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Live updates of the equity markets of Shanghai, Shenzhen and Hong Kong, including the latest buzz, policy ramification, analyst comment, recommendation about the biggest market movers, gainers and losers.
- The Hang Seng Index slid 1.1 per cent to 30,319.83 on Monday as tech stocks as a group plunged by most since mid-November
- HSBC advanced 2.1 per cent on dividend hopes as a rally in banking stocks softened market sell-off
Hong Kong stock bulls drove the city’s benchmark index to close above 30,000 points for the first time since May 2019. Tencent added US$93.5 billion in market value, taking it within 5.5 per cent of surpassing US$1 trillion.
Hong Kong stock bulls drove the city’s benchmark index to close above 30,000 points for the first time since May 2019. Tencent added US$93.5 billion in market value, taking it within 5.5 per cent of surpassing US$1 trillion.
Hong Kong markets slumped by the most since November after attempts at 30,000 level hit two barriers. Some Hang Seng Index members signalled ‘overheated’ buying while mainland funds drastically trimmed their purchases.
Hong Kong markets slumped by the most since November after attempts at 30,000 level hit two barriers. Some Hang Seng Index members signalled ‘overheated’ buying while mainland funds drastically trimmed their purchases.
The Hang Seng Index rose 1 per cent to 28,862.77 on Monday, extending its best start to the year in a decade. The Shanghai Composite Index also added 0.8 per cent.
The Hang Seng Index rose 1 per cent to 28,862.77 on Monday, extending its best start to the year in a decade. The Shanghai Composite Index also added 0.8 per cent.
Hong Kong stocks advanced as telecoms stocks and tech firms lifted the benchmark index to its best start to a year since 2018. Mainland funds were seen aiding a rebound in Chinese telecoms giants.
Hong Kong stocks advanced as telecoms stocks and tech firms lifted the benchmark index to its best start to a year since 2018. Mainland funds were seen aiding a rebound in Chinese telecoms giants.
Investors chased equities in mainland China and Hong Kong in 2020, turning a combination of crises from pandemic to social unrest into a remarkable year for technology, auto and liquor stocks.
Investors chased equities in mainland China and Hong Kong in 2020, turning a combination of crises from pandemic to social unrest into a remarkable year for technology, auto and liquor stocks.
Hong Kong stocks post losses on Monday as China promises countermeasures against the US decision to add more companies to its trade blacklist, including chip maker SMIC and drone maker SZ DJI Technology. Mainland stocks rallied.
Hong Kong stocks post losses on Monday as China promises countermeasures against the US decision to add more companies to its trade blacklist, including chip maker SMIC and drone maker SZ DJI Technology. Mainland stocks rallied.
An index of 30 companies with the best environmental, social and corporate governance (ESG) ratings listed in Hong Kong has consistently underperformed this year, declining by about 7.5 per cent year to date.
An index of 30 companies with the best environmental, social and corporate governance (ESG) ratings listed in Hong Kong has consistently underperformed this year, declining by about 7.5 per cent year to date.
Hong Kong stocks ended the week lower after the Trump administration added four more Chinese companies to a blacklist. China stocks, on the other hand, were in a ‘soft bull cycle’ and recorded a third week of gains.
Hong Kong stocks ended the week lower after the Trump administration added four more Chinese companies to a blacklist. China stocks, on the other hand, were in a ‘soft bull cycle’ and recorded a third week of gains.
The Hang Seng Index fell by the most in six weeks on potential new US sanctions against Chinese oil giants and a worrying jump in local Covid-19 infections. CNOOC crashes by 14 per cent, the most in almost nine months.
The Hang Seng Index fell by the most in six weeks on potential new US sanctions against Chinese oil giants and a worrying jump in local Covid-19 infections. CNOOC crashes by 14 per cent, the most in almost nine months.
Hong Kong eked out a tiny gain as a flare-up in Covid-19 cases kept optimism in check. Chinese stocks reached a three-month high after the government warned of zero-tolerance approach to debt defaults.
Hong Kong eked out a tiny gain as a flare-up in Covid-19 cases kept optimism in check. Chinese stocks reached a three-month high after the government warned of zero-tolerance approach to debt defaults.
Geely Auto surged to a level not seen since June 2018, lifting the Hang Seng Index to an eight-month high. The market has rallied 10 per cent this month, aided by Covid-19 vaccine news.
Geely Auto surged to a level not seen since June 2018, lifting the Hang Seng Index to an eight-month high. The market has rallied 10 per cent this month, aided by Covid-19 vaccine news.
Hong Kong stocks advance after 15 Asia-Pacific nations agreed to a regional trade cooperation. Investors also load up Meituan, Anta and Budweiser shares ahead of their inclusion as Hang Seng Index constituents.
Hong Kong stocks advance after 15 Asia-Pacific nations agreed to a regional trade cooperation. Investors also load up Meituan, Anta and Budweiser shares ahead of their inclusion as Hang Seng Index constituents.
China stocks declined while the Hang Seng Index saw a late rebound amid market volatility and US stimulus impasse before the November 3 presidential election. Cathay Pacific surrendered all of Wednesday’s gain.
China stocks declined while the Hang Seng Index saw a late rebound amid market volatility and US stimulus impasse before the November 3 presidential election. Cathay Pacific surrendered all of Wednesday’s gain.
Financial and technology stocks pace gainers in Hong Kong as investors bet on fund inflows. Mainland Chinese stocks enjoy a bounce, helped by economic recovery signs. Tencent slumps amid heightened US actions.
Financial and technology stocks pace gainers in Hong Kong as investors bet on fund inflows. Mainland Chinese stocks enjoy a bounce, helped by economic recovery signs. Tencent slumps amid heightened US actions.
Equity markets were bolstered by a jump in money supply in August, which underscored the pickup in economic activity in China, the first major global economy to exit from coronavirus lockdowns.
Equity markets were bolstered by a jump in money supply in August, which underscored the pickup in economic activity in China, the first major global economy to exit from coronavirus lockdowns.
The markets in Hong Kong and China swung to declines at the close on Thursday, with caution about a market rebound prevailing over early optimism over recent and upcoming IPOs and gains made by US stocks overnight.
The markets in Hong Kong and China swung to declines at the close on Thursday, with caution about a market rebound prevailing over early optimism over recent and upcoming IPOs and gains made by US stocks overnight.
The Hang Seng Index dropped 0.6 per cent to 24,468.93 at the close on Wednesday. The Shanghai Composite Index, meanwhile, ended the day 1.9 per cent lower at 3,254.63.
The Hang Seng Index dropped 0.6 per cent to 24,468.93 at the close on Wednesday. The Shanghai Composite Index, meanwhile, ended the day 1.9 per cent lower at 3,254.63.
The Hong Kong and China stock markets were dragged down by technology stocks on Monday, with top Chinese semiconductor producer SMIC falling by as much as 23 per cent after the Trump administration said last week it might blacklist the company.
The Hong Kong and China stock markets were dragged down by technology stocks on Monday, with top Chinese semiconductor producer SMIC falling by as much as 23 per cent after the Trump administration said last week it might blacklist the company.
Financial and property stocks weigh on the Hang Seng Index as Hong Kong prepares for more Covid-19 cases. Aerospace stocks power the Shanghai bourse, adding to its best gain in 17 months in July.
Financial and property stocks weigh on the Hang Seng Index as Hong Kong prepares for more Covid-19 cases. Aerospace stocks power the Shanghai bourse, adding to its best gain in 17 months in July.
Data continues to point to steady recovery in China, boosting investor sentiment. The Hang Seng Index is on track for its third session of gains this week. The Shanghai Composite Index recorded a 5.8 per cent gain this week, which was its third-straight weekly advance.
Data continues to point to steady recovery in China, boosting investor sentiment. The Hang Seng Index is on track for its third session of gains this week. The Shanghai Composite Index recorded a 5.8 per cent gain this week, which was its third-straight weekly advance.
The Caixin/Markit Purchasing Managers' Indexes (PMI), a gauge indicating factory output of smaller private companies, was 51.2 in June, stronger than the 50.5 market expectation and its best reading since December. It was the latest sign that China’s economy is slowly recovering.
The Caixin/Markit Purchasing Managers' Indexes (PMI), a gauge indicating factory output of smaller private companies, was 51.2 in June, stronger than the 50.5 market expectation and its best reading since December. It was the latest sign that China’s economy is slowly recovering.
Traders are weighing hopeful feelings – economic recovery, lots of liquidity and an eventual vaccine – against scary ones – rising US-China tensions and virus outbreaks in the US and elsewhere.
Traders are weighing hopeful feelings – economic recovery, lots of liquidity and an eventual vaccine – against scary ones – rising US-China tensions and virus outbreaks in the US and elsewhere.
Cathay Pacific’s route to recovery after the coronavirus devastated the global airline industry could still be bumpy, analysts say. Shares soared at the open, but lost altitude quickly.
Cathay Pacific’s route to recovery after the coronavirus devastated the global airline industry could still be bumpy, analysts say. Shares soared at the open, but lost altitude quickly.
Hong Kong stocks gained for the second week as excitement is building over the coming two big secondary listings of JD.com and NetEase. But there is also much uncertainty, from the coronavirus to US-China tensions.
Hong Kong stocks gained for the second week as excitement is building over the coming two big secondary listings of JD.com and NetEase. But there is also much uncertainty, from the coronavirus to US-China tensions.
Important note: Starting Wednesday, we will move from the Live Blog format to a more traditional article form that is updated regularly and contains the best of the elements of the Blog -- ratings changes, hot and cold stocks, IPOs, analyst commentary, charts, etc. Your newsletter will be renamed "Markets Today," and will come to you with the nuts and bolts of what you need to know each trading morning. See more details inside.
Important note: Starting Wednesday, we will move from the Live Blog format to a more traditional article form that is updated regularly and contains the best of the elements of the Blog -- ratings changes, hot and cold stocks, IPOs, analyst commentary, charts, etc. Your newsletter will be renamed "Markets Today," and will come to you with the nuts and bolts of what you need to know each trading morning. See more details inside.
Movie-related stocks jump as cinemas reopen in China and Hong Kong. Sunny Optical, Alibaba, Tencent also have great days.
Movie-related stocks jump as cinemas reopen in China and Hong Kong. Sunny Optical, Alibaba, Tencent also have great days.
Kweichow Moutai stayed above 1,300 yuan for a third day. The Hang Seng Index ended with a weekly loss after Monday's rout.
Kweichow Moutai stayed above 1,300 yuan for a third day. The Hang Seng Index ended with a weekly loss after Monday's rout.
Budweiser APAC posts painful net loss of US$41 million in first quarter. Coronavirus triggers China's weakest corporate earnings in a decade.
Budweiser APAC posts painful net loss of US$41 million in first quarter. Coronavirus triggers China's weakest corporate earnings in a decade.
Hong Kong investors piled into China’s largest chip maker -- Semiconductor Manufacturing International Corp (SMIC) -- on news it is planning an A-share listing in the mainland. They also bought up new economy stocks and smartphone parts makers.
Hong Kong investors piled into China’s largest chip maker -- Semiconductor Manufacturing International Corp (SMIC) -- on news it is planning an A-share listing in the mainland. They also bought up new economy stocks and smartphone parts makers.