[ad_1] Hong Kong’s stock market is turning into one of the biggest winners of Donald Trump’s chaotic first 50 days in office. The city’s Hang Seng benchmark has surged 21% since Trump assumed the presidency, making it the world’s top performer. The S&P 500 Index has slumped about 7% to trail almost all global gauges. […]
GIFT-IFSC to be India’s gateway to the world, says NSE MD & CEO Ashishkumar Chauhan – CNBC TV18
[ad_1] GIFT City’s International Financial Services Centre (IFSC) could play a transformative role for India, akin to Hong Kong’s impact on China’s economic rise, according to Ashishkumar Chauhan, MD & CEO of the National Stock Exchange (NSE). Speaking at a panel discussion in Gandhinagar, Chauhan underscored the potential of GIFT IFSC as a global financial […]
A 13 percent rally this week has helped Hang Seng post its best weekly gain in 26 years – CNBC TV18
[ad_1] Hong Kong’s Hang Seng Index surged 13% this week, marking its best weekly gain in 26 years. The index reclaimed the 20,000 level, aided by Beijing’s stimulus measures, including the People’s Bank of China (PBC) cutting the amount of cash that banks must hold as reserves, or the reserve requirement ratio (RRR), by 0.50 […]
Wall Street falls sharply to close its worst week in nearly 18 months – CNBC TV18
[ad_1] Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other […]
Hong Kong starts trading weekly options on Hang Seng Tech index – CNBC TV18
[ad_1] There’s a new way to bet on some of the most watched Hong Kong stocks. The city’s bourse is launching on Monday weekly options on the Hang Seng Tech Index, which tracks stocks including Alibaba Group Holding Ltd. and JD.com Inc. that also trade in the US. With many of its e-commerce giants losing […]