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Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
- The Shanghai Composite retreated 1.5 per cent, or 45.94 points, to 2,997.10 at the close, extending a 2 per cent slump on Monday. Hong Kong’s Hang Seng Index rose 0.2 per cent
China Vanke was a big loser, while BAIC Motor raced up 6.4 per cent
China Vanke was a big loser, while BAIC Motor raced up 6.4 per cent
Asian stock markets plunged on Monday, with benchmark indices declining from Seoul to Sydney, after the Dow Jones Industrial Average plunged on Friday.
Asian stock markets plunged on Monday, with benchmark indices declining from Seoul to Sydney, after the Dow Jones Industrial Average plunged on Friday.
Hong Kong and Shanghai shares were knocked for a 2 per cent loss on Monday, dragged by concerns that the US economy may be sliding towards recession.
Hong Kong and Shanghai shares were knocked for a 2 per cent loss on Monday, dragged by concerns that the US economy may be sliding towards recession.
The Shanghai Composite Index added 0.1 per cent, or 2.69 points, to 3,104.15 at the close, adding to a 2.7 per cent gain this week.
The Shanghai Composite Index added 0.1 per cent, or 2.69 points, to 3,104.15 at the close, adding to a 2.7 per cent gain this week.
Candidates for the consultative panel include Neil Shen Nanpeng, founder and managing partner of Sequoia Capital China. CEOs Zhang Lei of Hillhouse Capital and Bao Fan of China Renaissance also are on the list.
Candidates for the consultative panel include Neil Shen Nanpeng, founder and managing partner of Sequoia Capital China. CEOs Zhang Lei of Hillhouse Capital and Bao Fan of China Renaissance also are on the list.
The US Federal Reserve brought its three-year drive to tighten monetary policy to an abrupt end, with the Hong Kong dollar jumping to its strongest level in six weeks.
The US Federal Reserve brought its three-year drive to tighten monetary policy to an abrupt end, with the Hong Kong dollar jumping to its strongest level in six weeks.
A world-beating rally in mainland Chinese stocks stuttered on Wednesday, as traders offloaded holdings in agricultural companies, one of this year’s best-performing sectors, to lock in profits.
A world-beating rally in mainland Chinese stocks stuttered on Wednesday, as traders offloaded holdings in agricultural companies, one of this year’s best-performing sectors, to lock in profits.
The investment bank’s 2018 profit was up 15.8 per cent from a year earlier to US$67.3 million, below estimates of US$68.02 million in a Bloomberg poll
The investment bank’s 2018 profit was up 15.8 per cent from a year earlier to US$67.3 million, below estimates of US$68.02 million in a Bloomberg poll
The four new reactors will adopt China’s domestically developed Hualong third generation nuclear reactor design, an official statement says.
The four new reactors will adopt China’s domestically developed Hualong third generation nuclear reactor design, an official statement says.
The Hong Kong Monetary Authority has spent nearly US$1 billion this month to prop up the local currency, keeping it within a trading band against the US dollar
The Hong Kong Monetary Authority has spent nearly US$1 billion this month to prop up the local currency, keeping it within a trading band against the US dollar
Big shareholders of mainland traded companies have been cashing in on the huge run-up in Chinese shares this year.
Big shareholders of mainland traded companies have been cashing in on the huge run-up in Chinese shares this year.
No 2 US ride-hailing giant is offering 30.8 million shares at US$62 to US$68 each
No 2 US ride-hailing giant is offering 30.8 million shares at US$62 to US$68 each
Proposals under study include lowering trading costs and adding some small companies to stock connect schemes
Proposals under study include lowering trading costs and adding some small companies to stock connect schemes
Equities rose in Hong Kong and China on Monday, as investors await the introduction of a bidding process that will allow technology start-ups to raise capital in Shanghai, another step in the liberalisation of China’s equity markets.
Equities rose in Hong Kong and China on Monday, as investors await the introduction of a bidding process that will allow technology start-ups to raise capital in Shanghai, another step in the liberalisation of China’s equity markets.
Massive casualties in Ethiopian Airlines crash follows deadly Lion Air crash in Indonesia last October
Massive casualties in Ethiopian Airlines crash follows deadly Lion Air crash in Indonesia last October
Foreign investment could hit US$100 billion this year, as global funds increase A-share buying.
Foreign investment could hit US$100 billion this year, as global funds increase A-share buying.
The Yangon Stock Exchange is home to only five companies, updating prices just four times a day
The Yangon Stock Exchange is home to only five companies, updating prices just four times a day
China’s internet and technology sector is a bubble waiting to burst, according to an annual Asia-Pacific private equity report for 2019 released by Boston-based global management consultancy Bain & Company on Friday.
China’s internet and technology sector is a bubble waiting to burst, according to an annual Asia-Pacific private equity report for 2019 released by Boston-based global management consultancy Bain & Company on Friday.
Cifi Holdings expects China home prices to accelerate in the second half, while Guangzhou and Heze among mainland cities that have already begun unwinding property-cooling measures.
Cifi Holdings expects China home prices to accelerate in the second half, while Guangzhou and Heze among mainland cities that have already begun unwinding property-cooling measures.
China Securities Regulatory Commission bans brokerages from cooperating with outside funding platforms
China Securities Regulatory Commission bans brokerages from cooperating with outside funding platforms
An aggregate measure of China’s market sentiment now stands at 51 per cent, far from a reading of 80 per cent that could trigger a meltdown, says Morgan Stanley
An aggregate measure of China’s market sentiment now stands at 51 per cent, far from a reading of 80 per cent that could trigger a meltdown, says Morgan Stanley
Stock dropped 7 per cent to US$374 in midday trading, adding to 5 per cent decline on previous day.
Stock dropped 7 per cent to US$374 in midday trading, adding to 5 per cent decline on previous day.
Bourses on both sides have become increasingly interconnected as Hong Kong seeks to play global role.
Bourses on both sides have become increasingly interconnected as Hong Kong seeks to play global role.
China, Indonesia and Ethiopia have grounded the 737 MAX 8 aircraft, which was involved in both crashes, and other carriers have signalled they may follow suit.
China, Indonesia and Ethiopia have grounded the 737 MAX 8 aircraft, which was involved in both crashes, and other carriers have signalled they may follow suit.