https://www.scmp.com/rss/517904/feed Techtronic Industries makes power tools and outdoor power equipment and cleaners under brands including Ryobi and Milwaukee, which it acquired in 2000 and 2005, respectively. The firm began life as an original equipment manufacturer, most notably producing products for the Craftsman power-tool line sold by Sears department stores in the United States. Currently, its largest client is Home Depot, which accounts for nearly half of its revenue. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong Zhang Shidong Hong Kong stocks rebounded on Tuesday on signs of a de-escalation of the US-Israel war against Iran after President Donald Trump said he would delay any attacks on the Gulf nation’s energy facilities. The Hang Seng Index surged 2.8 per cent to 25,063.71 at the close. The Hang Seng Tech Index gained 2.5 per cent. On the mainland, the CSI 300 Index climbed 1.3 per cent and the Shanghai Composite Index advanced 1.8 per cent. Biotech firm Wuxi AppTec rallied 11 per cent to HK$113.60 after its net... https://www.scmp.com/business/china-business/article/3347649/hong-kong-stocks-rebound-hopes-us-iran-deal-tensions-ease?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347649/hong-kong-stocks-rebound-hopes-us-iran-deal-tensions-ease?utm_source=rss_feed Tue, 24 Mar 2026 02:00:45 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Tuesday, tracking Wall Street’s losses, as renewed concerns about the artificial intelligence race weighed on sentiment, while mainland markets rallied on the first trading day in the Year of the Horse. The Hang Seng Index dropped 1.8 per cent to 26,590.32 at the close of trading, paring some of the 2.5 per cent gain recorded on Monday. The Hang Seng Tech Index fell 2.1 per cent. On the mainland, the CSI 300 Index rose 1 per cent while the Shanghai Composite Index jumped... https://www.scmp.com/business/china-business/article/3344393/hong-kong-stocks-retreat-ai-worries-china-markets-rally-year-horse?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344393/hong-kong-stocks-retreat-ai-worries-china-markets-rally-year-horse?utm_source=rss_feed Tue, 24 Feb 2026 01:58:23 +0000 Yulu Ao Yulu Ao Hong Kong stocks jumped on Monday, as investors bet the latest adjustment to US tariffs would ease pressure on Chinese exports after a Supreme Court ruling prompted a reshuffling of trade measures. The Hang Seng Index surged 2.5 per cent to 27,081.91 at the close, the biggest gain since January 28. The Hang Seng Tech Index jumped 3.3 per cent, the best increase since January 2. Mainland China’s bourses, which have been closed for Lunar New Year, will reopen on Tuesday. Food-delivery service... https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed Mon, 23 Feb 2026 01:59:17 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday as investors headed into the Lunar New Year holiday on an upbeat note, betting that the Year of the Horse will extend a rally that delivered the biggest lunar-year gain in eight years amid strong southbound inflows. The Hang Seng Index rose 0.5 per cent to 26,705.94 at the close of trading at noon, ending a two-day decline. The Hang Seng Tech Index added 0.1 per cent. The Hang Seng Index is up 32 per cent since the Year of the Snake began on January 29, 2025, the... https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed Mon, 16 Feb 2026 01:51:02 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday, supported by holiday-related flows ahead of the Lunar New Year break, with investors adjusting positions as the market heads into a shortened trading schedule next week. The Hang Seng Index rose 0.3 per cent to 27,266.38 at the close of trading, adding to the 0.6 per cent gain recorded on Tuesday. The Hang Seng Tech Index climbed 0.9 per cent. On the mainland, the CSI 300 Index fell 0.2 per cent and the Shanghai Composite Index added 0.1 per cent. Wuxi... https://www.scmp.com/business/china-business/article/3343127/hong-kong-stocks-rise-positive-holiday-bias-sets-ahead-lunar-new-year?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343127/hong-kong-stocks-rise-positive-holiday-bias-sets-ahead-lunar-new-year?utm_source=rss_feed Wed, 11 Feb 2026 01:52:29 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday, tracking Wall Street’s rally, as investors grew more confident about earnings growth prospects despite fading expectations for near-term US rate cuts. The Hang Seng Index increased 0.2 per cent to 25,818.93 at the close of trading, erasing the 0.1 per cent loss recorded on Tuesday. The Hang Seng Tech Index climbed 0.4 per cent. On the mainland, the Shanghai Composite Index added 0.5 per cent while the CSI 300 Index lifted 0.3 per cent. Hong Kong’s stock market... https://www.scmp.com/business/china-business/article/3337558/hong-kong-stocks-rise-wall-street-rally-boosts-confidence-earnings-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337558/hong-kong-stocks-rise-wall-street-rally-boosts-confidence-earnings-growth?utm_source=rss_feed Wed, 24 Dec 2025 02:09:51 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rebounded from a three-week low in a late rally on Wednesday, as traders weighed the prospects of monetary easing after a mixed reading on the US payroll report. The Hang Seng Index rose 0.9 per cent to 25,468.78 at the close after swinging between gains and losses during most of the day’s trading. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.8 per cent and the Shanghai Composite Index added 1.2 per cent. China Life Insurance jumped... https://www.scmp.com/business/china-business/article/3336699/hong-kong-stocks-trade-sideways-investors-weigh-rate-cut-odds-after-mixed-us-job-data?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336699/hong-kong-stocks-trade-sideways-investors-weigh-rate-cut-odds-after-mixed-us-job-data?utm_source=rss_feed Wed, 17 Dec 2025 02:29:47 +0000 Yulu Ao Yulu Ao Hong Kong stocks finished flat on Thursday, paring intraday gains sparked by Nvidia’s better-than-expected earnings that briefly dispelled Wall Street’s concerns about a potential artificial intelligence bubble. The Hang Seng Index closed little changed at 25,835.57. The Hang Seng Tech Index fell 0.6 per cent. On the mainland, the CSI 300 Index declined 0.5 per cent and the Shanghai Composite lost 0.4 per cent. Search-engine giant Baidu rose 2.4 per cent to HK$113.90, while short-video sharing... https://www.scmp.com/business/china-business/article/3333474/hong-kong-stocks-reverse-4-day-slide-nvidia-earnings-lift-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333474/hong-kong-stocks-reverse-4-day-slide-nvidia-earnings-lift-sentiment?utm_source=rss_feed Thu, 20 Nov 2025 02:18:10 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks dropped on Tuesday, retreating from the benchmark gauge’s biggest gain in more than two weeks a day earlier as blistering gains in the mainland’s markets took a pause. The Hang Seng Index fell 0.5 per cent to 25,496.55 at the close, surrendering part of the 2.2 per cent gain from the previous trading day. The Hang Seng Tech Index slid 1.2 per cent. A solid run among the mainland’s yuan-denominated stocks hit a snag as the CSI 300 Index slipped 0.7 per cent and the Shanghai... https://www.scmp.com/business/china-business/article/3323983/hong-kong-stocks-tread-water-after-hang-seng-indexs-biggest-advance-2-weeks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3323983/hong-kong-stocks-tread-water-after-hang-seng-indexs-biggest-advance-2-weeks?utm_source=rss_feed Tue, 02 Sep 2025 02:25:36 +0000 Salina Li Salina Li Hong Kong’s super luxury property market has seen 35 transactions worth about HK$23 billion (US$2.93 billion) in the past 19 months, with ownership shifting from local property-industry tycoons to mainland buyers who have made their fortunes in hot industries, according to Savills. Wealthy buyers from mainland China accounted for 80 per cent of the deals worth HK$300 million or more – 24 in 2024 and nine in the first seven months of this year, said Thomas See, the property consultancy’s director... https://www.scmp.com/business/article/3321362/hong-kong-ultra-luxury-homes-mainland-chinese-buyers-drive-us3-billion-buying-spree?utm_source=rss_feed https://www.scmp.com/business/article/3321362/hong-kong-ultra-luxury-homes-mainland-chinese-buyers-drive-us3-billion-buying-spree?utm_source=rss_feed Mon, 11 Aug 2025 01:30:14 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rose on Tuesday, taking cues from US and regional markets following a rebound in risk appetite as investors bought the dip on expectations of interest rate reductions by the Federal Reserve. The Hang Seng Index gained 0.7 per cent to 24,902.53 at the close. The Hang Seng Tech Index also rose 0.7 per cent. On the mainland, the CSI 300 Index climbed 0.8 per cent and the Shanghai Composite Index added 1 per cent. Personal computer maker Lenovo Group rallied 5.1 per cent to HK$11.14... https://www.scmp.com/business/china-business/article/3320748/hong-kong-stocks-steady-rate-cut-expectations-fuel-global-risk-appetite?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320748/hong-kong-stocks-steady-rate-cut-expectations-fuel-global-risk-appetite?utm_source=rss_feed Tue, 05 Aug 2025 02:18:42 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index closed 1.6 per cent higher at 24,590.12, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index rose 2.8 per cent. On the mainland, the Shanghai Composite Index slipped 0.5 per cent, while the CSI 300 Index was little changed. E-commerce giant Alibaba Group Holding added 7 per cent to HK$113.50, while online games provider NetEase rose 3.4 per cent to... https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed Tue, 15 Jul 2025 02:45:39 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks oscillated on Monday as volatility increased following the US attack on Iran’s nuclear facilities, fuelling haven trade and stoking concerns about the disruption of global oil supply. The Hang Seng Index climbed 0.7 per cent to 23,689.13 at the close, reversing a loss of more than 1 per cent. The Hang Seng Tech Index advanced 1.1 per cent. On the mainland, the CSI 300 Index gained 0.3 per cent, while the Shanghai Composite Index added 0.7 per cent. CNOOC rallied 1.1 per cent to... https://www.scmp.com/business/china-business/article/3315428/hong-kong-stocks-take-hit-escalating-iran-conflict-after-us-strike-hormuz-threat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3315428/hong-kong-stocks-take-hit-escalating-iran-conflict-after-us-strike-hormuz-threat?utm_source=rss_feed Mon, 23 Jun 2025 02:29:17 +0000 Salina Li Salina Li The family of Ho Shung-pun, a low-key clan of real estate developers in Hong Kong, has put a commercial property on the block after selling several luxury houses on The Peak last year to repay debt. Colliers is the sole agent for the five-storey building located at 18 Bute Street in Mong Kok. Ho is the director of the Kowloon Investment, which bought the building in 1971 for HK$420,000 (US$53,580), according to official records. The total gross floor area of the building is about 13,000 sq ft,... https://www.scmp.com/business/money/article/3312301/after-selling-homes-peak-low-key-ho-shung-pun-family-puts-building-block?utm_source=rss_feed https://www.scmp.com/business/money/article/3312301/after-selling-homes-peak-low-key-ho-shung-pun-family-puts-building-block?utm_source=rss_feed Thu, 29 May 2025 09:16:08 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rose by the most in two months on Monday to extend the longest winning streak in a year, as a de-escalation in the China-US trade war boosted risk appetite. The Hang Seng Index closed 3 per cent higher at 23,549.46, its best one-day performance since March 6. Sentiment received a boost in the afternoon after China and the US agreed to substantially lower tariffs on each other’s goods. The eight-day run is the longest since a 10-day streak ended in May 2024, notching up a 7.2 per... https://www.scmp.com/business/china-business/article/3309945/hong-kong-stocks-extend-longest-streak-year-china-us-trade-talks-progress?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3309945/hong-kong-stocks-extend-longest-streak-year-china-us-trade-talks-progress?utm_source=rss_feed Mon, 12 May 2025 02:21:56 +0000 Techtronic Industries rebounded from a sell-off that wiped out HK$32.2 billion (US$4.1 billion) of its market value, after the Hong Kong-based power tool maker rejected a short-seller’s report that contained allegations the company inflated its earnings. The stock jumped by as much as 8.1 per cent to HK$81 on Friday, before closing at HK$78.25. The stock sank 19 per cent on Thursday, the biggest rout since a 22 per cent plunge in November 2008. In a report published on Wednesday, Jehoshaphat... https://www.scmp.com/business/china-business/article/3211341/techtronic-rebounds-us41-billion-sell-hong-kong-power-tool-maker-denies-allegations-accounting-fraud?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3211341/techtronic-rebounds-us41-billion-sell-hong-kong-power-tool-maker-denies-allegations-accounting-fraud?utm_source=rss_feed Fri, 24 Feb 2023 02:54:55 +0000 Hong Kong stocks fell deeper into a technical correction, hitting the lowest level this year, following a mixed bag of earnings from Chinese big tech companies. Techtronic industries recovered from a 19 per cent plunge triggered by a short-seller attack. The Hang Seng Index slipped 1.7 per cent to 20,010.04 at the close of Friday trading bringing the decline for the week to 3.4 per cent to cap a four-week losing streak. The Tech Index retreated 3.3 per cent, while the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3211336/alibaba-netease-fall-hong-kong-stocks-correction-amid-mixed-earnings-signals-while-techtronic?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3211336/alibaba-netease-fall-hong-kong-stocks-correction-amid-mixed-earnings-signals-while-techtronic?utm_source=rss_feed Fri, 24 Feb 2023 02:38:49 +0000 Hong Kong stocks fell into a correction after a short-seller report triggered a sell-off in powertools maker Techtronic. The market earlier rose on expectations stronger corporate earnings from Alibaba Group Holding and other industry leaders will boost sentiment. The Hang Seng Index slid 0.4 per cent to 20,351.35 at the close of Thursday trading to the lowest level since January 3. The drop took the index’s decline past 10 per cent from the peak on January 27, a technical pullback. The Tech... https://www.scmp.com/business/banking-finance/article/3211187/hong-kong-stocks-flirt-correction-alibaba-hkex-earnings-traders-lose-hopes-faster-fed-downshift?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3211187/hong-kong-stocks-flirt-correction-alibaba-hkex-earnings-traders-lose-hopes-faster-fed-downshift?utm_source=rss_feed Thu, 23 Feb 2023 02:34:36 +0000 Hong Kong-based maker of Hoover vacuum cleaners and Milwaukee power tools Techtronic Industries will become a constituent stock of the benchmark Hang Seng gauge on March 11, compiler Hang Seng Indexes said on Friday as part of its quarterly review. Techtronic replaces China Resources Power Holdings, and the total number of the index will remain at 50. Co-founded in 1985 by Horst Pudwill, the company has been listed on the local bourse since 1990. It produces a lot of electronic equipment for the... https://www.scmp.com/business/companies/article/2187335/benchmark-compiler-hang-seng-indexes-adds-tool-maker-techtronic?utm_source=rss_feed https://www.scmp.com/business/companies/article/2187335/benchmark-compiler-hang-seng-indexes-adds-tool-maker-techtronic?utm_source=rss_feed Fri, 22 Feb 2019 10:56:14 +0000 Hong Kong’s Techtronic Industries (TTI), the maker of Hoover vacuum cleaners and Milwaukee power tools, is expanding a US manufacturing site and has opened a new one in Vietnam as it looks to mitigate potential trade war tariffs and rising costs in China. The company makes most of its products in Guangdong province, southern China, but they would fall under the tariffs on US$50 billion worth of Chinese goods announced by the US in June as part of its efforts to curb a trade deficit, and under... https://www.scmp.com/business/companies/article/2160060/hoover-maker-techtronic-looks-us-and-vietnam-manufacturing-trade?utm_source=rss_feed https://www.scmp.com/business/companies/article/2160060/hoover-maker-techtronic-looks-us-and-vietnam-manufacturing-trade?utm_source=rss_feed Thu, 16 Aug 2018 13:30:30 +0000 Shares in power tools giant Techtronic Industries (TTI) gained nearly 7 per cent in Hong Kong, after the company said it is prepared to move some its production to the US if President Donald Trump rolls out protectionist policies against China. But the Hong Kong-based company, which ships most of its products from China, has pledged to continue investing in facilities there to support sales growth in non-US markets. “We can move very quickly if the law favours manufacturing in the US,” said... https://www.scmp.com/business/companies/article/2079101/power-tools-giant-techtronic-ready-make-more-us-if-trump-raises?utm_source=rss_feed https://www.scmp.com/business/companies/article/2079101/power-tools-giant-techtronic-ready-make-more-us-if-trump-raises?utm_source=rss_feed Wed, 15 Mar 2017 08:32:03 +0000 German-born Horst Julius Pudwill arrived in Hong Kong in 1971 – and never left. “I liked Hong Kong instantly, it was a vibrant city, even at that time,” the founder of Techtronic Industries (TTI) tells the Post from his spacious Wan Chai office, decorated with art from around the world, including a piece by American artist Andy Warhol. “Hong Kong is relatively as it was; everything is vibrant and fast.” Now 71, Pudwill knows all about speed. His power tool company has been growing fast, hitting... https://www.scmp.com/business/article/2049262/techtronic-small-time-tool-maker-powerful-global-leader?utm_source=rss_feed https://www.scmp.com/business/article/2049262/techtronic-small-time-tool-maker-powerful-global-leader?utm_source=rss_feed Thu, 01 Dec 2016 14:19:07 +0000 Power tools giant Techtronic Industries (TTI) plans to ramp up expansion at its manufacturing base on the Chinese mainland to meet rising global demand for its products, following record-high earnings in the first half of this year. “We have a large – more than two million sq ft – manufacturing facility in China that we’re expanding, and we’re investing like crazy,” TTI chief executive Joseph Galli Jnr told the South China Morning Post on Thursday, a day after the company announced its interim... https://www.scmp.com/tech/enterprises/article/2005690/techtronic-industries-power-plant-expansion-china-back-record-first?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2005690/techtronic-industries-power-plant-expansion-china-back-record-first?utm_source=rss_feed Thu, 18 Aug 2016 09:52:00 +0000 Buying rose for a fourth week while selling among directors fell for a second week, based on filings on the Hong Kong exchange last week. A total of 32 companies recorded 124 purchases worth HK$147 million, compared with nine firms with 38 disposals worth HK$58 million. The number of companies and trades on the buy side were up from the previous week's 24 firms and 95 deals. The value, however, fell sharply from HK$493 million. Sales were down from 16 companies, 44 deals and HK$75 million. The... https://www.scmp.com/business/money/money-news/article/1548251/techtronic-luk-fook-bosses-boost-stakes-share-prices?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/1548251/techtronic-luk-fook-bosses-boost-stakes-share-prices?utm_source=rss_feed Sun, 06 Jul 2014 21:30:30 +0000 In the 1,500 sq ft showroom at Techtronic Industries' headquarters in Tsuen Wan, Stephan Pudwill plays with the latest men's toys - cordless power tools such as hedge trimmers, mowers and chainsaws - and cleans the carpet with arguably the world's lightest vacuum cleaner. President of strategic planning at the family business his father Horst, co-founded 29 years ago, Pudwill, flanked by the firm's finance chief and corporate spin doctors throughout the interview, repeatedly mentioned "new... https://www.scmp.com/business/companies/article/1502386/new-products-key-techtronics-future-says-founders-son?utm_source=rss_feed https://www.scmp.com/business/companies/article/1502386/new-products-key-techtronics-future-says-founders-son?utm_source=rss_feed Fri, 02 May 2014 03:30:30 +0000 Rising costs and the appreciation of the yuan are driving some manufacturers out of the Pearl River Delta, but Techtronic Industries is defying the trend. The drill and power-tool maker has been building up its production base in Dongguan over the past three years despite the surge of some 77 per cent in wage costs in the area, and a 10 per cent appreciation of the yuan against the United States dollar. Net profit for last year more than tripled from 2009 earnings to US$3.85 billion, on revenues... https://www.scmp.com/business/companies/article/1278233/innovation-spares-techtronic-delta-pain?utm_source=rss_feed https://www.scmp.com/business/companies/article/1278233/innovation-spares-techtronic-delta-pain?utm_source=rss_feed Mon, 08 Jul 2013 16:00:00 +0000 Techtronic Industries, a Hong Kong-based global power equipment and floor care company, aims to double sales in five years in a recovering US economy. "Encouraging signs of demand in the US new residential construction sector and the oil, gas and energy industry signal a rebound in the US economy and will drive the development of infrastructure," Techtronic chief executive Joseph Galli said. The firm yesterday announced record sales and profits for last year. Group sales for the year rose 5.1... https://www.scmp.com/business/companies/article/1197557/us-recovery-power-doubling-techtronics-sales?utm_source=rss_feed https://www.scmp.com/business/companies/article/1197557/us-recovery-power-doubling-techtronics-sales?utm_source=rss_feed Fri, 22 Mar 2013 16:00:00 +0000