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04 Feb Star Chinese fund manager Wang Yawei no longer involved in daily management of Qianhe Capital

Posted at 10:51h in Asia

Wang Yawei, one of China’s most prominent fund managers, has moved out of daily management at the investment firm he founded, citing “personal reasons”, according to a statement published on its website over the weekend.Speculation has been swirling on social media that Wang, 52, has...

02 Feb Tencent, NetEase lift Hong Kong stocks to biggest gain in a week on games approval, as Li Auto leads EV surge on deliveries

Posted at 02:23h in Asia

Hong Kong stocks climbed by the most in a week after China approved a new batch of online video games in a sign the government is softening its stance on the industry. Li Auto led a jump in electric-vehicle makers amid robust sales in...

01 Feb Hong Kong stocks waver near 1-week low as Fed damps March rate-cut bets, Alibaba, Tencent rebound while developers slip

Posted at 02:37h in Asia

Hong Kong stocks wavered near a one-week low after the Federal Reserve left its target rate unchanged and pushed back expectations for a reduction in March, offering no early relief for property developers.The Hang Seng Index rose less than 0.1 per cent to 15,491.89...

31 Jan Hong Kong stocks set for worst month since August as China manufacturing extends slump, Fed to offer no early relief

Posted at 02:39h in Asia

Hong Kong stocks set for worst month since August as China manufacturing extends slump, Fed to offer no early reliefHong Kong stocks were headed for the worst performance in five months after China’s manufacturing shrank in January, underlining the lack of stimulus to spur...

30 Jan Hong Kong stocks slip in worst January since 2016 on BYD earnings miss, weak China manufacturing outlook

Posted at 02:44h in Asia

Hong Kong stocks dropped, with the benchmark index heading for the worst January since 2016, amid renewed concerns about corporate earnings and China’s economic recovery outlook. EV maker BYD slumped after profits trailed market consensus.The Hang Seng Index fell 1.8 per cent to 15,794.32...

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...

19 Jan China stocks rout exposes risk from US$30 billion of little-known leveraged ‘snowball’ derivatives

Posted at 07:45h in Asia

Snowball products have been gaining popularity among investors seeking high-yielding assets. As long as the underlying indices the products track trade above the predetermined level set in the prospectus, holders are paid bond-like coupons, typically around 10 per cent annually. But if the products breach...

19 Jan Hong Kong stocks rise for second day, trimming weekly loss with AIA, SMIC, BYD posting gains on valuation appeal

Posted at 02:32h in Asia

Stocks in Hong Kong rebounded for a second day as traders deemed the market’s slump this week to the lowest level in 14 months as excessive. Some valuation measures reached near all-time lows.The Hang Seng Index climbed 0.6 per cent to 15,483.85 as of...

18 Jan Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessive

Posted at 03:05h in Asia

Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessiveHong Kong stocks rebounded on speculation a four-day rout in the city’s benchmark index was excessive. A technical indicator indicated the market was oversold and due for a reversal.The Hang Seng...

17 Jan Alibaba, HSBC, Longfor drag Hong Kong stocks to 14-month low as China’s growth trails forecasts, home prices fall by most since 2015

Posted at 02:39h in Asia

Hong Kong stocks slumped to the lowest in more than 14 months after a government report on growth in China’s economy trailed market consensus and home prices slipped. Fund managers are trimming their allocations on Chinese companies, with policymakers hobbled by inadequate monetary stimulus.The...

China stocks Tag