Naphjas Inc. |

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...

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...

19 Jan Hong Kong stocks rise for second day, trimming weekly loss with AIA, SMIC, BYD posting gains on valuation appeal

Posted at 02:32h in Asia

Stocks in Hong Kong rebounded for a second day as traders deemed the market’s slump this week to the lowest level in 14 months as excessive. Some valuation measures reached near all-time lows.The Hang Seng Index climbed 0.6 per cent to 15,483.85 as of...

18 Jan Chinese stocks listed in Shanghai and Hong Kong have never been cheaper. Here’s why

Posted at 23:30h in Asia

The fate of mostly Chinese companies represented on the Hang Seng Index in Hong Kong is far worse.Their average price-to-book value stood at 0.85 times on Wednesday, near the record-low of 0.82 times reported in October 2022. The measure peaked at 1.56 times in April...

18 Jan Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessive

Posted at 03:05h in Asia

Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessiveHong Kong stocks rebounded on speculation a four-day rout in the city’s benchmark index was excessive. A technical indicator indicated the market was oversold and due for a reversal.The Hang Seng...

17 Jan Alibaba, HSBC, Longfor drag Hong Kong stocks to 14-month low as China’s growth trails forecasts, home prices fall by most since 2015

Posted at 02:39h in Asia

Hong Kong stocks slumped to the lowest in more than 14 months after a government report on growth in China’s economy trailed market consensus and home prices slipped. Fund managers are trimming their allocations on Chinese companies, with policymakers hobbled by inadequate monetary stimulus.The...

16 Jan Hong Kong stocks hover near 14-month low as cautious investors expect mixed China economic data

Posted at 02:31h in Asia

Hong Kong stocks declined for a third day before a key release of 2023 economic data that is expected paint a mixed picture for China’s recovery.The Hang Seng Index fell 0.2 per cent to 16,182.02 as of 10am local time to hover around a...

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...

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...

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...

Shanghai Composite Index Tag