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Hong Kong Stocks Surge as Mainland China Markets Close for Labor Day – Latest Finance News

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Hong Kong is off to a good start. Mainland China squares closed for Labor Day

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The Tokyo Stock Exchange starts the session with a negative sign, after a mixed closing of US stock indices, weighed down by the new appreciation of the yen. At the opening, the Nikkei showed a decline of 0.60% to 38,043.64, a decline of 230 points. The probability of a second intervention by the monetary authorities, operators said, pushes the yen to a value of 155.80 at the exchange rate against the dollar, and to a value just below 167 against the euro.

Mainland China stock markets are closed for the rest of the week for Labor Day and the rally in Hong Kong stocks doesn’t seem to be slowing down. The risk-sensitive Hang Seng Tech index jumped more than 4% on Thursday. The broader benchmark index rose more than 2%, putting it on track to enter a technical bull market as casino developers and operators advance.

South Korean financial authorities have notified Credit Suisse that it could face a fine of ¥50 billion ($36.32 million) over allegations that it violated short-selling rules, South Korean newspaper Chosun reported, citing sources. business.

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2024-05-02 06:22:30
#Stock #market #Tokyo #negative #Credit #Suisse #fined #million #South #Korea

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