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12 Apr Hong Kong stocks fall tripped by yuan’s weakness, but gold stocks rise after bullion posts record high

Posted at 02:46h in Asia

Hong Kong stocks dropped for a second day pressured by weakness in the Chinese yuan currency which hovered around a five-month low. Investors are also cautious awaiting trade data which is expected to show a contraction in exports from the world’s second-largest economy.The Hang Seng...

11 Apr Hong Kong stocks tumble on China deflation concerns, reduced US rate cut expectations

Posted at 02:49h in Asia

Hong Kong stocks slid from a four-month high, as China’s sluggish inflation data suggested weak domestic demand and as investor expectations of US interest rate cut were dealt a blow by surging consumer prices.The Hang Seng Index fell 1.3 per cent to 16,925.09 as of...

10 Apr Hong Kong stocks rise to four-week highs as corporate buy-backs lift investor sentiment

Posted at 03:02h in Asia

Hong Kong stocks advanced in early deals on Wednesday, lifting the benchmark index to a four-week high, as a growing number of corporate buy-backs lifted hopes that more companies will return excess cash to shareholders and support market gains.The Hang Seng Index rose 1 per...

08 Apr Hong Kong stocks rise after US-China talks triggers cautious optimism, investors eye key data releases

Posted at 02:58h in Asia

Hong Kong stocks edged up in early trade on Monday, driven by cautious optimism around US-China talks, described as “extensive and productive” by US Treasury Secretary Yellen. Investors were however watchful ahead of a flurry of key economic data releases during the week that will...

01 Apr Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

Posted at 06:03h in Asia

Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market as investors struggle to find fresh catalysts.The uptick in the Hang Seng Index is at...

28 Mar Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy in meeting with US business leaders

Posted at 02:48h in Asia

Hong Kong stocks rose, after President Xi Jinping met with US business leaders in a bid to boost confidence about the China’s growth prospect, pledging a market-oriented business environment in the world’s second largest economy.The Hang Seng Index added 0.2 per cent to 16,426.49 as...

27 Mar Hong Kong stocks retreat as Alibaba’s scrapping of logistic unit IPO weighs on sentiment

Posted at 02:51h in Asia

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...

26 Mar Hong Kong stocks edge up as China Merchants Bank and China Resources Land rally on better-than-expected earnings

Posted at 02:31h in Asia

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...

25 Mar Hong Kong stocks open earnings-packed week on a cautious note

Posted at 02:50h in Asia

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...

22 Mar Hong Kong stocks slump after weak earnings from Ping An and Li Ka-shing’s listed firms

Posted at 02:46h in Asia

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...

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