(Bloomberg) — For stock traders in Hong Kong, Monday’s mayhem was one for the history books. Most Read from Bloomberg As the global market meltdown worsened on Monday, the tumult in Hong Kong stood out. The city’s benchmark Hang Seng Index plunged 13%, the most since 1997, with the session concluding with the highest equity…
Hong Kong’s capital market is living up to its role as a “superconnector” between global fund managers and mainland China’s financial markets, with Alibaba Group Holding’s upgraded listing status benefiting investors on both sides of the playing field. Since joining the Stock Connect scheme on September 10, onshore investors have collected 4 per cent of…
Wealth management and family offices will be a major growth engine for Hong Kong, as many prominent clans in Asia have shown an interest in setting up entities to manage their fortunes, according to Deloitte’s regional head. Dennis Chow Chi-in, Asia-Pacific chairman of the accounting and consulting firm, believes this will mainly be down to…
We recently compiled a list of the Top 10 AI News Updates This Weekend. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other AI stocks. According to JP Morgan, the S&P will propel to new heights this New Year, and artificial intelligence is one of…
The stock market’s feverish rally following Donald Trump’s presidential election victory may have just been an early appetizer for a strong few months of gains. “Exuberance lies ahead,” Julian Emanuel, who leads the equity, derivatives, and quantitative strategy team at Evercore ISI, wrote in a note to clients Wednesday night. “President-Elect Trump will move fast…
Asia-Pacific’s private capital sector could get support from Chinese government stimulus as well as greater development of other financial markets in the region, according to data provider Preqin. China’s contribution to the region’s market for private capital has tumbled significantly in recent years, but stimulus measures and reforms from Beijing could spark a turnaround, said…
A group of smaller listed companies are joining together to highlight the challenges they face and help other firms to use the Hong Kong stock market to raise funds and capture new business opportunities. The Hong Kong Small and Medium Listed Companies Association is a non-profit industry body formed by a group of businesspeople who…
(Bloomberg) — Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts. Most Read from Bloomberg Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against…
Hong Kong’s finance chief has vowed to intensify efforts to promote the city and diversify its sources of funding, as the business environment benefited from the lowered US interest rate and improvements in the local stock market. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong’s speed and the extent of its…
We recently published Jim Cramer’s Exclusive List: 10 Stocks to Monitor Closely. In this article, we are going to take a look at where Wingstop Inc. (NASDAQ:WING) stands against the other stocks Jim Cramer recommends to monitor closely. On a recent episode of Mad Money, Jim Cramer emphasized the risks of straying too far from…