Stock Market

Xi Jinping's security commission to also tackle financial industry

Chinese President Xi Jinping

Beijing will create a ministerial-level division dedicated to financial industry security within the new National Security Commission to be chaired by President Xi Jinping.

Tuesday, 28 January, 2014, 8:57am 1 comment

Son-in-law of Chinese vice-premier sets up Hong Kong fund

Vice Premier Wang Yang. His son-in-law Nicholas Zhang has recently set up a new hedge fund in Hong Kong. Photo: Reuters

Vice-Premier Wang Yang's son-in-law recently launched a Hong Kong-based hedge fund focused on mainland equities, joining a growing number of young family members of top officials who have set up asset management businesses in the city.

18 Jul 2013 - 8:39am 6 comments

Japanese stocks tumble as Abenomics loses its lustre and investors take fright

Japanese stocks tumble as Abenomics loses its lustre and investors take fright

The Nikkei 225 stock index dived 6.35 per cent to finish at 12,445.38 yesterday, erasing almost all its gains since the Bank of Japan unveiled a plan on April 4 to double the size of the country's monetary base.

14 Jun 2013 - 5:12am 1 comment

Baring Asset Management sees value in Japan stocks after sell-off

Japan's Nikkei surged 5 per cent yesterday. Photo: EPA

Investment firm Baring Asset Management is buying more Japanese equities as it prepares for another rally in the market after its recent sell-off.

11 Jun 2013 - 3:25am

Markets fall as Chinese production weakens

Markets fall as Chinese production weakens

The deteriorating outlook on the mainland sent Japan's Nikkei 225 stock average slumping 7.3 per cent, registering the deepest loss since the 2011 earthquake and tsunami. The Hang Seng Index dropped 2.54 per cent to 22,669.68, its biggest slide in seven weeks. The Shanghai Composite Index fell 1.16 per cent while Australia's S&P/ASX 200 Index dropped 1.99 per cent.

24 May 2013 - 3:47am

For once it may not be wise to sell in May

Normally shares underperform during the summer, but this year could be different. Photo:EPA

"Sell in May and go away." Will this be the year that the old investment adage, arising from a long-run statistical underperformance of stocks from May to October versus the period from November to April, proves wrong?

20 May 2013 - 4:18am

Investors bullish about US, Japan markets: Bloomberg poll

Japan ranked second in the May 14 Bloomberg survey of investors, analysts and traders, with one in three picking it as a market to favour. Photo: AP

More than half of those contacted said the US will be among the markets offering the best returns over the next year, a 15-point jump from the last poll in January and the highest rating for any country since the survey began asking that question in October 2009.

17 May 2013 - 4:06am

Asian stocks near 5-year high on back of US rally

The Hang Seng Index yesterday ended the month 2 per cent higher, compared to losses it made in February and March. Photo: Bloomberg

Asian stocks closed near a five-year high yesterday, tracking a strong performance in the United States market and buoyed by better-than-expected home sales in the world's largest economy, amid indications that global central bankers will continue implementing easing measures.

1 May 2013 - 4:27am

A decade of growth but no sign of a fair share

The mainland economy is five times as big as it was 12 years ago but Shanghai's stock market has gone nowhere amid barriers to profitability.

30 Apr 2013 - 4:28am 4 comments

Market-beating monkeys give hope to retail investors

Market-beating monkeys give hope to retail investors

It's now official. Even monkeys can beat the stock market index. Cass Business School researchers in London simulated 10 million portfolios of US stocks selected at random.

27 Apr 2013 - 3:31am 1 comment

Construction, drug plays rise following quake

The Shanghai Composite closed slightly lower despite expectations of growth amid post-earthquake rebuilding efforts.

Shares in drug manufacturers, steelmakers and construction firms jumped in Hong Kong and Shanghai yesterday as investors bet medical and rebuilding demand will rise after an earthquake in Sichuan province that killed at least 186 people.

23 Apr 2013 - 4:45am

Investors dump stocks on poor China economic data

A drop in gold prices also led to a sell-off in mining shares.

A drop in gold prices also weighed on the market, dragging down mining shares. Zijin Mining, the country's biggest gold miner, fell 7.2 per cent to HK$2.33. Spot gold prices fell up to 5 per cent to US$1,384.69 an ounce, the lowest in two years.

16 Apr 2013 - 1:17pm

How to prevent getting wiped out by a rights offer

Keep your eyes on the prize.

One fine day in March I checked the price of my favourite stock, Haitong Securities, a brokerage. It was taking a dive, which prompted me to check for news about the firm.

The company had just posted its year-end results. Its earnings were up 92 per cent. So far, so good. It had also announced a rights offer.


Rights issues almost always drag down share prices.

15 Apr 2013 - 3:11am 1 comment

Time to buy, StanChart tells local bargain-hunters

Time to buy, StanChart tells local bargain-hunters

The time is ripe for mid-term investors to find some bargains on the local stock market, now that a significant pullback since the beginning of this year has made shares fairly cheap, Standard Chartered Bank says. 

12 Apr 2013 - 5:43am

Bird flu scare gives shot in the arm to vaccine shares

Bird flu deaths have triggered fears of a mass cull.

Vaccine shares rose while mainland poultry companies declined on the stock market yesterday as the H7N9 bird flu scare in eastern China triggered speculation that Beijing could order a cull to prevent an epidemic.

Four people in Jiangsu province were reportedly fighting for their lives after it was confirmed they were infected with the virus.

4 Apr 2013 - 10:29am