Naphjas Inc. |

29 Feb Hong Kong stocks set for best monthly gain since January 2023 on property tonic, China market intervention

Posted at 03:13h in Asia

Hong Kong stocks set for best monthly gain since January 2023 on property tonic, China market interventionHong Kong stocks rose, underpinning the best monthly performance since January 2023 as the city’s government took steps to revive the property market. Market sentiment improved after China’s state-run...

28 Feb Hong Kong stocks retreat from this year’s high as Country Garden winding-up petition sends developers sliding

Posted at 02:28h in Asia

Internet giant Tencent Holdings slipped 0.9 per cent to HK$282.20.Limiting the losses, online games operator NetEase surged 6.3 per cent to HK$179.70 after the industry regulator approved 111 new titles this month. Baidu gained 1.8 per cent to HK$110.50 before its earnings announcement later on...

27 Feb Hong Kong stocks slide for third day as rebound spurred by government intervention fades; Li Auto jumps as profit hits record

Posted at 02:57h in Asia

Hong Kong stocks dropped for a third day as a rebound spurred by state intervention continued to lose momentum. Investors were cautious ahead of the city’s budget address on Wednesday.The Hang Seng Index fell 0.3 per cent to 16,580.04 as of 9.57am local time, extending...

26 Feb Hong Kong stocks drop for second day as traders await corporate earnings from Baidu, NetEase Li Auto to back up sentiment-driven rebound

Posted at 02:55h in Asia

Hong Kong stocks fell for a second day as traders held off bets after a three-week rally. The market is looking for signs of stronger corporate earnings from Baidu, NetEase and Li Auto this week to support the recent rebound fuelled by China’s market intervention.The...

22 Feb Hong Kong stocks waver near 7-week high on mixed corporate earnings signals while developers trim speculative rally

Posted at 03:10h in Asia

Hong Kong stocks wavered near a seven-week high amid mixed corporate earnings signals as lender HSBC underwhelmed and travel platform operator Trip.com beat market consensus. Property developers pared gains fuelled by speculation about market-easing measures.The Hang Seng Index slipped 0.3 per cent to 16,459.93 at...

21 Feb Hong Kong stocks rise to 7-week high on property market speculation as China pledges regulatory predictability

Posted at 03:05h in Asia

Hong Kong stocks gained as property developers advanced on speculation the city’s government will remove more curbs this month to stem an industry slump, while HSBC jumped before its earnings report. China pledged to improve policy transparency while state-run funds have stepped up intervention.The Hang...

15 Feb Hong Kong stocks drop as Asian fund managers show no urgency to chase market amid China’s policy support, intervention

Posted at 02:35h in Asia

Hong Kong stocks drop as Asian fund managers show no urgency to chase market amid China’s policy support, interventionHong Kong stocks dropped, struggling to sustain a winning start to the Year of the Dragon as signs of fresh economic headwinds in the region. A...

14 Feb Year of the Dragon bodes well for Hong Kong’s ailing stock market as rate cuts, improving Chinese economy bring hope, finance officials say

Posted at 06:12h in Asia

“In addition, the mainland [Chinese] economy is stable and improving. These factors will bring a positive atmosphere to investment sentiment and the asset market,” he said. 05:39Hong Kong stock market falls below 15,000 level, its lowest in 15 monthsHong Kong stock market falls below 15,000 level,...

13 Feb Fund managers want Beijing to do more to keep the US$380 billion rally in Chinese and Hong Kong stocks going

Posted at 23:30h in Asia

“In this delicate scenario, it may be advantageous to remain nimble and flexible,” said Redmond Wong, a strategist at Saxo Markets in Hong Kong. “Short-term traders can find opportunities amid volatility. The stocks of state-owned enterprises and large caps will benefit from the [state] buying....

09 Feb Hong Kong stocks erase intervention-driven rally amid China’s economic woes as Year of the Rabbit ends with worst payback on record

Posted at 02:59h in Asia

Hong Kong stocks erase intervention-driven rally amid China’s economic woes as Year of the Rabbit ends with worst payback on recordHong Kong stocks dropped by the most this month, erasing almost all of the rally driven by China’s state-fund intervention, as concerns about China’s...

Hong Kong stocks Tag