Naphjas Inc. |

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...

12 Jan Hong Kong stocks advance for a second day on China rate-cut bets as deflation deepens

Posted at 02:55h in Asia

Hong Kong stocks jumped for a second day as investors bet China’s central bank will cut key lending rates as early as next week to boost growth amid deepening deflation in the economy.The Hang Seng Index added 0.1 per cent to 16,314.58 at 11am...

11 Jan Hong Kong stocks arrest 7-day slump as mainland China funds step up purchases with market trading at 14-month low

Posted at 02:55h in Asia

Hong Kong stocks jumped, snapping a seven-day slide, after mainland Chinese fund managers added to their purchases as the market reached the lowest level since November 2022 this week. Sentiment improved amid bullish trades in US and Asian equities.The Hang Seng Index added 1.4...

10 Jan Hong Kong stocks slide for seventh day as strategists cut targets on growth outlook while Taiwan tensions sap appetite

Posted at 02:35h in Asia

Hong Kong stocks fell for a seventh day as strategists at Citigroup and HSBC lowered their upside targets amid worries about interest rates and China’s weak economic recovery. China cranked up cross-strait tensions ahead of a presidential election in Taiwan.The Hang Seng Index declined...

09 Jan Citigroup, HSBC lower Hong Kong stock targets with questions hanging over corporate earnings, China policy tonic

Posted at 23:00h in Asia

Citigroup has reined in its forecasts for a rally in Hong Kong’s most valuable stocks following a dismal start to the new year, with higher borrowing costs and China’s weak economic recovery undermining the outlook for corporate earnings.The Hang Seng Index, which tracks 82...

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...

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...

Hong Kong stock market Tag