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29 Jan China’s stimulus lifts stock markets in short-lived rally as geopolitical, economic and policy risks weigh

Posted at 23:30h in Asia

China’s efforts to support stocks in Shanghai, Shenzhen and Hong Kong has triggered a US$689 billion gain in market valuation last week following 2023’s brutal sell-off. This recovery may not be a long-lasting one as policymakers are still faced with the challenging task of attracting...

26 Jan Tencent, Alibaba, Meituan pace declines as Hong Kong stocks’ 3-day rally cut short on long-term China growth concerns

Posted at 02:32h in Asia

Hong Kong stocks fell on Friday, snapping three days of gains, as initial optimism over China’s rescue measures fizzled out.The Hang Seng Index declined 0.4 per cent to 16,150.47 at 10.50am local time, after rallying 8.4 per cent over the preceding three days. The...

25 Jan China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

Posted at 23:30h in Asia

China’s economy will show gradual improvement in 2024, propelled by manufacturing and consumption, rather than property and local government financing, amid a structural shift towards high-quality growth drivers, Peiqian Liu, Asia Economist at Fidelity International, said at a media briefing on Thursday.“Tourism, entertainment, culture, and...

25 Jan Opinion | China’s economic loss is not necessarily Japan’s gain

Posted at 21:30h in Asia

The starkly diverging fortunes of the region’s two biggest equity markets are redrawing the investment landscape in Asia. By the end of last week, a staggering US$6.3 trillion – about the current market capitalisation of the Shanghai bourse – had been wiped off the value...

25 Jan China’s market stabilising measures ‘steps in the right direction’ to end slump, UK fund manager abrdn says

Posted at 04:06h in Asia

China’s latest efforts to prop up the stock market are set to lift investor confidence and stock valuations, according to UK asset manager abrdn. More policy consistency from the top leadership over time could help restore stability after a slump this month.The central bank’s unexpected...

25 Jan Hong Kong stocks set for third winning day as China signals more support after US$140 billion liquidity plan to lift confidence

Posted at 02:44h in Asia

Hong Kong stocks climbed for a third day from a 15-month low, after China ramped up economic measures to calm investors, following a market rout triggered by disappointment over its policy inertia.The Hang Seng Index added 0.3 per cent to 15,939.22 at 9.55am local...

24 Jan Hong Kong stocks extend rebound as Alibaba jumps 5% on insider buying, China vows more support to calm market

Posted at 02:40h in Asia

Hong Kong stocks rose for a second day to a one-week high, fuelled by the biggest gain in Alibaba Group in two months, amid speculation about corporate insider buying. China’s securities regulator added to the verbal support for the local financial markets.The Hang Seng...

23 Jan ‘Big mistakes’: Singapore hedge fund to shut after investors flee on wrong-way bets on China, Japan stock markets

Posted at 03:35h in Asia

Singapore hedge fund Asia Genesis Asset Management is closing down its flagship macro hedge fund as investors bolted after its managers made “big mistakes” and lost confidence following wrong-way bets on Chinese and Japanese stocks.The fund said it would return money to investors as it...

23 Jan Hong Kong stocks rebound from 15-month low as China’s Premier Li Qiang signals measures to halt US$1 trillion market rout

Posted at 01:59h in Asia

Stocks in Hong Kong jumped from near a 15-month low after a US$1 trillion slump in value of Chinese stocks this month prompted Premier Li Qiang to call for “forceful” measures to stabilise the market.The Hang Seng Index surged 1.1 per cent to 15,125.38...

22 Jan Hong Kong stocks extend slide to approach 15-month low as China banks hold lending rates, snubbing easing bets

Posted at 02:52h in Asia

Hong Kong stocks declined to near a 15-month low following a three-week rout, after China kept lending rates tied to mortgages unchanged, disappointing investors betting on measures to prop up the economy.The Hang Seng Index slipped 1.1 per cent to 15,135.36 at 10am local...

China economy Tag