A British colony from the 1840s until 1997, Hong Kong grew into an international financial center just off the coast of mainland China.
Anthony Kwan | Bloomberg | Getty Images
Hong Kong stocks rebounded on Thursday, and mainland Chinese stocks also rose after languishing near five-year lows.
The CSI300 index rebounded, rising 1.41% to close at 3,274.73, while Hong Kong’s Hang Seng Index rose 0.89%.
The announcement came a day after data showed China’s economy expanded by 5.2% in the fourth quarter of 2023, lower than the 5.3% growth expected in a Reuters poll.
In Singapore, Transport Minister S. Iswaran has resigned and been indicted on 27 charges, including corruption, following a months-long investigation by the country’s anti-corruption authorities.
The Australian market widened its decline for the fifth day in a row. S&P/ASX 200 It fell 0.63% to close at 7,346.5.
Japanese Nikkei Stock Average fell slightly to 35,466.17, and TOPIX fell 0.17% to end at 2,492.09.
Korean Kospi The small-cap Kosdaq closed 0.87% higher at 840.33.
In the US, all three major indexes fell overnight. Dow Jones Industrial Average It was the third consecutive day in the red.
The Dow 30 fell 0.25%. S&P500 It fell by 0.56%. Nasdaq Composite We lost 0.59%.
December retail sales data were better than expected, showing resilience in consumer demand and raising questions about the Federal Reserve’s aggressive interest rate cuts.
Retail sales excluding automobiles increased 0.6% from November and 0.4% from the previous month. Economists polled by Dow Jones expected retail sales to rise 0.4% month-on-month, with non-automobile sales rising 0.2%.
—CNBC’s Hakyung Kim and Samantha Subin contributed to this report