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15 Apr Hong Kong stocks slump to 3-week lows on Middle East tensions, mood cautious ahead of China data dump

Posted at 02:37h in Asia

Hong Kong stocks declined to three week-lows as rising geopolitical tensions dealt a further setback to investor sentiment already rattled by last week’s export data shock. The mood has also turned defensive ahead of economic data due to be released during the week, including first...

12 Apr Hong Kong stocks fall tripped by yuan’s weakness, but gold stocks rise after bullion posts record high

Posted at 02:46h in Asia

Hong Kong stocks dropped for a second day pressured by weakness in the Chinese yuan currency which hovered around a five-month low. Investors are also cautious awaiting trade data which is expected to show a contraction in exports from the world’s second-largest economy.The Hang Seng...

11 Apr Hong Kong stocks tumble on China deflation concerns, reduced US rate cut expectations

Posted at 02:49h in Asia

Hong Kong stocks slid from a four-month high, as China’s sluggish inflation data suggested weak domestic demand and as investor expectations of US interest rate cut were dealt a blow by surging consumer prices.The Hang Seng Index fell 1.3 per cent to 16,925.09 as of...

10 Apr Hong Kong stocks rise to four-week highs as corporate buy-backs lift investor sentiment

Posted at 03:02h in Asia

Hong Kong stocks advanced in early deals on Wednesday, lifting the benchmark index to a four-week high, as a growing number of corporate buy-backs lifted hopes that more companies will return excess cash to shareholders and support market gains.The Hang Seng Index rose 1 per...

09 Apr Hong Kong stocks trade close to four-week high as NetEase jumps on new game approvals, EV makers BYD, Li Auto rise

Posted at 02:14h in Asia

Hong Kong stocks rose for a second day, with the benchmark hovering near a four-week high, as NetEase rallied among game operators after China approved new imported game titles this month.The Hang Seng Index gained 0.5 per cent to 16,814.63 as of 10.39am local time....

08 Apr Hong Kong stocks rise after US-China talks triggers cautious optimism, investors eye key data releases

Posted at 02:58h in Asia

Hong Kong stocks edged up in early trade on Monday, driven by cautious optimism around US-China talks, described as “extensive and productive” by US Treasury Secretary Yellen. Investors were however watchful ahead of a flurry of key economic data releases during the week that will...

05 Apr Hong Kong stocks retreat as traders temper US rate-cut bets amid sticky inflation concerns

Posted at 03:27h in Asia

Hong Kong stocks dropped, joining a broader retreat in Asian markets, after hawkish comments from a Federal Reserve official tempered bets for an interest-rate cut as early as June this year.The Hang Seng Index weakened 1.1 per cent to 16,544.39 at 10.20am local time, reversing...

01 Apr Zhang Kun, China’s biggest money manager, issues stock valuation warning, says days of fast economic growth are gone

Posted at 10:40h in Asia

Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, according to China’s biggest money manager.The base probability of sustainable high-quality growth at companies is...

01 Apr Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

Posted at 06:03h in Asia

Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market as investors struggle to find fresh catalysts.The uptick in the Hang Seng Index is at...

28 Mar Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy in meeting with US business leaders

Posted at 02:48h in Asia

Hong Kong stocks rose, after President Xi Jinping met with US business leaders in a bid to boost confidence about the China’s growth prospect, pledging a market-oriented business environment in the world’s second largest economy.The Hang Seng Index added 0.2 per cent to 16,426.49 as...

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