09 points or 0.25% at 28,428.63, and was set to snap two straight sessions of decline. The Hang Seng China Enterprises index gained 0.1% to 10,723.4. The sub-index tracking energy shares rose 2.1%, while IT stocks slid 0.15%, financials climbed 0.3% and the property sector edged up 0.02%. Tech index was up 0.4%.
Hong Kong stocks end over 1% lower as financials, Mengniu weigh Reuters 2 hrs ago
Popular Searches HSI financial sub-index is down 2%; property sector slips 0.6%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, due to profit-booking after a recent rally in subdued trading as the Chinese markets were closed for holidays, while rising COVID-19 cases in the region raised concerns of more measures and deeper economic pain. The Hang Seng index closed down 367.34 points, or 1.28%, at 28,357.54, its lowest closing since March 29. The Hang Seng China Enterprises index fell 1.04% to 10,713. After identifying a cluster of COVID-19 cases over the weekend, Singapore tightened social distancing controls.
China Enterprises index HSCE drops 1.28% HSI financial sub-index sinks 2.1%; property sector down 1%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed. By lunch break, the Hang Seng index was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index fell 1.28% to 10,686.87. The sub-index of the Hang Seng tracking energy shares slid 0.4%, while the IT sector dipped 0.94%, the financial sector fell 2.11% and the property sector was down 1.04%. China’s stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.
Hong Kong stocks end over 1% lower as financials, Mengniu weigh reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Eurozone suffers double-dip recession as pandemic impact continues (SPY -0.6%). Biggest premarket movers: Twitter, Skyworks Solutions, Western Digital.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Canadas Oil Patch Is Preparing For A Production Hike At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, CanadasOil Patch appears to be merely paying lip service to the notion of keeping production subdued. Like everybody else, Canadas oil and gas producers have been preaching capital discipline and assuring investors they have no intention of boosting spending, preferring to return capital to investors mainly in the form of dividends and buyb