Hang Seng Index Tag

09 Jan Hong Kong stocks snap 5-day slump as China rate-cut hopes as Alibaba, HSBC help lift market from 13-month low

Posted at 02:26h in Asia

Hong Kong stocks advanced after Beijing hinted at more policy support to shore up the nation’s faltering economic growth. Three companies started trading for the first time, with two of them suffering steep losses.The Hang Seng Index rose 0.6 per cent to 16,313.73 at...

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08 Jan Hong Kong stocks slip, Tech index hits lowest since November 2022, as traders brace for weak China reports

Posted at 02:45h in Asia

Hong Kong stocks extended losses, compounding the local market’s worst start to a year since 2005, as traders braced for more reports signalling a slowdown in the Chinese economy.The Hang Seng Index fell 0.9 per cent to 16,385.72 at 9.55am local time. The benchmark...

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05 Jan Hong Kong stocks set to cap loss in first week of 2024 on China growth concerns and US rate outlook

Posted at 02:38h in Asia

Hong Kong stocks were heading for a loss in the first week of 2024, as a slowdown in China’s growth and longer than expected policy tightening in the US dented sentiment.The Hang Seng Index fell 0.1 per cent to 16,637.83 as of 10am local...

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04 Jan Hong Kong stocks trade close to 2-week low as Fed minutes curb wagers on aggressive rate cuts

Posted at 02:43h in Asia

Hong Kong stocks hovered near a two-week low as the latest minutes from the Federal Reserve suggested interest rates would remain higher for longer, offsetting a report showing an improvement in China’s services industry.The Hang Seng Index fell 0.5 per cent to 16,563.38 as...

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03 Jan Alibaba, JD.com, Baidu drag Hong Kong stocks to 2-week low on jitters about China’s economy, US rates

Posted at 02:40h in Asia

Hong Kong stocks dropped to a two-week low as concerns about the strength of China’s growth persisted and optimism about an imminent cut in US interest rates faded.The Hang Seng Index fell 1.1 per cent to 16,595.60 as of 11.18am local time, heading for...

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02 Jan Hong Kong stocks make a dismal start to 2024 after China PMI report hints at sustained economic weakness

Posted at 02:40h in Asia

Hong Kong stocks make a dismal start to 2024 after China PMI report hints at sustained economic weaknessHong Kong stocks dropped on the first trading day in 2024 after an official Chinese manufacturing report showed a contraction for a third straight month in December.The...

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31 Dec Singapore hedge fund says Hong Kong stocks are ‘once-in-a-lifetime’ chance for big upside after wildest two years since 2008

Posted at 04:30h in Asia

Hong Kong’s stock market ended the year on a miserable note, with some US$520 billion of value obliterated. To Singapore-based hedge fund manager Chua Soon Hock, this provides a “once-in-a-lifetime” opportunity to pick up the pieces.The market kicked off the year with a...

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