Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.

Big investors cash in gains in Hong Kong after long run

People in Sha Tin in Hong Kong watch a screen at a bank as they keep up with the stock market action. Photo: Felix Wong

Companies and corporate chiefs are making the most of a sizzling rally in the Hong Kong stock market with some well-timed sell-downs.

Friday, 17 April, 2015, 3:53pm 2 comments

Shares of biotech firm WuXi tumble on big rise in capital spending

WuXi PharmaTech is expanding its research and development services. Photo: Bloomberg

WuXi PharmaTech Cayman, a Chinese biotechnology company, fell the most in nine months in New York on Friday after its capital spending forecast exceeded estimates and Goldman Sachs cut the stock to neutral from buy.

WuXi dropped 7.2 per cent to US$38.01, the biggest decline since May last year.

17 Apr 2015 - 3:53pm

Hanergy rally leaves a lot to be answered

Workers carry solar panels as they work at a solar power plant which is under construction on a hill in Wuhu, Anhui province September 16,. Photo: Reuters

Solar power firm Hanergy Thin Film Power Group, whose spectacular rise in the past week has wowed investors but drew analyst concerns of a stock bubble, has left many questions hanging around its lofty share valuation.

17 Apr 2015 - 3:53pm

Hong Kong stocks down on first day of Chinese New Year

Hong Kong Exchanges and Clearing Ltd (HKEx) Chief executive Charles Li Xiaojia (second left) and Hong Kong Stock Exchange Chairman Chow Chung-kong, attend a ceremony celebrating the first trading day of the Lunar New Year on February 23rd, 2015, at the Exchange Exhibition Hall at Exchange Square in Central. Photo: Nora Tam

17 Apr 2015 - 3:53pm

Nikkei ends at seven-year high on recession exit

The Nikkei close on Monday was the highest since July 2007. Photo: Reuters

The Nikkei Stock Average ended at a more than seven-year high on Monday after data showed the Japanese economy rebounded from recession in the last quarter of 2014.

The 225-issue index ended up 91.41 points, or 0.51 per cent, at 18,004.77, the highest close since July 2007.

It rose as high as 18,074.26 points during the day.

17 Apr 2015 - 3:53pm

Cooling moves to put brakes on rally in China stocks could delay upturn

Retail investors, who account for 60 to 80 per cent of share trades, borrowed money to rush into the stock markets. Photo: Reuters

Any rally in China's stock market could be held back by regulatory steps taken late last year to crack down on trading irregularities, traders say.

The market-cooling measures resulted in a reduction and stabilisation of settlement funds and margin borrowing during the second half of January, after steep rises during the stock market's rapid ascent late last year.

17 Apr 2015 - 3:53pm

Mainland's appeal over HK set to grow

The MSCI Hong Kong Index rose 2 per cent last year as the Hang Seng China Enterprises Index jumped 11 per cent. Photo: Felix Wong

The divide in Hong Kong's stock market between the city's own companies and those that make most of their money in mainland China will only get bigger.

17 Apr 2015 - 3:53pm

Shanghai-HK share price gap for Chinese developers set to continue

Shares of Shanghai-listed developers are not expected to produce this year spectacular returns like those seen last year. Photo: Reuters

The share price gap between mainland property developers listed in Hong Kong and Shanghai will continue despite the scheme linking the two markets.

17 Apr 2015 - 3:53pm

China bull market masks breakdown in momentum

Trading in mainland stocks has slowed with turnover shrinking. Photo: Reuters

Just below the surface of the mainland's world-beating equity rally, signs of trouble are emerging.

17 Apr 2015 - 3:53pm

Margin traders back in Shanghai market

The value of shares bought with borrowed cash on the Shanghai stock market has risen to a record high. Photo: AFP

It did not take long for the flood of borrowed money to come pouring back into mainland stocks.

After a two-day decline spurred by regulatory efforts on January 16 to curb margin lending by some of the biggest brokerages, the value of shares bought with borrowed cash has rebounded to a record high.

17 Apr 2015 - 3:53pm

Advertising move pushes Tencent ADRs to record high

Tencent Holdings is looking to grow advertising revenue from its free mobile apps. Photo: Reuters

Tencent Holdings climbed to a record in New York as Asia's second-largest internet company started advertising on its WeChat mobile messaging platform, spurring optimism it will diversify its revenue sources.

17 Apr 2015 - 3:53pm

Shanghai stock 'crash' erased as buyers look to history

Investors are betting that the world's best-performing stock market of last year could repeat the feat in 2015 despite its wild swings. Photo: Xinhua

The sharpest rally for Shanghai shares in six years a mere 48 hours after the steepest sell-off since 2008 is a clear sign that investors are willing to take a chance that the world's best-performing stock market of last year could repeat the feat this year.

And that is because, if history is any guide to future performance, the market has been here before.

17 Apr 2015 - 3:53pm

Smooth ride on Hong Kong-Shanghai stock through train despite volatility

Tuesday's gain in the Shanghai stock market is not enough to help offset losses suffered by some retail investors. Photo: Reuters

The Shanghai market rebounded from Monday's sharp fall yesterday while the head of the Hong Kong bourse said he was satisfied the stock through train scheme with Shanghai could cope with the volatility and it planned to establish a similar tie-up with Shenzhen this year.

17 Apr 2015 - 3:53pm

Shenzhen stock market waits in the wings as drawcard for foreign investors

A cross-border market tie-up with Shenzhen is likely to need incentives for investors to smooth the way.Photo: Bloomberg

Shenzhen is set to become the stage for another wave of financial reforms but market watchers expect its impact to be modest even as it opens up more avenues for foreign investors.

Premier Li Keqiang recently announced that Shenzhen will be the next to link up with Hong Kong for cross-border stock trading, after such ties were introduced in November last year with Shanghai.

17 Apr 2015 - 3:53pm

Property shares hit in panic over developer's sales ban in Shenzhen

Shenzhen authorities said the lock-up was a normal procedure for government-subsidised housing projects. Photo: Bloomberg

Fear and confusion seized investors in China Overseas Land & Investment shares yesterday after reports a project built by the developer in Shenzhen had been blocked from sale by the city's government.

17 Apr 2015 - 3:53pm