Wednesday, 8 July 2020 15:23 WIB
Hong Kong stocks closed higher Wednesday after a sharp sell-off the day before and putting them back on their recent upward trajectory despite a surge in virus infections around the world.
The Hang Seng Index rose 0.59 percent, or 153.52 points, to 26,129.18.
The benchmark Shanghai Composite Index rallied 1.74 percent, or 58.10 points, to 3,403.44 while the Shenzhen Composite Index on China's...
Monday, 6 July 2020 21:14 WIB
A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns.
The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points to 57.1 last month. Readings above 50 indicate growth, and the June figure exceeded the 50.2 median...
Wednesday, 8 July 2020 14:36 WIB
Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections.
The American Petroleum Institute reported inventories rose by 2.05 million barrels last week, with Cushing supplies expanding for the first time since early May, according to people...