S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Hang Seng Index edged down 0.4%, or 96 points, to 25,372 on Wednesday, as investors remained cautious following a selloff in US technology shares, elevated bond yields, rising oil prices and renewed Middle East tensions. In Hong Kong, Baidu plunged 14.4% to HK$86.50, its lowest level in a year, after reporting a 4% year-on-year decline in second-quarter revenue to RMB31.33 billion, below analysts’ expectations. Meanwhile, China Unicom fell around 10% after reporting a 34.6% drop in first-half net profit to RMB9.5 billion, despite a 0.6% increase in operating revenue. Tencent (-0.7%), SMIC (-1.4%), Lenovo (-1.2%) and Kingboard Laminates (-3.4%) also declined, while Xiaomi gained 4.4%. On the policy front, China’s financial regulator approved allowing mainland insurance funds to invest in Hong Kong-listed ETFs through Stock Connect, potentially providing additional institutional capital for Hong Kong equities. Investors are also awaiting HKEX’s interim results announcement today.
