The Hold Seng Index fell 6.28% to 19,426 within the week ended November 15. Falling bets on a Fed price reduce in December added to the losses as traders assessed the most recent financial knowledge from China and Trump’s tariff threats. Actual property and expertise shares contributed to the weekly losses.
The Hold Seng Mainland Properties Index fell 10.85%, whereas the Hold Seng Tech Index (HSTECH) fell 7.29%.
Expertise giants Alibaba (9988) and Baidu (9988) fell 7.53% and seven.23% respectively, whereas Tencent (0700) fell 5.21%. Higher-than-expected income restricted Tencent’s losses.
On the continent, fears of US tariffs and financial uncertainty left indexes in destructive territory. The CSI 300 fell 3.29%, whereas the Shanghai Composite fell 3.52%.
Commodity markets: iron ore and gold
The commodity markets suffered heavy losses. The iron ore market fell 3.26% this week on considerations about Chinese language demand as US tariffs loom. In the meantime, gold costs fell 4.51% on declining expectations for a Fed price reduce in December.
ASX 200 struggles beneath strain from mining and gold shares
The ASX 200 fell 0.12% within the week ending November 15, after rising 2.17% the week earlier than. Gold and mining shares left the Index in destructive territory.
Mining giants BHP Group Ltd. (BHP) and Rio Tinto Ltd. (RIO) fell by 7.67% and seven.75% respectively on account of falling iron ore spot costs. Gold shares Northern Star Assets Ltd. (NST) ended the week with a lack of 5.60%.
Expertise and banking shares, nonetheless, restricted losses. The S&P/ASX All Expertise Index rose 3.89%, with Business Financial institution of Australia main banking shares increased on a gentle mortgage portfolio.
Nikkei index falls amid danger aversion
Within the week ending November 15, the Nikkei index fell 2.17%, partially reversing its 3.80% achieve from the earlier week. A stronger USD/JPY, which rose 1.12% to 154.281, failed to spice up sentiment as traders thought of the Fed’s price path.
Tokyo Electron (8035) fell 4.09%, whereas SoftBank Group Corp. (9984) the week fell by 4.78%.
Outlook
Key occasions, together with rate of interest selections from the PBoC and RBA, US knowledge and stimulus talks from Beijing, are more likely to affect market danger sentiment. Observe our newest updates to remain knowledgeable and handle your dangers successfully.