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 fell 360 points, or 1.5%, to 23,950 on Thursday, extending losses for a third consecutive session and the lowest since July 2025, as investors shunned risk after the Federal Reserve struck a more hawkish tone, signaling that further policy tightening may still be needed to contain inflation. The prospect of higher US interest rates lifted Treasury yields and the dollar while pressuring Wall Street overnight, dampening sentiment across Asian markets. Locally, the Hong Kong Monetary Authority left its base rate unchanged at 4.0%, mirroring the Fed’s decision to hold rates steady. Investors also remained cautious amid lingering uncertainty over the global economic outlook and the potential impact of prolonged higher interest rates on corporate earnings and capital flows. Financial, technology, retail, and energy shares led the retreat, with notable losses from Kingboard Laminates (-4.3%), Pop Mart (-3.4%), Xiaomi (-2.5%), SMIC (-1.9%), and Tencent (-1.2%).
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