Hong Kong stocks trimmed the gains spurred by official data showing China’s fourth-quarter growth exceeded expectations, as investors weighed the sustainability of the recovery. A plunge in China Vanke, the nation’s biggest property developer by revenue, also tempered sentiment. The Hang Seng Index added 0.3 per cent to 19,584.06 at the close, paring a gain…
China’s stocks fell for the first time this week, as investors struggle to find a catalyst for powering the trading pause in many global markets during the Christmas holiday week. The CSI 300 Index, which tracks 300 of the largest stocks in Shanghai and Shenzhen, slid 0.2 per cent to 3,976.53 as of 9.56am local…
HONG KONG: China and Hong Kong stocks traded in a narrow range on Wednesday as investors awaited a key economic policy meeting for clues on policy easing next year. By the midday break, the Shanghai Composite index was up 0.22% at 3,430.25 points, while the blue-chip CSI 300 index slipped 0.04%. Food and beverage stocks…
China’s signal of a pivot to all-out stimulus policies has injected a dose of optimism into the nation’s US$10 trillion stock market, where a rebound had showed signs of stalling. The strong policy messaging rippled through Chinese assets across the board, with both stocks and bonds rallying while the yuan strengthened, tentatively halting its depreciation…
The Hang Seng Index rose 1.2 per cent to 20,650.82 as of 9.49am local time, extending a 2.8 per cent gain on Monday. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.9 per cent and the Shanghai Composite Index added 1.6 per cent. Sentiment took a…
Hong Kong stocks dropped from a four-week high after an official report showed that China’s deflationary pressure is lingering, as investors look ahead to a key economic policy meeting. The Hang Seng Index fell 0.6 per cent to 19,753.26 at the noon break. The Hang Seng Tech Index also slipped 0.6 per cent. China’s CSI…
President Xi Jinping, his colleagues from the Politburo and other economic mandarins are expected to gather this month for the annual tone-setting economic work conference. Stock traders are particularly interested in the gathering after disappointment with Beijing’s latest attempt at stimulus and are eager for signs of more supportive policies after US president-elect Donald Trump…
Hong Kong stocks retreated from a three-week high before a major policy conference in Beijing next week, as a new round of US-China tech curbs this week rattled investors who are already bracing for another trade war. The Hang Seng Index dropped 0.9 per cent to 19,572.31 at 10.41am local time. The Tech Index slid…
Hong Kong stocks traded near a three-week high as investors weighed the prospect of stimulus measures from Beijing against the backdrop of heightened trade tensions. The Hang Seng Index rose 0.4 per cent to 19,819.62 as of 11.18am local time after falling as much as 0.7 per cent. The Hang Seng Tech Index climbed 0.5…
Hong Kong stocks fell as investors wait for clarity on fresh support measures from Beijing to shore up the nation’s economic recovery. The Hang Seng Index dropped 0.6 per cent to 19,440.08 as of 10.18am local time while the Tech Index declined 0.8 per cent. Mainland’s benchmark gauges also weakened, with the CSI 300 Index…