American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asian stocks end mixed: Hang Seng jumps 0.7%, Nifty slips 81 points

by admin May 6, 2025
May 6, 2025
Asian stocks end mixed: Hang Seng jumps 0.7%, Nifty slips 81 points

Asian stocks ended mixed on Tuesday in thin trading, with several major markets closed for holidays and participants awaiting clarity on trade negotiations and domestic stimulus measures.

Markets in Japan and South Korea were shut for public holidays, leading to reduced regional trading volumes.

Hong Kong, China stocks advance on trade hopes

Hong Kong equities closed higher, supported by renewed optimism around US-China trade relations.

The Hang Seng Index rose 0.7 percent, or 158.03 points, to 22,662.71, while the Hang Seng China Enterprises Index added 0.37 percent to end at 8,261.61.

The move came after US Treasury Secretary Scott Bessent told CBS News that there could be “substantial progress” in trade talks with China in the coming weeks.

US President Donald Trump also said he would reduce tariffs on China “at some point” if a fair deal is achieved.

China’s Shanghai Composite Index gained 1.13 percent to close at 3,316.11 as traders returned after the Labour Day break.

The gains came despite a private survey showing services activity slowed in April to a seven-month low, which added to concerns over the domestic economy.

The weaker data, however, reinforced speculation that Beijing may consider additional policy support to sustain growth.

Other regional markets

In Australia, the S&P/ASX 200 ended marginally lower at 8,151.40, down for a second straight session.

Indian equity benchmarks ended Monday’s session in the red, dragged down by losses in Adani group stocks and select financials.

The Nifty 50 fell below the 24,400 mark, while the Sensex also eased, snapping recent gains.

The Sensex closed 155.77 points, or 0.19 percent, lower at 80,641.07, and the Nifty ended down 81.55 points, or 0.33 percent, at 24,379.60.

Adani Enterprises, Eicher Motors, Jio Financial Services, Trent, and SBI Life were among the top laggards on the Nifty.

On the flip side, Hero MotoCorp, Tata Steel, Bharti Airtel, Mahindra & Mahindra, and Hindustan Unilever provided some support to the index.

Wall Street on Monday

Overnight, US markets saw a pullback after recent gains.

The Nasdaq fell 133.49 points, or 0.7 percent, to 17,844.24, the S&P 500 dropped 36.29 points, or 0.6 percent, to 5,650.38, and the Dow lost 98.60 points, or 0.2 percent, to 41,218.83.

While the major averages recovered from early losses, renewed trade-related concerns weighed on sentiment.

Trump said he would impose a 100 percent tariff on foreign-produced movies and confirmed he had no plans to speak with Chinese President Xi Jinping this week, dampening hopes for near-term diplomatic engagement.

The market had rallied sharply in previous sessions, with the S&P 500 closing higher for nine consecutive sessions last week — its longest winning streak in over 20 years.

The post Asian stocks end mixed: Hang Seng jumps 0.7%, Nifty slips 81 points appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Wind turbine giant Vestas unable to absorb tariff costs, predicts price hikes in the US
next post
Pi Coin adds 1.3M users in 30 days but price stays under $0.60

Related Posts

Asian markets surge on Tuesday: Nikkei up 1.46%,...

March 18, 2025

Lemonade stock price is rising: technicals point to...

November 20, 2024

Trump Media director accused of ‘hacking’ files in...

April 14, 2024

Taylor Swift dominates album sales as UK music...

January 8, 2025

Levi’s guidance does not factor in tariffs, but...

April 8, 2025

Biden administration sues to block Kroger-Albertsons supermarket merger

February 27, 2024

7 lesser-known stocks poised to perform after hurricanes

October 11, 2024

Congress approved a TikTok ban. Why it could...

April 27, 2024

$3.0 trillion in AI capex: could that benefit...

January 20, 2025

Top 2 underperforming semiconductor stocks Jim Cramer recommends...

January 26, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (2,982)
    • Investing (2,444)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved