- Arun Goswami
- 28 Jan, 2025
- Mumbai
The Sensex and Nifty indexes advanced in early trading after extending losses in three previous weeks amid mixed corporate results.
Coal India, Emami, Canara Bank, Union Bank, and Federal Bank were in focus after releasing their quarterly results.
The Sensex index increased by 0.4% to 75,667.28, and the Nifty index increased by 0.2% to 22,881.80.
On the Mumbai stock exchange, 14 stocks traded at their 52-week highs, and 270 stocks traded at their 52-week lows.
Coal India declined 1.7% to ₹369.35 after the mining company reported a 17% decline in earnings in the December quarter following lower coal prices.
Consolidated revenue in the December quarter decreased to ₹37,923 crore from ₹38,357.2 crore, net income declined to ₹8,491.2 crore from ₹10,291.7 crore, and diluted earnings per share fell to ₹13.80 from ₹16.64 a year ago.
Union Bank of India rose 3.4% to ₹109.25 after the financial services company reported a 38% jump in consolidated profit from a year ago.
Consolidated revenue in the December quarter advanced to ₹27,111.8 crore from ₹25,520.9 crore, net income jumped to ₹4,623 crore from ₹3,625.4 crore, and diluted earnings per share rose to ₹6.03 from ₹4.84 a year ago.
Canara Bank dropped 0.9% to ₹91.45 after the financial service company reported a 12% increase in profit, driven in part by a boost in non-interest income.
Consolidated revenue in the December quarter increased to ₹37,429.9 crore from ₹35,630.2 crore, after-tax profit rose to ₹4,161 crore from ₹3,738.3 crore, and diluted earnings per share dropped to ₹4.65 from ₹20.89 a year ago.
Earnings per share would be ₹23.25 and ₹68.75 without considering stock split for the quarter and nine months ending in December respectively and ₹23.10 for the quarter ending in September.
Federal Bank dropped 5.4% to ₹180.80 after the financial service company reported a marginal decline in the December quarter profit.
Emami Limited increased 1.3% to ₹541.80 after the personal care and healthcare company reported a 7% increase in the fiscal third quarter ending in December.
Consolidated revenue in the December quarter increased to ₹1,064.4 crore from ₹1,013 crore, after-tax profit rose to ₹279 crore from ₹260.7 crore, and diluted earnings per share jumped to ₹6.39 from ₹5.92 a year ago.
Indraprastha Gas Limited dropped 5% to ₹370.80 after the natural gas distribution company reported December quarter earnings that fell short of market expectations.
Tata Steel Ltd. increased 0.8% to ₹127.35 despite the company reporting a decline in revenue and earnings in the fiscal third quarter.
Consolidated revenue in the December quarter decreased to ₹53,869.3 crore from ₹55,539.8 crore, net income dropped to ₹295.5 crore from ₹522.1 crore, and diluted earnings per share fell to 26 paisa from 42 paisa a year ago.
Adani Total Gas Ltd. plunged 3.5% to ₹619.55 after the company reported a decline in profit in the December quarter.
Consolidated revenue in the December quarter advanced to ₹1,407.8 crore from ₹1,256.4 crore, after-tax profit fell to ₹142.4 crore from ₹176.6 crore, and diluted earnings per share dropped to ₹1.29 from ₹1.61 a year ago.
Consolidated revenue in the December quarter declined to ₹4,195 crore from ₹6,993.5 crore, net income fell to ₹944.7 crore from ₹1,063.2crore, and diluted earnings per share decreased to ₹3.81 from ₹4.22 a year ago.
Indian Oil Corporation Limited advanced 0.7% to ₹125.10 despite the company reporting a 78% declined from a year ago in the December quarter in net income.
Consolidated revenue in the December quarter decreased to ₹2,20,543.9 crore from ₹2,28,160.3 crore, after-tax profit dropped to ₹2,047.35 crore from ₹9,220.85 crore, and diluted earnings per share fell t ₹1.54 from ₹6.56 a year ago
Adani Wilmar Limited decreased 0.1% to ₹261.80 despite the company reporting a sharp increase in revenue and earnings in the December quarter.
Consolidated revenue in the December quarter increased to ₹16,926 crore from ₹12,887.21 crore, net income jumped to ₹410.9 crore from ₹200.9 crore, and diluted earnings per share rose to ₹3.16 from ₹1.55 a year ago.
- Arun Goswami
- 28 Jan, 2025
- Mumbai
The Sensex and Nifty indexes advanced in early trading after extending losses in three previous weeks amid mixed corporate results.
Coal India, Emami, Canara Bank, Union Bank, and Federal Bank were in focus after releasing their quarterly results.
The Sensex index increased by 0.4% to 75,667.28, and the Nifty index increased by 0.2% to 22,881.80.
On the Mumbai stock exchange, 14 stocks traded at their 52-week highs, and 270 stocks traded at their 52-week lows.
Coal India declined 1.7% to ₹369.35 after the mining company reported a 17% decline in earnings in the December quarter following lower coal prices.
Consolidated revenue in the December quarter decreased to ₹37,923 crore from ₹38,357.2 crore, net income declined to ₹8,491.2 crore from ₹10,291.7 crore, and diluted earnings per share fell to ₹13.80 from ₹16.64 a year ago.
Union Bank of India rose 3.4% to ₹109.25 after the financial services company reported a 38% jump in consolidated profit from a year ago.
Consolidated revenue in the December quarter advanced to ₹27,111.8 crore from ₹25,520.9 crore, net income jumped to ₹4,623 crore from ₹3,625.4 crore, and diluted earnings per share rose to ₹6.03 from ₹4.84 a year ago.
Canara Bank dropped 0.9% to ₹91.45 after the financial service company reported a 12% increase in profit, driven in part by a boost in non-interest income.
Consolidated revenue in the December quarter increased to ₹37,429.9 crore from ₹35,630.2 crore, after-tax profit rose to ₹4,161 crore from ₹3,738.3 crore, and diluted earnings per share dropped to ₹4.65 from ₹20.89 a year ago.
Earnings per share would be ₹23.25 and ₹68.75 without considering stock split for the quarter and nine months ending in December respectively and ₹23.10 for the quarter ending in September.
Federal Bank dropped 5.4% to ₹180.80 after the financial service company reported a marginal decline in the December quarter profit.
Emami Limited increased 1.3% to ₹541.80 after the personal care and healthcare company reported a 7% increase in the fiscal third quarter ending in December.
Consolidated revenue in the December quarter increased to ₹1,064.4 crore from ₹1,013 crore, after-tax profit rose to ₹279 crore from ₹260.7 crore, and diluted earnings per share jumped to ₹6.39 from ₹5.92 a year ago.
Indraprastha Gas Limited dropped 5% to ₹370.80 after the natural gas distribution company reported December quarter earnings that fell short of market expectations.
Tata Steel Ltd. increased 0.8% to ₹127.35 despite the company reporting a decline in revenue and earnings in the fiscal third quarter.
Consolidated revenue in the December quarter decreased to ₹53,869.3 crore from ₹55,539.8 crore, net income dropped to ₹295.5 crore from ₹522.1 crore, and diluted earnings per share fell to 26 paisa from 42 paisa a year ago.
Adani Total Gas Ltd. plunged 3.5% to ₹619.55 after the company reported a decline in profit in the December quarter.
Consolidated revenue in the December quarter advanced to ₹1,407.8 crore from ₹1,256.4 crore, after-tax profit fell to ₹142.4 crore from ₹176.6 crore, and diluted earnings per share dropped to ₹1.29 from ₹1.61 a year ago.
Consolidated revenue in the December quarter declined to ₹4,195 crore from ₹6,993.5 crore, net income fell to ₹944.7 crore from ₹1,063.2crore, and diluted earnings per share decreased to ₹3.81 from ₹4.22 a year ago.
Indian Oil Corporation Limited advanced 0.7% to ₹125.10 despite the company reporting a 78% declined from a year ago in the December quarter in net income.
Consolidated revenue in the December quarter decreased to ₹2,20,543.9 crore from ₹2,28,160.3 crore, after-tax profit dropped to ₹2,047.35 crore from ₹9,220.85 crore, and diluted earnings per share fell t ₹1.54 from ₹6.56 a year ago
Adani Wilmar Limited decreased 0.1% to ₹261.80 despite the company reporting a sharp increase in revenue and earnings in the December quarter.
Consolidated revenue in the December quarter increased to ₹16,926 crore from ₹12,887.21 crore, net income jumped to ₹410.9 crore from ₹200.9 crore, and diluted earnings per share rose to ₹3.16 from ₹1.55 a year ago.
- Alexander Garcia
- 27 Jan, 2025
- Miami
Wall Street indexes accelerated losses in Monday's trading after artificial intelligence-related stocks sharpened losses in the session.
The S&P 500 index and the Nasdaq Composite declined as much as 2% in trading after a China-based startup released an open-source artificial intelligence model substantially cheaper than available in the U.S.
China-based startup DeepSeek's artificial intelligence models passed all key metrics in competitive tests conducted by independent analysts.
In the week ahead, investors are looking to review a flood of earnings from leading global corporations, and about 400 companies are scheduled to release earnings this week.
This week, Microsoft, Meta, Apple, Tesla, IBM, Visa, Mastercard, Exxon Mobil, Blackstone, and Caterpillar are scheduled to release their earnings.
On Thursday, the U.S. Federal Reserve is set to hold the federal funds rate steady between 4.25% and 4.50% after three consecutive rate cuts in 2024.
Investors are also looking forward to the preliminary estimate of GDP growth rate in the fourth quarter.
Last week, Wall Street and global indexes extended gains for the second week in a row amid rate-cut expectations and mixed but positive corporate earnings.
Despite the elevated U.S. service sector inflation, investors continue to believe that additional rate cuts are likely in the near future, driving the benchmark indexes to new highs.
Rate cut expectations dominated investor sentiment in Europe, and in China investors are hoping that Beijing will soon announce its plan to implement fiscal stimulus.
U.S. Indexes and Treasury Yields
The S&P 500 index declined 1.8% to 5,991.30, the Nasdaq Composite edged down 3.2% to 19,304.69, and the Russell 2000 index was down 1.1% to 2,280.98.
The yield on 2-year Treasury notes edged lower to 4.19%, 10-year Treasury notes dropped to 4.55%, and 30-year Treasury bonds inched down to 4.75%.
WTI crude oil decreased $0.31 to $74.33 a barrel, and natural gas prices edged lower by $0.31 to $3.72 a thermal unit.
Gold declined by $17.46 to 2,752.71 an ounce, and silver edged down by $0.18 to $30.39.
The dollar index, which weighs the US currency against a basket of foreign currencies, eased by 0.30 to 107.14 and traded at a two-year high.
U.S. Stock Movers
Nvidia dropped 11% to $125.49, Broadcom fell 11% to $217.86, and AMD declined 4.2% to $117.80.
Microsoft fell 4.2% to $424.0, Alphabet declined 3.5% to $194.25, and Meta Platforms eased 4.5% to $624.73.
European Markets Dropped 1% Following Sharp Losses In Artificial Intelligence-Linked Stocks
Stock market indexes in Europe dropped sharply following losses in artificial intelligence-related stocks, and investors awaited decisions from major central banks this week.
Benchmark indexes in Paris, Frankfurt, Milan, and London dropped as much as 2% before recovering to losses between 0.5% and 1% after artificial intelligence-linked stocks plunged more than 5% amid rising competition from China.
On Thursday, the European Central Bank is widely anticipated to trim its key lending rates amid weak economic outlook and weakening inflationary pressures.
The European Central Bank is expected to lower its policy rates by 25 basis points, but Sweden’s Riksbank may pause after trimming rates three times in a row.
Investors are also awaiting the release of GDP growth data in the eurozone, Germany, France, and Italy.
Moreover, Germany’s retail sales and Switzerland’s foreign trade data are likely to garner headlines next week.
On Thursday, the U.S. Federal Reserve is likely to hold rates at the end of its two-day policy meeting, as policymakers struggle to balance strong economic growth with resurgent inflationary pressures.
In addition, investors are looking forward to the release of corporate results from about 80 companies in Europe, including updates from LVMH, SAP, ASML, Lonza Group, Roche, Shell, ABB, Alas Copco, and Logitech.
Europe Indexes and Yields
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
The euro was flat at $1.05; the British pound was flat at $1.24; and the U.S. dollar was higher at 90.59 Swiss cents.
Brent crude decreased $0.27 to $78.23 a barrel, and the Dutch TTF natural gas was flat at €49.91 per MWh.
Europe Stock Movers
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
Japan's Indexes Struggled After Weakness In Tech Stocks
Stock market indexes in Tokyo erased early gains after the weakness in tech stocks weighed on broader market sentiment.
The Nikkei 225 stock average decreased 0.9%, and the broader TOPIX increased 0.3%, as investors reviewed the latest rate decisions by the Bank of Japan.
The Japanese yen traded around 155.85 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda signaled possible additional rate cuts in the near future.
Policymakers also revised the inflation outlook higher for the current and next fiscal years, indicating that they are ready to raise rates if necessary.
Investors are looking ahead to a flood of economic updates later in the week, and the Tokyo-area consumer price inflation is also on tap.
Industrial output, jobless rate, retail sales, and housing starts data are set to be released at the end of the week, and investors are looking for clues about the health of the economy.
Japan's GDP in the current fiscal year ending in March is expected to grow less than 0.5% and rise about 1% in the fiscal year ending in March 2026.
Asian markets lacked direction amid ongoing policy chaos in the U.S. and the lack of political will to lower huge federal government debt, which is increasingly financed by foreign investors.
Japan Stock Movers
The Nikkei 225 Stock Average decreased 0.9% to 39,565.80, and the broader TOPIX increased 0.3% to 2,758.07.
Tokyo Electron decreased 4.9% to ¥25,805.0, Advantest Corp. dropped 8.6% to ¥9,185.0, and Disco Corp. declined 1.8% to ¥46,580.0.
Seven & I Holdings increased 0.3% to ¥2,435.0, Isetan Mitsukoshi rose 4.9% to ¥2,588.50, J. Front Retailing gained 3.3% to ¥2,079.50, and Fast Retailing advanced 0.6% to ¥50,000.0.
Mitsubishi UFJ Financial Group added 0.7% to ¥1,921.00, Sumitomo Mitsui Financial Group gained 1.9% to ¥3,808.00, and Mizuho Financial added 1.6% to ¥4,049.0.
China Business Activities Growth Slowed Ahead of Lunar New Year Holidays
Financial markets in China and Hong Kong advanced after the top financial regulator announced additional measures to shore up faltering stock market confidence.
The Hang Seng index increased 1%, and the mainland-focused CSI 300 index advanced a fraction.
The China Securities Regulatory Commission announced measures to facilitate investment in index-linked funds and also expanded its list of insurance companies required to invest a portion of premiums on new policies in onshore stock markets.
Twin moves by the regulatory agency are part of a plan to arrest the further decline in financial markets after five years of weakness and increase the attractiveness of Chinese stocks to foreign investors.
Market sentiment was cautious after the latest official survey showed a slowdown in growth in activities in the manufacturing and services sector in January.
The official Manufacturing Purchasing Managers' Index decreased to 49.1 from 50.1 in December, indicating a slowdown ahead of the Lunar New Year holidays.
China's official non-manufacturing Purchasing Managers' Index fell to 50.2 in January from a nine-month high of 52.2 in December.
Financial markets in China will remain closed from January 28 to February 4, and in Hong Kong, they will close from midday January 28 to January 31.
The National Bureau of Statistics on Monday released two surveys indicating the updates in business activities.
China Stock Movers
The Hang Seng index increased 1% to 20,257.34, and the CSI 300 index advanced 0.1% to 3,836.30.
Beijing Haibo Sichuang Technology soared more than 230% to 61.43 yuan in Shanghai after the electrochemical storage company completed its initial public offering.
The storage company sold 44.4 million shares and raised 783 million yuan.
Yalian Machinery surged 180% to 54.14 yuan in Shenzhen after the wood-based panel machinery company priced its share at 19.08 yuan in an initial public offering.
Yalian sold 21.8 million shares and raised 416 million yuan and listed its shares on the Shenzhen Stock Exchange.
- Alexander Garcia
- 27 Jan, 2025
- Miami
Wall Street indexes accelerated losses in Monday's trading after artificial intelligence-related stocks sharpened losses in the session.
The S&P 500 index and the Nasdaq Composite declined as much as 2% in trading after a China-based startup released an open-source artificial intelligence model substantially cheaper than available in the U.S.
China-based startup DeepSeek's artificial intelligence models passed all key metrics in competitive tests conducted by independent analysts.
In the week ahead, investors are looking to review a flood of earnings from leading global corporations, and about 400 companies are scheduled to release earnings this week.
This week, Microsoft, Meta, Apple, Tesla, IBM, Visa, Mastercard, Exxon Mobil, Blackstone, and Caterpillar are scheduled to release their earnings.
On Thursday, the U.S. Federal Reserve is set to hold the federal funds rate steady between 4.25% and 4.50% after three consecutive rate cuts in 2024.
Investors are also looking forward to the preliminary estimate of GDP growth rate in the fourth quarter.
Last week, Wall Street and global indexes extended gains for the second week in a row amid rate-cut expectations and mixed but positive corporate earnings.
Despite the elevated U.S. service sector inflation, investors continue to believe that additional rate cuts are likely in the near future, driving the benchmark indexes to new highs.
Rate cut expectations dominated investor sentiment in Europe, and in China investors are hoping that Beijing will soon announce its plan to implement fiscal stimulus.
U.S. Indexes and Treasury Yields
The S&P 500 index declined 1.8% to 5,991.30, the Nasdaq Composite edged down 3.2% to 19,304.69, and the Russell 2000 index was down 1.1% to 2,280.98.
The yield on 2-year Treasury notes edged lower to 4.19%, 10-year Treasury notes dropped to 4.55%, and 30-year Treasury bonds inched down to 4.75%.
WTI crude oil decreased $0.31 to $74.33 a barrel, and natural gas prices edged lower by $0.31 to $3.72 a thermal unit.
Gold declined by $17.46 to 2,752.71 an ounce, and silver edged down by $0.18 to $30.39.
The dollar index, which weighs the US currency against a basket of foreign currencies, eased by 0.30 to 107.14 and traded at a two-year high.
U.S. Stock Movers
Nvidia dropped 11% to $125.49, Broadcom fell 11% to $217.86, and AMD declined 4.2% to $117.80.
Microsoft fell 4.2% to $424.0, Alphabet declined 3.5% to $194.25, and Meta Platforms eased 4.5% to $624.73.
European Markets Dropped 1% Following Sharp Losses In Artificial Intelligence-Linked Stocks
Stock market indexes in Europe dropped sharply following losses in artificial intelligence-related stocks, and investors awaited decisions from major central banks this week.
Benchmark indexes in Paris, Frankfurt, Milan, and London dropped as much as 2% before recovering to losses between 0.5% and 1% after artificial intelligence-linked stocks plunged more than 5% amid rising competition from China.
On Thursday, the European Central Bank is widely anticipated to trim its key lending rates amid weak economic outlook and weakening inflationary pressures.
The European Central Bank is expected to lower its policy rates by 25 basis points, but Sweden’s Riksbank may pause after trimming rates three times in a row.
Investors are also awaiting the release of GDP growth data in the eurozone, Germany, France, and Italy.
Moreover, Germany’s retail sales and Switzerland’s foreign trade data are likely to garner headlines next week.
On Thursday, the U.S. Federal Reserve is likely to hold rates at the end of its two-day policy meeting, as policymakers struggle to balance strong economic growth with resurgent inflationary pressures.
In addition, investors are looking forward to the release of corporate results from about 80 companies in Europe, including updates from LVMH, SAP, ASML, Lonza Group, Roche, Shell, ABB, Alas Copco, and Logitech.
Europe Indexes and Yields
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
The euro was flat at $1.05; the British pound was flat at $1.24; and the U.S. dollar was higher at 90.59 Swiss cents.
Brent crude decreased $0.27 to $78.23 a barrel, and the Dutch TTF natural gas was flat at €49.91 per MWh.
Europe Stock Movers
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
Japan's Indexes Struggled After Weakness In Tech Stocks
Stock market indexes in Tokyo erased early gains after the weakness in tech stocks weighed on broader market sentiment.
The Nikkei 225 stock average decreased 0.9%, and the broader TOPIX increased 0.3%, as investors reviewed the latest rate decisions by the Bank of Japan.
The Japanese yen traded around 155.85 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda signaled possible additional rate cuts in the near future.
Policymakers also revised the inflation outlook higher for the current and next fiscal years, indicating that they are ready to raise rates if necessary.
Investors are looking ahead to a flood of economic updates later in the week, and the Tokyo-area consumer price inflation is also on tap.
Industrial output, jobless rate, retail sales, and housing starts data are set to be released at the end of the week, and investors are looking for clues about the health of the economy.
Japan's GDP in the current fiscal year ending in March is expected to grow less than 0.5% and rise about 1% in the fiscal year ending in March 2026.
Asian markets lacked direction amid ongoing policy chaos in the U.S. and the lack of political will to lower huge federal government debt, which is increasingly financed by foreign investors.
Japan Stock Movers
The Nikkei 225 Stock Average decreased 0.9% to 39,565.80, and the broader TOPIX increased 0.3% to 2,758.07.
Tokyo Electron decreased 4.9% to ¥25,805.0, Advantest Corp. dropped 8.6% to ¥9,185.0, and Disco Corp. declined 1.8% to ¥46,580.0.
Seven & I Holdings increased 0.3% to ¥2,435.0, Isetan Mitsukoshi rose 4.9% to ¥2,588.50, J. Front Retailing gained 3.3% to ¥2,079.50, and Fast Retailing advanced 0.6% to ¥50,000.0.
Mitsubishi UFJ Financial Group added 0.7% to ¥1,921.00, Sumitomo Mitsui Financial Group gained 1.9% to ¥3,808.00, and Mizuho Financial added 1.6% to ¥4,049.0.
China Business Activities Growth Slowed Ahead of Lunar New Year Holidays
Financial markets in China and Hong Kong advanced after the top financial regulator announced additional measures to shore up faltering stock market confidence.
The Hang Seng index increased 1%, and the mainland-focused CSI 300 index advanced a fraction.
The China Securities Regulatory Commission announced measures to facilitate investment in index-linked funds and also expanded its list of insurance companies required to invest a portion of premiums on new policies in onshore stock markets.
Twin moves by the regulatory agency are part of a plan to arrest the further decline in financial markets after five years of weakness and increase the attractiveness of Chinese stocks to foreign investors.
Market sentiment was cautious after the latest official survey showed a slowdown in growth in activities in the manufacturing and services sector in January.
The official Manufacturing Purchasing Managers' Index decreased to 49.1 from 50.1 in December, indicating a slowdown ahead of the Lunar New Year holidays.
China's official non-manufacturing Purchasing Managers' Index fell to 50.2 in January from a nine-month high of 52.2 in December.
Financial markets in China will remain closed from January 28 to February 4, and in Hong Kong, they will close from midday January 28 to January 31.
The National Bureau of Statistics on Monday released two surveys indicating the updates in business activities.
China Stock Movers
The Hang Seng index increased 1% to 20,257.34, and the CSI 300 index advanced 0.1% to 3,836.30.
Beijing Haibo Sichuang Technology soared more than 230% to 61.43 yuan in Shanghai after the electrochemical storage company completed its initial public offering.
The storage company sold 44.4 million shares and raised 783 million yuan.
Yalian Machinery surged 180% to 54.14 yuan in Shenzhen after the wood-based panel machinery company priced its share at 19.08 yuan in an initial public offering.
Yalian sold 21.8 million shares and raised 416 million yuan and listed its shares on the Shenzhen Stock Exchange.
- Scott Peters
- 27 Jan, 2025
- New York City
WNS Holdings Ltd surged 2.82% to $62.41 after the Mumbai and New York-based business process management company posted upbeat third-quarter 2025 earnings ending in December.
Revenue increased 2.1% to $333 million from $326.2 million; profit rose to $48.6 million from $41.5 million, and earnings per diluted share edged up to $1.07 from 85 cents from a year ago.
Investments in the quarter declined to $129.5 million from $156.5 million a year ago.
Cash from operations increased to $101.6 million from $87.4 million a year earlier, as the company added 7 new clients and expanded 52 existing contracts.
American Airlines Group eased 2.30% to $16.57 after the company posted higher operating income in the fourth quarter ending in December.
Revenue increased to $1.13 billion from $656 million, net income surged to $590 million from $19 million, and earnings per diluted share rose to 84 cents from 3 cents a year ago.
The airline company expects to generate over $2 billion in free cash flow in 2025, and to reduce total debt to below $35 billion by the end of 2027, a full year ahead of plan.
Looking ahead, American Airlines expects next quarter revenue to increase between 3% to 5%, while full year 2025 revenue to advance by 4.5% to 7.5% from a year ago.
Texas Instruments gained 0.4% to $186.24 after the advanced semiconductor company posted declining results for its fourth-quarter ending in December.
Revenue dropped 2% to $4.01 billion from $4.02 billion, net income fell 10% to $1.21 billion from $1.37 billion, and earnings per diluted share declined to $1.30 from $1.49 a year ago.
Free cash flow in the quarter declined to $806 million from $ 1.50 billon a year earlier.
The company’s management declared a quarterly cash dividend of $1.36 per share payable on February 11 to shareholders of record on January 31.
Intuitive Surgical Inc dropped 1.7% to $574 after the robotic surgery equipment company posted strong results for its fourth quarter ending in December.
Revenue jumped 25% to $2.41 billion from $1.93 billion; net income increased to $686 million from $606 million, and earnings per diluted share edged up to $1.88 from $1.69 a year ago.
The company expanded its da Vinci surgical systems by 15%, including 174 da Vinci 5 systems.
Verizon Communications Inc gained 0.9% to $39.54 after the telecom company posted steady growth in fiscal year 2024 ending in December.
Revenue in the fourth quarter ending in December increased 1.6% to $35.7 billion from $35.1 billion; net income swung to profit of $5.1 billion from a net loss of $2.6 billion, and earnings per diluted share rose to $1.18 from 64 cents a year ago.
Revenue in the year was up 0.6% to $134.8 billion from $134.0 billion, net income declined to $5 billion from $12.09 billion, and diluted earnings per share rose to $4.14 from $2.75 a year ago.
The company added one million subscribers in the fourth quarter, the highest in five years, driven by iPhone 16 trade-in deals, Black Friday promotions and myPlan offerings.
The wireless services segment rose 3.1% or $20 billion to total revenue, adjusted EBITDA growth was 2.1%, both exceeding the midpoint of the estimate levels.
Verizon successfully scaled private networks, securing contracts with clients like Xerox, Cummins Inc, FIFA, and the US Air Force.
The telecom company will pay an annualized dividend of $2.71 per share in its 18th consecutive year of quarterly dividend distribution.
Brown & Brown Inc added 0.7% to $106 after the company posted fourth quarter results.
The company’s management announced a cash dividend of $0.15 per share, payable on February 12 to shareholders of record on February 5.
Revenue in year 2023 ending in December increased to $4.26 billion from $3.57 billion; net income rose to $871 million from $672 million, and earnings per diluted share edged up to $3.05 from $2.37 a year ago.
SoFi Technologies Inc plunged 10% to $16.15 after the student loan services provider posted strong returns in the fourth quarter ending in December.
Revenue surged 19% to $734.1 million from $615.4 million; net income increased to $332.5 million from $47.9 million, and earnings per diluted share rose to 29 cents from 2 cents a year ago.
The student and home loans segments reached record levels since year 2021, up 71% and 87%, respectively.
Oxford Lane Capital Corp eased 0.2% to $5.11 after the investment company said its third quarter net income declined to 28 cents a share from 39 cents a year ago.
- Scott Peters
- 27 Jan, 2025
- New York City
WNS Holdings Ltd surged 2.82% to $62.41 after the Mumbai and New York-based business process management company posted upbeat third-quarter 2025 earnings ending in December.
Revenue increased 2.1% to $333 million from $326.2 million; profit rose to $48.6 million from $41.5 million, and earnings per diluted share edged up to $1.07 from 85 cents from a year ago.
Investments in the quarter declined to $129.5 million from $156.5 million a year ago.
Cash from operations increased to $101.6 million from $87.4 million a year earlier, as the company added 7 new clients and expanded 52 existing contracts.
American Airlines Group eased 2.30% to $16.57 after the company posted higher operating income in the fourth quarter ending in December.
Revenue increased to $1.13 billion from $656 million, net income surged to $590 million from $19 million, and earnings per diluted share rose to 84 cents from 3 cents a year ago.
The airline company expects to generate over $2 billion in free cash flow in 2025, and to reduce total debt to below $35 billion by the end of 2027, a full year ahead of plan.
Looking ahead, American Airlines expects next quarter revenue to increase between 3% to 5%, while full year 2025 revenue to advance by 4.5% to 7.5% from a year ago.
Texas Instruments gained 0.4% to $186.24 after the advanced semiconductor company posted declining results for its fourth-quarter ending in December.
Revenue dropped 2% to $4.01 billion from $4.02 billion, net income fell 10% to $1.21 billion from $1.37 billion, and earnings per diluted share declined to $1.30 from $1.49 a year ago.
Free cash flow in the quarter declined to $806 million from $ 1.50 billon a year earlier.
The company’s management declared a quarterly cash dividend of $1.36 per share payable on February 11 to shareholders of record on January 31.
Intuitive Surgical Inc dropped 1.7% to $574 after the robotic surgery equipment company posted strong results for its fourth quarter ending in December.
Revenue jumped 25% to $2.41 billion from $1.93 billion; net income increased to $686 million from $606 million, and earnings per diluted share edged up to $1.88 from $1.69 a year ago.
The company expanded its da Vinci surgical systems by 15%, including 174 da Vinci 5 systems.
Verizon Communications Inc gained 0.9% to $39.54 after the telecom company posted steady growth in fiscal year 2024 ending in December.
Revenue was up 0.6% to $134.8 billion from $134.0 billion, net income declined to $5 billion from $12.09 billion, and diluted earnings per share rose to $4.14 from $2.75 a year ago.
The company added one million subscribers in the fourth quarter, the highest in five years, driven by iPhone 16 trade-in deals, Black Friday promotions and myPlan offerings.
The wireless services segment rose 3.1% or $20 billion to total revenue, adjusted EBITDA growth was 2.1%, both exceeding the midpoint of the estimate levels.
Verizon successfully scaled private networks, securing contracts with clients like Xerox, Cummins Inc, FIFA, and the US Air Force.
The telecom company will pay an annualized dividend of $2.71 per share in its 18th consecutive year of quarterly dividend distribution.
Brown & Brown Inc added 0.7% to $106 after the company posted fourth quarter results.
The company’s management announced a cash dividend of $0.15 per share, payable on February 12 to shareholders of record on February 5.
Revenue in year 2023 ending in December increased to $4.26 billion from $3.57 billion; net income rose to $871 million from $672 million, and earnings per diluted share edged up to $3.05 from $2.37 a year ago.
SoFi Technologies Inc plunged 10% to $16.15 after the student loan services provider posted strong returns in the fourth quarter ending in December.
Revenue surged 19% to $734.1 million from $615.4 million; net income increased to $332.5 million from $47.9 million, and earnings per diluted share rose to 29 cents from 2 cents a year ago.
The student and home loans segments reached record levels since year 2021, up 71% and 87%, respectively.
Oxford Lane Capital Corp eased 0.2% to $5.11 after the investment company said its third quarter net income declined to 28 cents a share from 39 cents a year ago.
- Barry Adams
- 27 Jan, 2025
- New York City
Wall Street indexes opened sharply lower after investors turned cautious about the artificial intelligence-related stocks.
The S&P 500 index and the Nasdaq Composite declined as much as 2% in early trading after a China-based startup released an open-source artificial intelligence model substantially cheaper than available in the U.S.
China-based startup DeepSeek's artificial intelligence models passed all key metrics in competitive tests conducted by independent analysts.
In the week ahead, investors are looking to review a flood of earnings from leading global corporations, and about 400 companies are scheduled to release earnings this week.
This week, Microsoft, Meta, Apple, Tesla, IBM, Visa, Mastercard, Exxon Mobil, Blackstone, and Caterpillar are scheduled to release their earnings.
On Thursday, the U.S. Federal Reserve is set to hold the federal funds rate steady between 4.25% and 4.50% after three consecutive rate cuts in 2024.
Investors are also looking forward to the preliminary estimate of GDP growth rate in the fourth quarter.
Last week, Wall Street and global indexes extended gains for the second week in a row amid rate-cut expectations and mixed but positive corporate earnings.
Despite the elevated U.S. service sector inflation, investors continue to believe that additional rate cuts are likely in the near future, driving the benchmark indexes to new highs.
Rate cut expectations dominated investor sentiment in Europe, and in China investors are hoping that Beijing will soon announce its plan to implement fiscal stimulus.
U.S. Indexes and Treasury Yields
The S&P 500 index declined 1.6% to 5,999.80, the Nasdaq Composite edged down 2.9% to 19,365.92, and the Russell 2000 index was down 0.3% to 2,307.74.
The yield on 2-year Treasury notes edged lower to 4.19%, 10-year Treasury notes dropped to 4.55%, and 30-year Treasury bonds inched down to 4.75%.
WTI crude oil decreased $0.31 to $74.33 a barrel, and natural gas prices edged lower by $0.31 to $3.72 a thermal unit.
Gold declined by $17.46 to 2,752.71 an ounce, and silver edged down by $0.18 to $30.39.
The dollar index, which weighs the US currency against a basket of foreign currencies, eased by 0.30 to 107.14 and traded at a two-year high.
U.S. Stock Movers
Nvidia dropped 11% to $125.49, Broadcom fell 11% to $217.86, and AMD declined 4.2% to $117.80.
Microsoft fell 4.2% to $424.0, Alphabet declined 3.5% to $194.25, and Meta Platforms eased 4.5% to $624.73.
- Barry Adams
- 27 Jan, 2025
- New York City
Wall Street indexes opened sharply lower after investors turned cautious about the artificial intelligence-related stocks.
The S&P 500 index and the Nasdaq Composite declined as much as 2% in early trading after a China-based startup released an open-source artificial intelligence model substantially cheaper than available in the U.S.
China-based startup DeepSeek's artificial intelligence models passed all key metrics in competitive tests conducted by independent analysts.
In the week ahead, investors are looking to review a flood of earnings from leading global corporations, and about 400 companies are scheduled to release earnings this week.
This week, Microsoft, Meta, Apple, Tesla, IBM, Visa, Mastercard, Exxon Mobil, Blackstone, and Caterpillar are scheduled to release their earnings.
On Thursday, the U.S. Federal Reserve is set to hold the federal funds rate steady between 4.25% and 4.50% after three consecutive rate cuts in 2024.
Investors are also looking forward to the preliminary estimate of GDP growth rate in the fourth quarter.
U.S. Stock Movers
Nvidia dropped 11% to $125.49, Broadcom fell 11% to $217.86, and AMD declined 4.2% to $117.80.
Microsoft fell 4.2% to $424.0, Alphabet declined 3.5% to $194.25, and Meta Platforms eased 4.5% to $624.73.
- Inga Muller
- 27 Jan, 2025
- Frankfurt
Sharp losses in artificial intelligence-linked stocks dragged down broader averages across markets in Europe. Investors are gearing up for a busy earnings season this week.
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Revenue in the third quarter ending in December increased 10% to €2.96 billion from €2.70 billion; profit rose to €148.6 million from €14.8 million, and earnings per diluted share edged up to €0.14 from €0.013 from a year ago.
Operating costs rose 8% to €2.93 billion as fuel hedge savings offset higher staff and other costs related to Boeing delivery delays.
For the nine-month period ending in December, operating revenue rose 3% to €11.65 billion from €11.27 billion; profit attributable to shareholders decreased 12% to €1.9 billion from €2.2 billion a year earlier, and earnings per diluted share declined to €1.74 from €1.92 a year earlier.
The discount airline said it completed over 50% of its €800 million stock repurchase as of December 31, and the company announced an interim cash dividend of 22.3 euro cents to shareholders payable on February 26.
Ryanair said it plans to repay a maturing €850 million debt in September 2025 from internal cash accruals.
The low-cost airline estimated annual earnings per share to range between 1.55 and 1.61, and passenger traffic is expected to cross 200 million in the fiscal year.
- Inga Muller
- 27 Jan, 2025
- Frankfurt
Sharp losses in artificial intelligence-linked stocks dragged down broader averages across markets in Europe. Investors are gearing up for a busy earnings season this week.
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Revenue in the third quarter ending in December increased 10% to €2.96 billion from €2.70 billion; profit rose to €148.6 million from €14.8 million, and earnings per diluted share edged up to €0.14 from €0.013 from a year ago.
Operating costs rose 8% to €2.93 billion as fuel hedge savings offset higher staff and other costs related to Boeing delivery delays.
For the nine-month period ending in December, operating revenue rose 3% to €11.65 billion from €11.27 billion; profit attributable to shareholders decreased 12% to €1.9 billion from €2.2 billion a year earlier, and earnings per diluted share declined to €1.74 from €1.92 a year earlier.
The discount airline said it completed over 50% of its €800 million stock repurchase as of December 31, and the company announced an interim cash dividend of 22.3 euro cents to shareholders payable on February 26.
Ryanair said it plans to repay a maturing €850 million debt in September 2025 from internal cash accruals.
The low-cost airline estimated annual earnings per share to range between 1.55 and 1.61, and passenger traffic is expected to cross 200 million in the fiscal year.
- Bridgette Randall
- 27 Jan, 2025
- London
Stock market indexes in Europe dropped sharply following losses in artificial intelligence-related stocks, and investors awaited decisions from major central banks this week.
Benchmark indexes in Paris, Frankfurt, Milan, and London dropped as much as 2% before recovering to losses between 0.5% and 1% after artificial intelligence-linked stocks plunged more than 5% amid rising competition from China.
On Thursday, the European Central Bank is widely anticipated to trim its key lending rates amid weak economic outlook and weakening inflationary pressures.
The European Central Bank is expected to lower its policy rates by 25 basis points, but Sweden’s Riksbank may pause after trimming rates three times in a row.
Investors are also awaiting the release of GDP growth data in the eurozone, Germany, France, and Italy.
Moreover, Germany’s retail sales and Switzerland’s foreign trade data are likely to garner headlines next week.
On Thursday, the U.S. Federal Reserve is likely to hold rates at the end of its two-day policy meeting, as policymakers struggle to balance strong economic growth with resurgent inflationary pressures.
In addition, investors are looking forward to the release of corporate results from about 80 companies in Europe, including updates from LVMH, SAP, ASML, Lonza Group, Roche, Shell, ABB, Alas Copco, and Logitech.
Europe Indexes and Yields
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
The euro was flat at $1.05; the British pound was flat at $1.24; and the U.S. dollar was higher at 90.59 Swiss cents.
Brent crude decreased $0.27 to $78.23 a barrel, and the Dutch TTF natural gas was flat at €49.91 per MWh.
Europe Stock Movers
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
- Bridgette Randall
- 27 Jan, 2025
- London
Stock market indexes in Europe dropped sharply following losses in artificial intelligence-related stocks, and investors awaited decisions from major central banks this week.
Benchmark indexes in Paris, Frankfurt, Milan, and London dropped as much as 2% before recovering to losses between 0.5% and 1% after artificial intelligence-linked stocks plunged more than 5% amid rising competition from China.
On Thursday, the European Central Bank is widely anticipated to trim its key lending rates amid weak economic outlook and weakening inflationary pressures.
The European Central Bank is expected to lower its policy rates by 25 basis points, but Sweden’s Riksbank may pause after trimming rates three times in a row.
Investors are also awaiting the release of GDP growth data in the eurozone, Germany, France, and Italy.
Moreover, Germany’s retail sales and Switzerland’s foreign trade data are likely to garner headlines next week.
On Thursday, the U.S. Federal Reserve is likely to hold rates at the end of its two-day policy meeting, as policymakers struggle to balance strong economic growth with resurgent inflationary pressures.
In addition, investors are looking forward to the release of corporate results from about 80 companies in Europe, including updates from LVMH, SAP, ASML, Lonza Group, Roche, Shell, ABB, Alas Copco, and Logitech.
Europe Indexes and Yields
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
The euro was flat at $1.05; the British pound was flat at $1.24; and the U.S. dollar was higher at 90.59 Swiss cents.
Brent crude decreased $0.27 to $78.23 a barrel, and the Dutch TTF natural gas was flat at €49.91 per MWh.
Europe Stock Movers
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
- Akira Ito
- 27 Jan, 2025
- Tokyo
Stock market indexes in Tokyo erased early gains after the weakness in tech stocks weighed on broader market sentiment.
The Nikkei 225 stock average decreased 0.9%, and the broader TOPIX increased 0.3%, as investors reviewed the latest rate decisions by the Bank of Japan.
The Japanese yen traded around 155.85 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda signaled possible additional rate cuts in the near future.
Policymakers also revised the inflation outlook higher for the current and next fiscal years, indicating that they are ready to raise rates if necessary.
Investors are looking ahead to a flood of economic updates later in the week, and the Tokyo-area consumer price inflation is also on tap.
Industrial output, jobless rate, retail sales, and housing starts data are set to be released at the end of the week, and investors are looking for clues about the health of the economy.
Japan's GDP in the current fiscal year ending in March is expected to grow less than 0.5% and rise about 1% in the fiscal year ending in March 2026.
Asian markets lacked direction amid ongoing policy chaos in the U.S. and the lack of political will to lower huge federal government debt, which is increasingly financed by foreign investors.
Japan Stock Movers
The Nikkei 225 Stock Average decreased 0.9% to 39,565.80, and the broader TOPIX increased 0.3% to 2,758.07.
Tokyo Electron decreased 4.9% to ¥25,805.0, Advantest Corp. dropped 8.6% to ¥9,185.0, and Disco Corp. declined 1.8% to ¥46,580.0.
Seven & I Holdings increased 0.3% to ¥2,435.0, Isetan Mitsukoshi rose 4.9% to ¥2,588.50, J. Front Retailing gained 3.3% to ¥2,079.50, and Fast Retailing advanced 0.6% to ¥50,000.0.
Mitsubishi UFJ Financial Group added 0.7% to ¥1,921.00, Sumitomo Mitsui Financial Group gained 1.9% to ¥3,808.00, and Mizuho Financial added 1.6% to ¥4,049.0.
- Akira Ito
- 27 Jan, 2025
- Tokyo
Stock market indexes in Tokyo erased early gains after the weakness in tech stocks weighed on broader market sentiment.
The Nikkei 225 stock average decreased 0.9%, and the broader TOPIX increased 0.3%, as investors reviewed the latest rate decisions by the Bank of Japan.
The Japanese yen traded around 155.85 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda signaled possible additional rate cuts in the near future.
Policymakers also revised the inflation outlook higher for the current and next fiscal years, indicating that they are ready to raise rates if necessary.
Investors are looking ahead to a flood of economic updates later in the week, and the Tokyo-area consumer price inflation is also on tap.
Industrial output, jobless rate, retail sales, and housing starts data are set to be released at the end of the week, and investors are looking for clues about the health of the economy.
Japan's GDP in the current fiscal year ending in March is expected to grow less than 0.5% and rise about 1% in the fiscal year ending in March 2026.
Asian markets lacked direction amid ongoing policy chaos in the U.S. and the lack of political will to lower huge federal government debt, which is increasingly financed by foreign investors.
Japan Stock Movers
The Nikkei 225 Stock Average decreased 0.9% to 39,565.80, and the broader TOPIX increased 0.3% to 2,758.07.
Tokyo Electron decreased 4.9% to ¥25,805.0, Advantest Corp. dropped 8.6% to ¥9,185.0, and Disco Corp. declined 1.8% to ¥46,580.0.
Seven & I Holdings increased 0.3% to ¥2,435.0, Isetan Mitsukoshi rose 4.9% to ¥2,588.50, J. Front Retailing gained 3.3% to ¥2,079.50, and Fast Retailing advanced 0.6% to ¥50,000.0.
Mitsubishi UFJ Financial Group added 0.7% to ¥1,921.00, Sumitomo Mitsui Financial Group gained 1.9% to ¥3,808.00, and Mizuho Financial added 1.6% to ¥4,049.0.
- Li Chen
- 27 Jan, 2025
- Hong Kong
Financial markets in China and Hong Kong advanced after the top financial regulator announced additional measures to shore up faltering stock market confidence.
The Hang Seng index increased 1%, and the mainland-focused CSI 300 index advanced a fraction.
The China Securities Regulatory Commission announced measures to facilitate investment in index-linked funds and also expanded its list of insurance companies required to invest a portion of premiums on new policies in onshore stock markets.
Twin moves by the regulatory agency are part of a plan to arrest the further decline in financial markets after five years of weakness and increase the attractiveness of Chinese stocks to foreign investors.
Market sentiment was cautious after the latest official survey showed a slowdown in growth in activities in the manufacturing and services sector in January.
The official Manufacturing Purchasing Managers' Index decreased to 49.1 from 50.1 in December, indicating a slowdown ahead of the Lunar New Year holidays.
China's official non-manufacturing Purchasing Managers' Index fell to 50.2 in January from a nine-month high of 52.2 in December.
Financial markets in China will remain closed from January 28 to February 4, and in Hong Kong, they will close from midday January 28 to January 31.
The National Bureau of Statistics on Monday released two surveys indicating the updates in business activities.
China Stock Movers
The Hang Seng index increased 1% to 20,257.34, and the CSI 300 index advanced 0.1% to 3,836.30.
Beijing Haibo Sichuang Technology soared more than 230% to 61.43 yuan in Shanghai after the electrochemical storage company completed its initial public offering.
The storage company sold 44.4 million shares and raised 783 million yuan.
Yalian Machinery surged 180% to 54.14 yuan in Shenzhen after the wood-based panel machinery company priced its share at 19.08 yuan in an initial public offering.
Yalian sold 21.8 million shares and raised 416 million yuan and listed its shares on the Shenzhen Stock Exchange.