The composite index, after two years of sharp falls in 2010 and 2011, advanced nearly 12 per cent as of early March this year before retreating. It also fell below last year's dismal year-end close on January 6.
SCMP, July 10Sunday, 15 July, 2012, 12:00am
When the American economist Professor Robert Lucas and his wife divorced in 1988, a clause in their settlement stipulated that if he won a Nobel Prize within seven years of the divorce, she would receive half the prize money. In 1995 Lucas did win a Nobel Prize in economics - for his work on the theory of 'rational expectations' - and his ex-wife got 50 per cent of the US$1 million prize.18 Dec 2011 - 12:00am
Yesterday's stock rally should not be taken as a sign of the market's return to stability as it remains vulnerable to uncertainties in Europe, the United States and the mainland, warn brokers and investment strategists.7 Oct 2011 - 12:00am
The Year of the Rabbit arrives on Thursday and White Collar would like to wish all readers a prosperous and healthy Lunar New Year.
It is a Chinese tradition to have a fung shui master predict one's fortune for the year, so White Collar had a chat with master Wong Man-chiu.1 Feb 2011 - 12:00am
Hong Kong stocks paced a regional retreat yesterday as skittish investors tracked a slump in global financial markets that stemmed from a dour World Bank economic prediction.
The Hang Seng Index dropped the most in five weeks to close 521.18 points or 2.89 per cent lower at 17,538.37.24 Jun 2009 - 12:00am
The Hong Kong stock exchange has once again proved itself to be an arm of the civil service with government-appointed directors who understand little of how markets work.11 Jun 2009 - 12:00am
What the movers and shakers are reading
Chief executive, ipac Wealth Management Asia
There are so many great books to read. The novels of George Orwell and Aldous Huxley greatly influenced my views when I was younger and, more recently, Long Walk to Freedom by Nelson Mandela is a book that brings true inspiration and hope.17 Jan 2009 - 12:00am
Why do financial crises always sneak up on people and surprise them? I have lost count of talking heads on financial news channels who said 'markets hate surprises'. But, how could it be otherwise? If markets could anticipate major corrections and collapses, these highly unpleasant events would not occur in the first place.9 Oct 2008 - 12:00am
Seesaw session underscores investor fears of slump and hopes for government action
Mainland investors went on a wild ride yesterday as speculation Beijing would cut taxes on share trading helped equities recover from a brutal morning sell-off that saw the market drop 6.52 per cent.21 Mar 2008 - 12:00am
So the index went up 1,057 points on Tuesday, did it? What can I say about this that hasn't already been said repeatedly? You must be tired by now of people trying to tell you that markets can't climb like this forever or, if these people come from across the border, that markets can.4 Oct 2007 - 12:00am
More than 80 per cent of fund managers believe the mainland's A-share market is overvalued, according to a survey by consultancy Investoday.
The poll of 85 fund managers this month showed 84 per cent of them - a 14 percentage point increase from July - think the market is overvalued. The consultancy conducts the survey every two months.25 Sep 2007 - 12:00am
Earlier this year, global markets shuddered when the Shanghai stock market was pummelled down by 9 per cent in a single day. The drop, fuelled by speculation that Beijing intended to clamp down on rampant speculation by imposing a capital gains tax on earnings from shares, was the sharpest one-day correction for mainland stocks in a decade.21 May 2007 - 12:00am
I don't think I need much space to explain the first chart here today. It obviously represents the movement of the Shanghai Composite Index and I have presented this chart on several occasions recently as an example of how a bubble in a stock market forms.18 May 2007 - 12:00am
Just three years ago, a downward spiral in the mainland's stock exchanges caused widespread public discontent and became the subject of intense debate among delegates attending the annual session of the national legislature at Beijing's Great Hall of the People.1 Mar 2007 - 12:00am
Cheng Siwei advocates delisting worthless firms to speed up the development of mainland market
About 70 per cent of China's listed companies are not worth investing in and some of them should leave the market, according to a senior government official.7 Feb 2007 - 12:00am