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Baijiu is a liquor (the word means white liquor) distilled in China that is sought after for official banquets and for gifts. Kweichow Moutai is probably the best known baijiu. Sales of the potent white spirit have risen in recent years, powered by a boom in the luxury market in China.
- Liquor giant Kweichow Moutai jumps 3.6 per cent
- AAC Technologies soars 9 per cent on expectations of high Apple iPhone sales
Apple supplier AAC Technologies (2018 HK) shoots up 9 per cent, while Alibaba (9988 HK) climbs 2.8 per cent. In China, Kweichow Moutai jumps 3.6 per cent.
Apple supplier AAC Technologies (2018 HK) shoots up 9 per cent, while Alibaba (9988 HK) climbs 2.8 per cent. In China, Kweichow Moutai jumps 3.6 per cent.
“The market remains highly uncertain,” said Kenny Wen, wealth management strategist at Everbright Sun Hung Kai. “The market is still waiting for further information on the trade deal.”
“The market remains highly uncertain,” said Kenny Wen, wealth management strategist at Everbright Sun Hung Kai. “The market is still waiting for further information on the trade deal.”
US President Donald Trump says he has no deadline for getting a partial trade deal completed with China. “I just tell you, in some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we’ll see whether or not the deal is going to be right"
US President Donald Trump says he has no deadline for getting a partial trade deal completed with China. “I just tell you, in some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we’ll see whether or not the deal is going to be right"
Traders are worried that Beijing’s anger over US legislation supporting Hong Kong protesters and condemning alleged abuse of Muslim minorities in northwest China threatens the US-China trade talks under way.
Traders are worried that Beijing’s anger over US legislation supporting Hong Kong protesters and condemning alleged abuse of Muslim minorities in northwest China threatens the US-China trade talks under way.
Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.
Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.
Concern about whether even a partial trade deal can be worked out between the world’s two largest economies was offset by economic data showing manufacturing expanded in November.
Concern about whether even a partial trade deal can be worked out between the world’s two largest economies was offset by economic data showing manufacturing expanded in November.
Alibaba (9988 HK) falls for first time since it started trading in Hong Kong on Tuesday.
Alibaba (9988 HK) falls for first time since it started trading in Hong Kong on Tuesday.
Alibaba (9988 HK) gained 5.6 per cent in its third day of trading, after news it is being fast tracked onto a broad version of Hong Kong’s benchmark stock index. That boosted hopes it will be added to the trading link between Hong Kong and mainland markets sooner than had been expected.
Alibaba (9988 HK) gained 5.6 per cent in its third day of trading, after news it is being fast tracked onto a broad version of Hong Kong’s benchmark stock index. That boosted hopes it will be added to the trading link between Hong Kong and mainland markets sooner than had been expected.
Author Derek Sandhaus examines the country’s long history and present relationship with alcohol.
Author Derek Sandhaus examines the country’s long history and present relationship with alcohol.
Alibaba finishes second day of trading with a nearly 3 per cent gain. MTR sees biggest gain since city leader Carrie Lam withdrew extradition bill that sparked ongoing protests.
Alibaba finishes second day of trading with a nearly 3 per cent gain. MTR sees biggest gain since city leader Carrie Lam withdrew extradition bill that sparked ongoing protests.
“We are seeing conflicting noise in the market,” said Ken Wong, a portfolio manager specialising on China at Eastspring Investments, referring to uncertainty about the pro-democracy bill in the US and its potential impact on trade talks.
“We are seeing conflicting noise in the market,” said Ken Wong, a portfolio manager specialising on China at Eastspring Investments, referring to uncertainty about the pro-democracy bill in the US and its potential impact on trade talks.
Meituan Dianping jumps on Q3 revenue beat; Kasen International soars nearly 500 per cent after rebuttal to short seller attack.
Meituan Dianping jumps on Q3 revenue beat; Kasen International soars nearly 500 per cent after rebuttal to short seller attack.
Donald Trump reportedly will sign legislation supporting Hong Kong protesters. That could upend progress on phase one US-China trade deal.
Donald Trump reportedly will sign legislation supporting Hong Kong protesters. That could upend progress on phase one US-China trade deal.
Stocks Blog: "Stocks fell in Hong Kong today on worries about escalating violence in the city and whether the US and China can reach even a partial trade deal," says Kenny Wen, wealth management strategist at Everbright Sun Hung Kai.
Stocks Blog: "Stocks fell in Hong Kong today on worries about escalating violence in the city and whether the US and China can reach even a partial trade deal," says Kenny Wen, wealth management strategist at Everbright Sun Hung Kai.
Alibaba seeing strong interest in orders for its US$13.9 billion Hong Kong secondary listing. China indexes close with biggest percentage gain in two weeks.
Alibaba seeing strong interest in orders for its US$13.9 billion Hong Kong secondary listing. China indexes close with biggest percentage gain in two weeks.
Protesters are testing out a new strategy of "weekday violence," including today in the Central business district and on campuses. The escalating violence is weighing down shares of retailers and property developers.
Protesters are testing out a new strategy of "weekday violence," including today in the Central business district and on campuses. The escalating violence is weighing down shares of retailers and property developers.
Swire Pacific falls after saying it expects to post a lower recurring profit for this year.
Swire Pacific falls after saying it expects to post a lower recurring profit for this year.
Hong Kong market closes at fresh three-month high
Hong Kong market closes at fresh three-month high
Chinese listed companies’ profits increased in first nine months, exchanges say
Chinese listed companies’ profits increased in first nine months, exchanges say
China manufacturing slumps for sixth straight month; Shanghai declines for third straight day.
China manufacturing slumps for sixth straight month; Shanghai declines for third straight day.
BYD's near-term outlook to 'remain challenging,' Daiwa Capital analysts say.
BYD's near-term outlook to 'remain challenging,' Daiwa Capital analysts say.
Forty-three per cent of the 1,309 companies that have issued earnings guidance for the third quarter expect a decline in net profit
Forty-three per cent of the 1,309 companies that have issued earnings guidance for the third quarter expect a decline in net profit
Kweichow Moutai may have reported a slowdown in earnings for three consecutive quarters but that has not stopped brokerages from raising their target price for China’s most favoured stock.
Kweichow Moutai may have reported a slowdown in earnings for three consecutive quarters but that has not stopped brokerages from raising their target price for China’s most favoured stock.
The big winner of the day was 360 Ludashi, a Chinese software developer, which closed up more than 200 per cent in its trading debut in Hong Kong.
The big winner of the day was 360 Ludashi, a Chinese software developer, which closed up more than 200 per cent in its trading debut in Hong Kong.
Although stocks rose there are hardly any drivers to lift the Hong Kong and China markets any higher, said Louis Wong Wai-kit, director of Phillip Capital Management.
Although stocks rose there are hardly any drivers to lift the Hong Kong and China markets any higher, said Louis Wong Wai-kit, director of Phillip Capital Management.
The Hang Seng Index fell 3.4 per cent for the week as the fallout from the protests hurts corporate earnings.
The Hang Seng Index fell 3.4 per cent for the week as the fallout from the protests hurts corporate earnings.
Mainland tourists won't return to Hong Kong any time soon, warns VC Asset's Tse
Mainland tourists won't return to Hong Kong any time soon, warns VC Asset's Tse
Hong Kong’s ‘unwise policies’ fuelled protests, Hang Lung Properties chairman says
Hong Kong’s ‘unwise policies’ fuelled protests, Hang Lung Properties chairman says
The Shanghai Composite closes at a 10-week high on improved sentiment, but Hong Kong's Hang Seng Index finishes the day down a bit.
The Shanghai Composite closes at a 10-week high on improved sentiment, but Hong Kong's Hang Seng Index finishes the day down a bit.