SHANGHAI, Sept 26 – China stocks fell on Friday, but ended the week near their highest level in 3-1/2-years as investor sentiment remained upbeat on growing confidence in the country’s artificial intelligence potential. ** China’s blue-chip CSI300 Index closed down 1%, while the Shanghai Composite Index lost 0.7%. Hong Kong’s benchmark Hang Seng was down…
Hong Kong stocks headed for the first weekly decline this month as concerns about frothy valuations for global equities dampened sentiment and drug makers slid after the Trump administration announced a fresh bout of tariffs on the industry. The Hang Seng Index fell 0.6 per cent to 26,320.69 as of 11.01am local time, taking the…
SHANGHAI, Sept 23 – China stocks ended largely unchanged on Tuesday, recovering from losses in the morning session as gains in banking shares helped lift sentiment and offset some profit-taking pressure in the tech sector. Hong Kong equities declined. ** China’s blue-chip CSI300 Index closed down 0.1% after falling as much as 1.4% during the…
Foreign interest in Chinese stocks rose across the board this year – propelling a rally that has added a combined US$3 trillion of market value to both the nation’s onshore and offshore equities – as advances in artificial intelligence bolstered the tech outlook and China-US tensions de-escalated, according to Goldman Sachs. Global hedge fund inflows…
Stunning gains in Chinese stocks are testing regulators’ ability to manage the ascent, as Beijing seeks to fulfil its long-standing goal of positioning the nation’s US$12 trillion equity market as a steady source of household income that can support consumer spending and economic growth. As the property market remains in the doldrums, eroding the wealth…
SHANGHAI, Sept 11 – China stocks advanced on Thursday, buoyed by technology shares, as investors remained bullish on artificial intelligence plays despite concerns over potential U.S. restrictions on Chinese innovative drugs. ** China’s blue-chip CSI300 Index was up 1.8% by the lunch break, while the Shanghai Composite Index gained 1.1%. Hong Kong’s benchmark Hang Seng…
SHANGHAI, Sept 8 – Chinese shares were little changed on Monday, as gains in consumer staples helped counter losses in artificial intelligence stocks, with investors pulling out of crowded high-growth sectors. ** China’s blue-chip CSI300 Index was flat by the lunch break, while the Shanghai Composite Index gained 0.2%. ** Meanwhile, Hong Kong benchmark Hang…
Hong Kong stocks rose on Monday, extending a weekly gain, as trading carried on despite Typhoon Tapah triggering a No 8 signal that is expected to remain in force until 1pm. The Hang Seng Index gained 0.4 per cent to 25,522.09 as of 10.08am local time. The Hang Seng Tech Index added 0.3 per cent….
Hong Kong stocks dropped for a third day, as investors held off on bets while a pullback in Chinese equities showed no sign of abating on concerns that recent gains were too fast. The Hang Seng Index fell 0.9 per cent to 25,104.85 as of 11.04am local time, adding to a 1.1 per cent loss…
Hong Kong stocks lost ground for a second straight day on Wednesday amid cautious sentiment, as a solid run on mainland equities showed signs of fatigue after a key benchmark hit a decade high. The Hang Seng Index slipped 0.6 per cent to 25,343.43 at the close, extending a 0.5 per cent decline a day…