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Analyst recaps Asian stock markets' performance on Tuesday

China

China

China

Analyst recaps Asian stock markets' performance on Tuesday

2025-07-29 18:02 Last Updated At:23:27

Asian stock indexes, excluding the Chinese Mainland, largely closed after hectic market activity on Tuesday, with the exception of South Korea's composite index (Kospi).

Hong Kong's stock market ended lower on Tuesday with the benchmark Hang Seng Index down 0.15 percent to close at 25,524.45 points.

The Hang Seng China Enterprises Index dropped 0.34 percent to end at 9,145.92 points, while the Hang Seng Tech Index fell 0.35 percent to close at 5,644.38 points.

Tokyo stocks extended declines on Tuesday, as investors continued profit-taking and position adjustments following the sharp rally last week.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 40,674.55, down 323.72 points or 0.79 percent, from the previous trading day.

Of the listed stocks on the Tokyo Prime Market, declining issues outnumbered gainers, with 970 stocks falling, 585 rising, and 70 unchanged.

CGTN market analyst and business reporter Wang Tianyu offered the following report on Tuesday's market performances.

"If we look at Hong Kong, the Hang Seng Index had a bit of a roller coaster today. It dropped as much as 1.21 percent in the morning but managed to claw back some losses, closing down 0.15 percent at 25,524. Over in Japan, the Nikkei 225 ended lower for the third straight session, falling 0.79 percent to 40,674. Investors are locking in profits as concerns over the domestic corporate outlook weigh on sentiment. Meanwhile, South Korea's Kospi bucked the regional trend, edging up 0.66 percent to around 3,230," Wang said.

Analyst recaps Asian stock markets' performance on Tuesday

Analyst recaps Asian stock markets' performance on Tuesday

China is willing to strengthen communication, enhance trust, eliminate interference, and deepen cooperation with Canada to bring bilateral relations forward on a steady and sound track in solid strides under the new circumstances, said Chinese Foreign Minister Wang Yi on Thursday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Canadian Foreign Minister Anita Anand in Beijing on the day.

Referring to Canadian Prime Minister Mark Carney's visit to China, the first by a Canadian prime minister in eight years, Wang said the trip marks a milestone in bilateral ties and signals a turning point in the relationship.

The leaders of the two countries will hold meetings and talks, which are expected to open up new prospects for bilateral relations, said Wang.

The world today is undergoing profound and complex changes, and the impact of China-Canada relations transcends the bilateral scope, Wang noted.

Wang said that China and Canada have different social systems, stemming from different historical and cultural heritage, and based on the choices of their respective people.

He urged both sides to view each other in a rational and amicable manner with an inclusive mindset, handle issues on the basis of mutual respect, focus on the agenda of cooperation, and send positive messages so as to foster optimism, inject greater confidence into the development of bilateral relations, and jointly build a new type of strategic partnership between China and Canada.

Anand said the new Canadian government attaches great importance to relations with China. She also added that Prime Minister Carney looks forward to engaging in in-depth exchanges with Chinese leaders during the visit to set the course for the development of bilateral relations, resume dialogue in various fields, pursue more mutually beneficial outcomes, enhance coordination and cooperation in multilateral affairs, and further advance the strategic partnership between the two countries.

China ready to work for steady, sound ties with Canada: FM

China ready to work for steady, sound ties with Canada: FM

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