China’s exports declined 3.5 per cent in March compared with March 2019, while imports rose 2.4 per cent. Economists had predicted a 12.8 per cent decline in exports and a 7 per cent fall in imports, according to Bloomberg.
“China and Hong Kong equity markets were perhaps lucky to have fallen only this far,” said Brock Silvers, managing director of Adamas Asset Management in Hong Kong.
China manufacturing slumps for sixth straight month; Shanghai declines for third straight day.
China social media and gaming giant Tencent finished down 0.3 per cent at HK$319 -- below HK$320, which has been a key resistance level for it this year
Cathay Pacific said it saw a 38 per cent fall in the number of inbound passengers in September
China stocks close ahead, with shipping stocks getting boost from report China will ask US to lift sanctions on COSCO.
Sun Hung Kai Properties and Wharf Real Estate Investment both fell by as much as 2.6 per cent
Crystal Ball: Some property stocks are oversold, and will rebound next week, predicts trading pro Alex Wong
Shanghai Composite starts the new month with a 0.8 per cent loss, pushed down by consumption and financial stocks. The Hang Seng ends down for second straight day.
The Hong Kong Observatory raised its Typhoon signal to No 8, and stock trading stopped at 1:55. The Hang Seng Index fell 1.3 per cent in the day.
Shanghai, Hang Seng inch up; state-owned carmaker BAIC jumps on Daimler stake acquisition
Shanghai ends ahead for first time in four days. Hang Seng posts 1 per cent gain.
Pharmaceutical stocks jump in Hong Kong after a media report saying the nationwide expansion of a programme to try to keep a lid on drug prices will be more moderate than the industry feared.
Promising morning rallies in Hong Kong, Shanghai benchmarks lose steam as day wears on. In Shanghai, traders are still worried the coming hot tech board is siphoning off money and will hurt share prices in the broader market.
Bank stocks tumble after news report that they are in possible breach of US sanctions against North Korea. The three Chinese banks spotlighted denied the allegations.
Local markets like what they heard from the US Federal Reserve. Overnight, its chairman sent signals it is open to cutting its key rate, if needed.
5G-linked China stocks surge on news of coming licenses
Hard liquor stocks toast positive sales outlook
Chinese markets could be experiencing the biggest monthly outflow of foreign capital ever
Alibaba, Tencent to report earnings tonight
We've got you covered. Catch up on the big moves of the day in the Hong Kong and mainland stock markets.
Hopu Investment may be looking at stake in Gree, Chinese media report