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26 Jan Hong Kong’s Exchange Fund posts fourth best annual returns in 2023 on bond and overseas stock market rallies: HKMA

Posted at 08:49h in Asia

Breaking | Hong Kong’s Exchange Fund posts fourth best annual returns in 2023 on bond and overseas stock market rallies: HKMAHong Kong’s Exchange Fund, the war chest used to defend the local currency, rebounded strongly in 2023, as rallies in bond and overseas stock markets...

26 Jan Chinese biotech firms led by WuXi Biologics sink in Hong Kong as proposed US bill cites complicity with PLA

Posted at 08:07h in Asia

Chinese biotechnology companies slumped in Hong Kong by the most in nearly two years, after a US lawmaker proposed a bill to block US companies from doing business with them, citing their alleged complicity with the military.WuXi Biologics crashed by nearly a fifth, leading the...

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 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...

19 Jan ‘Why is China down again?’ Bewildered Hong Kong-based funds ask BofA Securities to explain stock losses

Posted at 10:45h in Asia

Fund managers in Hong Kong appear to be baffled by the slump in Chinese stocks after the market’s worst start to a year since 2016. Some bearish investors wished they were wrong about the gloom.“We have met many investors in Hong Kong in the past...

Hang Seng Index Tag