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19 Feb Hong Kong stocks drop, halting Year of Dragon rally, on China policy rate decision, Hang Seng Index letdown

Posted at 02:59h in Asia

Hong Kong stocks declined after China’s central bank refrained from cutting its key rates in a move to protect the local currency, sending a conflicting signal about its readiness to revive the economy. Stocks on mainland bourses reopened higher to catch up with roubst...

10 Feb Year of the Dragon: Hang Seng to top 20,000 points as stocks face early pain, major swings, feng shui expert predicts

Posted at 01:30h in Asia

Hong Kong’s beaten-down stocks are more likely to generate better returns for investors in the Year of the Dragon that began on February 10, judging by market history. Eric To Chung-yin, a banker-turned-feng shui expert, predicts a successful year ahead.Since its inception, the Hang...

01 Feb Year of the Dragon: Hong Kong stock market in for a topsy-turvy ride, CLSA’s Feng Shui Index predicts

Posted at 11:08h in Asia

Hong Kong’s stock market investors can expect a roller-coaster ride full of turbulence and drama as symbolised by the Chinese zodiac of the dragon, according to CLSA’s tongue-in-cheek Feng Shui Index.Market weakness will endure in the first half of the Year of the Dragon, and...

30 Jan Hong Kong-listed shares of Evergrande units stabilise as liquidation seen unshackling business, assets from debt crisis

Posted at 04:06h in Asia

Shares of entities in the China Evergrande group stabilised, after a sell-off triggered by the impending liquidation of the mainland property developer. Some investors bet their outlook will improve by being unshackled from the debt crisis engulfing the parent company.Carmaker Evergrande New Energy Vehicle...

29 Jan China’s stimulus lifts stock markets in short-lived rally as geopolitical, economic and policy risks weigh

Posted at 23:30h in Asia

China’s efforts to support stocks in Shanghai, Shenzhen and Hong Kong has triggered a US$689 billion gain in market valuation last week following 2023’s brutal sell-off. This recovery may not be a long-lasting one as policymakers are still faced with the challenging task of attracting...

29 Jan Hong Kong stocks jump on more China measures to support market, Evergrande liquidation shocker limits rally

Posted at 02:58h in Asia

Stocks in Hong Kong jumped after China’s market regulator suspended securities lending of restricted shares listed on mainland exchanges to stabilise stock prices, adding to a slew of measures to stem a market rout. China Evergrande sank after losing a court case to fend...

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...

Hong Kong stock market Tag