The US Federal Reserve meeting was conducted over 19 and 20 September. We would have known by Thursday morning that the US stock market continued to rise to new highs on 19 September. What this implies is tha...
It was yet another North Korea-triggered sell-off on the US bourses on 3 September when they announced the successful test of a hydrogen bomb, which is even more powerful than last year’s nuclear test bomb.
The Hang Seng Index broke above 28,000 points once more, but it almost closed flat at the end of Tuesday (12 Sep).Cheung Kong Property Holdings Ltd (1113.HK), Henderson Land Development Co Ltd (012.HK), Sun...
The US stock market was closed on 4 September 2017, and US stocks plunged when the stock market reopened on 5 September 2017.
Previously, the Hang Seng Index had gone through a correction upon rising above the 28,000-points mark.
On 8 August 2017, the Dow Jones Industrial Average hit a new record high of 22,179 points before reversing to close lower. On days that followed, the US bellwether index went into correction before finding support around 21,600 points on 21 August 2017.
The Hang Seng Index broke above 28,000 points at a point (on 28 August), but it fell back down after making strong gains and closed at only 15 points higher.
Hurricane Hato (which raised Hong Kong’s most severe Typhoon 10 warning) has finally come to an end, but my mood remains dampened. Human lives are too fragile; 12 lives were lost just like that.
The Dow Jones Industrial Average (DJIA) recently recorded a seven-day winning streak to bring the US bellwether index to new record territory. Even an onslaught of negative news about US President Donald Trump could not dampen the Dow’s positive momentum.
US President Donald Trump had criticised China for not taking action against North Korea despite saying that the latter opposes North Korea’s nuclear tests and missile launches.