The Latest Breaking News from Hang Seng

Asian shares have retreated after President Donald Trump's meeting with Chinese leader Xi Jinping

Major Chinese technology and auto stocks tumbled on Monday as renewed trade hostilities between Washington and Beijing sent jitters across Asian markets. Hong Kong's Hang Seng index plunged 2.28%, and mainland China's CSI 300 saw a decline of 0.95%.

HSBC, which already owns around 63% of Hang Seng, is proposing to pay around £10.2 billion on buying out the remaining shares to de-list Hang Seng.

HSBC‘s (HKG: 0005) (NYSE:HSBC) (LSE: HSBA) Hong Kong shares dropped over 7% on Thursday, after the European lender announced plans to privatize its majority-owned local unit, Hang Seng Bank (HKG: 0011), in a deal valued at HK$106.1 billion (about $13.63 billion).

GSK chief executive Emma Walmsley is to step down after more than eight years running the pharmaceuticals giant.

The UK’s annual rate of inflation has stayed at the highest level since January 2024.

September S&P 500 E-Mini futures (ESU25) are down -0.24%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.32% this morning, pointing to a slightly lower open on Wall Street after last Friday’s rally as some of the optimism around expectations for Federal Reserve interest rate cuts faded.

Investors didn’t read the two-week delay as a push for peace that will avoid the most catastrophic outcome, but rather as kicking the can down the road without a resolution in sight.

A slower global growth projection by the OECD today dampened investor sentiment during a lacklustre session for the FTSE 100 index.