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Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.
As Beijing halves stamp duty on share deals to lift investor confidence, Hong Kong is seeking greater liquidity to strengthen its position.
- Stocks were also boosted by an overnight rally in US shares amid expectations that tech companies will deliver strong earnings results
- Traders will be keeping close tabs on corporate results as seven companies on the Hang Seng Index including Ping An Insurance Group prepare to report
Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities will broaden the investor base
China Securities Regulatory Commission on Friday announce five measures to further enhance connectivity between mainland and Hong Kong capital markets.
China’s capital market regulators have announced a package of measures to boost liquidity, attract international investors and enhance competitiveness between the mainland and Hong Kong.
Hong Kong stocks gains were driven by insurance, banks and casino stocks with some investors saying conditions are right for a substantial rally in Chinese shares.
Hang Seng Index hovers near a five-week low after comments by Fed chairman Jerome Powell, who said it could take ‘longer than expected’ to get inflation back on target.
Hong Kong stocks eased, pressured by the weak Chinese yuan currency and following trade data that showed a contraction in exports from the world’s second-largest economy.
Hong Kong stocks tumble after data suggested China’s consumption demand remains weak and as investors lowered their bets on the US Federal Reserve cutting rates in June.
Hong Kong stocks rose as a growing number of corporate buy-backs triggered bets that the market is nearing a bottom.
Sentiment has been recovering after a visit to China by US Treasury Secretary Janet Yellen, as traders await March economic data due later this week.
Hong Kong stocks ended steady but the mood was cautious as ahead of economic data releases that will drive sentiment later in the week.
Stocks pare gains in week as traders continue to dial back bets on a rate cut in June amid concerns about sticky US inflation data. Trading shrinks as markets in mainland China are closed for a holiday.
China’s state-directed buying binge has swollen the size of exchange-traded funds (ETFs) tracking the underlying benchmark CSI 300 Index, helping them outperform the market while boosting their asset-size ranking.
Hong Kong stocks retreated after expectations of rate cuts by the US Federal Reserve were dealt a setback by strong jobs and factory orders data in the world’s biggest economy.
Lack of interest has more to do with lacklustre IPO activity than the reform per se, which will draw more interest when listings pick up, analysts say.
Hong Kong stocks jumped by the most in three weeks, with investor sentiment lifted by a manufacturing rebound in the world’s second biggest economy and as Chinese smartphone and gadget maker Xiaomi reported solid orders on its debut in the world’s biggest electric vehicles (EV) market.
Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, according to China’s biggest money manager.
Chinese state intervention has tentatively put a floor under stocks, but corporate earnings show little sign of providing upwards momentum as pressure is building for investors to pocket profits from the decent gains the market has made.
China’s major stock exchanges are facing a tough start to the year as proceeds from initial public offerings in Hong Kong, Shanghai and Shenzhen shrink. US exchanges are strengthening their lead and ranking.
Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.
Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO by Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD, with the yuan’s slide adding to the gloom.
Hong Kong stocks closed higher as China Merchants Bank and China Resources Land posted better-than-estimated results and China’s central bank governor struck an upbeat tone about the property market.
Hong Kong stocks retreated after a brief boost from a resurgent yuan currency, as investors are watchful awaiting earnings announcements this week from about a third of the companies that comprise the benchmark.
Hong Kong stocks retreated as the focus returned to corporate earnings and after the euphoria over the US Federal Reserve’s dovish comments evaporated. The yuan broke a key level for the first time since November, adding to the gloomy sentiment.
Hong Kong stocks made a firm start after the US Federal Reserve’s dovish outlook brightened the prospects of lower funding costs in the months ahead.
LianLian DigiTech aims for a fifth of the US$500 million it originally sought a year ago, as market conditions continue to dampen investor sentiment.
In this week’s issue of the Global Impact newsletter, we reflect on what is in store for Hong Kong’s stock market and its operator, the Hong Kong Exchanges and Clearing Limited (HKEX), in the Year of the Dragon.
Hong Kong stocks recovered from a weak start after China’s economic data triggers hopes of more policy easing in the world’s second-largest economy.
Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the next two meetings.
