The Hong Kong stock exchange rebounded on Thursday, halting a two-day downturn that saw a decline exceeding 250 points, or 1.2 percent. The Hang Seng Index currently rests just below the 20,400 threshold, though it could potentially decline again on Friday.
The outlook for Asian markets suggests a downward trend, with oil and technology stocks likely leading the descent. European markets exhibited mixed and stable trends, while U.S. markets experienced a drop, indicating that Asian markets may find themselves in a middle ground.
On Thursday, the Hang Seng Index surged notably as financial, property, and technology sectors mostly showed gains.
On that day, the index climbed by 242.00 points, or 1.20 percent, concluding at 20,397.05, with fluctuations between 20,121.47 and 20,546.44. Notable movements among active stocks included Alibaba Group's rise of 2.09 percent, Alibaba Health Info's increase of 1.62 percent, and ANTA Sports' rally of 2.49 percent. China Life Insurance gained 1.30 percent, while China Mengniu Dairy saw a remarkable rise of 7.21 percent. In contrast, CSPC Pharmaceutical dipped 0.20 percent, JD.com slipped 0.81 percent, and Techtronic Industries fell by 2.29 percent.
Wall Street provided a rather bearish lead, with major indices starting mixed on Thursday but quickly declining, ending the day near session lows.
The Dow decreased by 234.44 points or 0.64 percent, closing at 43,914.12. The NASDAQ fell by 132.05 points or 0.66 percent, settling at 19,769.84, and the S&P 500 went down by 32.94 points or 0.54 percent, finishing at 6,051.25.
This downturn was partly due to traders choosing to lock in profits following a strong Wednesday, when the NASDAQ, heavy in tech stocks, surpassed the 20,000 mark for the first time.
The negative sentiment was fueled further by a Labor Department report indicating a higher-than-expected increase in U.S. producer prices in November, raising some concerns about the pace at which the Federal Reserve might cut interest rates in the coming year.
Additionally, oil futures declined on Thursday, ending a streak of three days of gains, following a forecast by the International Energy Agency predicting an oil market oversupply next year. West Texas Intermediate Crude futures for January decreased by $0.27, or 0.4 percent, to $70.02 per barrel.
The material has been provided by InstaForex Company - www.instaforex.com
The outlook for Asian markets suggests a downward trend, with oil and technology stocks likely leading the descent. European markets exhibited mixed and stable trends, while U.S. markets experienced a drop, indicating that Asian markets may find themselves in a middle ground.
On Thursday, the Hang Seng Index surged notably as financial, property, and technology sectors mostly showed gains.
On that day, the index climbed by 242.00 points, or 1.20 percent, concluding at 20,397.05, with fluctuations between 20,121.47 and 20,546.44. Notable movements among active stocks included Alibaba Group's rise of 2.09 percent, Alibaba Health Info's increase of 1.62 percent, and ANTA Sports' rally of 2.49 percent. China Life Insurance gained 1.30 percent, while China Mengniu Dairy saw a remarkable rise of 7.21 percent. In contrast, CSPC Pharmaceutical dipped 0.20 percent, JD.com slipped 0.81 percent, and Techtronic Industries fell by 2.29 percent.
Wall Street provided a rather bearish lead, with major indices starting mixed on Thursday but quickly declining, ending the day near session lows.
The Dow decreased by 234.44 points or 0.64 percent, closing at 43,914.12. The NASDAQ fell by 132.05 points or 0.66 percent, settling at 19,769.84, and the S&P 500 went down by 32.94 points or 0.54 percent, finishing at 6,051.25.
This downturn was partly due to traders choosing to lock in profits following a strong Wednesday, when the NASDAQ, heavy in tech stocks, surpassed the 20,000 mark for the first time.
The negative sentiment was fueled further by a Labor Department report indicating a higher-than-expected increase in U.S. producer prices in November, raising some concerns about the pace at which the Federal Reserve might cut interest rates in the coming year.
Additionally, oil futures declined on Thursday, ending a streak of three days of gains, following a forecast by the International Energy Agency predicting an oil market oversupply next year. West Texas Intermediate Crude futures for January decreased by $0.27, or 0.4 percent, to $70.02 per barrel.
The material has been provided by InstaForex Company - www.instaforex.com