Hong Kong stocks slid, taking the market benchmark to near two week lows, as the mood soured after the abrupt cancellation by Alibaba Group Holding of the Hong Kong listing plans for its logistics unit and a warning from electric vehicle maker BYD.The Hang Seng...
Sentiment got an additional boost as China’s central bank governor Pan Gongsheng said that some “positive signals” had emerged from the property market, which has a solid foundation for healthy and stable development in the long run.Traders have a busy few days ahead as they...
Caution prevailed among Hong Kong investors as stocks traded in narrow ranges ahead of earnings announcements this week from nearly a third of the companies that comprise the 82-member benchmark.The Hang Seng Index rose less than 0.1 per cent to 16,503.12 as of 10.02am local...
Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally triggered by a dovish US Federal Reserve.The Hang Seng Index fell...
Hong Kong stocks advanced after the US Federal Reserve reaffirmed its dovish outlook overnight while keeping its key rate unchanged. Tencent jumped after it unveiled plans to at least double the size of its share repurchases and the city’s property developers rallied on the prospects...
Hong Kong stocks edged higher after corporate earnings fuelled gains in sportswear company Li Ning and telecoms giant China Unicom, although the mood was cautious after China’s central bank kept its benchmark lending rates unchanged.The Hang Seng Index added 0.3 per cent to 16,577.37 as...
Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.7 per cent to 16,628.48 as of 10.05am local time. The Tech Index lost 1.1 per cent and the Shanghai Composite Index lost...
Global capital rushed to Wall Street after the US Federal Reserve raised its key interest rate by five percentage points from 2022, and initial public offerings (IPOs) slowed to a trickle in Hong Kong.A lot will be riding on the shoulders of Bonnie Chan Yiting,...
Hong Kong stocks declined for a fourth straight session on Monday after a batch of government data showed China’s economic recovery was still tentative, as retail sales and employment data both lagged street estimates, while sentiment was also cautious ahead of the US Federal Reserve...
Hong Kong stocks dropped for a third day after China’s central bank left a key policy rate unchanged and traders scaled back bets on an imminent rate cut in the US after producer prices accelerated faster than market consensus.The Hang Seng Index slumped 1.3 per...