Hong Kong, a British colony from the 1840s to 1997, has grown into an international financial center off the coast of mainland China.
Anthony Cowan | Bloomberg | Getty Images
Hong Kong stocks rebounded on Thursday, while mainland Chinese shares also rose after remaining near five-year lows.
The CSI 300 rebounded to a 1.41% gain and closed at 3,274.73, while Hong Kong’s Hang Seng Index rose 0.89%.
This comes a day after data showed China’s economy growing by 5.2% in the last quarter of 2023, which is lower than the Reuters poll’s estimate of growth of 5.3%.
In Singapore, Transport Minister S Iswaran resigned and faces 27 charges, including corruption, after months of investigations by the country’s anti-corruption agency.
Australian markets continued their losses for the fifth day in a row, with Standard & Poor’s/ASX 200 Declining by 0.63% to close at 7,346.5.
Japan Nikki 225 The Topix fell marginally to 35,466.17, while the Topix fell 0.17%, closing at 2,492.09.
South Korea Cosby It rose late to gain 0.17% and rebounded to 2,440.04, while the small-cap Kosdaq index closed 0.87% higher at 840.33.
Overnight in the United States, all three major indices fell, with… Dow Jones Industrial Average Recording the third consecutive day of losses.
The 30-stock Dow Jones index fell by 0.25%, while the 30-stock Dow Jones index fell by 0.25%. Standard & Poor’s 500 Decreased by 0.56% Nasdaq Composite lost 0.59%
December retail sales data came in stronger than expected, indicating resilience in consumer demand and putting deep interest rate cuts by the Federal Reserve into doubt.
Retail sales rose 0.6% from November, and increased 0.4% month over month, excluding automobiles. Economists polled by Dow Jones estimated a 0.4% month-over-month increase in retail sales and a 0.2% increase excluding autos.
CNBC’s Hakyung Kim and Samantha Subin contributed to this report