Hong Kong Financial News

markets braced for a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar.

Sensex surged 712.44 points, or 0.92%, to close at 78,053.52, while the Nifty 50 settled 183.45 points, or 0.78%, higher at 23,721.30.“After the last few range bound sessions, investors placed bullish bets on banking and select frontline IT stocks which helped benchmark indices scale fresh highs even as the majority of the sectors ended in red. Most of the private banking stocks had missed the upsurge seen in recent weeks and hence there was a flurry of activity in the financial space ahead of the monthly expiry on Thursday," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Also Read: Weekly picks: Motilal Oswal suggests these three stocks to buy today predicting up to 9% upsideHere are key domestic and global market cues for Sensex today:Asian markets traded mostly lower on Wednesday tracking mixed cues overnight from US stocksJapan’s Nikkei 225 rose 0.26%, while the Topix fell 0.17%.

DALIAN, China — For China's yuan to be used more globally, the currency needs more «applications» such as for stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

Manulife Financial Corp. says it has boosted a key profitability target as it hosts its first investor day in Asia since 2017.

Hong Kong government entities have attended a tech conference in Toronto, where they showcased the city’s offshore ready-to-move technology hub for Canadian crypto and Web3 startups.

Bitcoin spot ETFs have been experiencing significant net outflows, with the trend continuing for seven consecutive days.

Asian stocks rise after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied

The Legislative Council (LegCo) of Hong Kong is calling for web3 and virtual asset policy ideas to foster industry growth.

Asian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run

A cybersecurity intelligence company says a suspected Chinese state-sponsored hacking group has intensified attacks on Taiwanese organizations, particularly those in sectors such as the government, education and technology

A top South Korean economic think tank has poured cold water on the idea of Seoul approving a Bitcoin (BTC) or Ethereum (ETH) spot exchange-traded fund (ETF).

Sensex declined 269.03 points, or 0.35%, to close at 77,209.90, while the Nifty 50 settled 65.90 points, or 0.28%, lower at 23,501.10.“The market is expected to trade sideways next week due to the absence of strong buying or selling triggers. While the underlying sentiment remains bullish, dips might attract opportunistic buying, which could support the market.

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

Standard Chartered Bank is planning to offer a spot trading desk for Bitcoin and Ethereum to enable direct spot trading of cryptocurrencies, according to an insider. This latest development aligns with the multinational bank’s huge interest in the crypto market.

A new Pepe-themed meme coin on its own Ethereum Layer 2 blockchain just launched this week called Pepe Unchained ($PEPU) , taking in over $150,000 in investments within minutes.

Sensex gained 141.34 points, or 0.18%, to close at 77,478.93, while the Nifty 50 settled 51.00 points, or 0.22%, higher at 23,567.00.“The market is consolidating with a positive bias amid strong FII flows and healthy macros. Also, an expectation of a growth-focused budget is aiding sentiments and is likely to lead to sector-specific action.

European markets have opened higher after a mixed day of trading in Asia

Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for more U.S. policy clues, while sterling was steady before a Bank of England meeting where rates are expected to remain unchanged. Apart from the BoE, investors will also watch out for central bank decisions from Switzerland and Norway on Thursday to set the tone for global rates outlook.

Australia's main stock market for the first time on Thursday as fund managers debut products to satisfy investors returning to cryptocurrency markets following a boom in prices. The VanEck Bitcoin ETF launched with around A$990,000 ($660,429) in assets on the Australian Securities Exchange and is the culmination of over three years of negotiations with operator ASX.

California. Researchers from the Chapman University’s Centre for Demographics and Policy have been tracking home prices in 94 English speaking metropolitan cities of the world. Report:

Global stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession