Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills. Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas…
Australia unemployment rate eases to 4.2% in July Australia’s unemployment rate eased to 4.2% on a seasonally-adjusted basis in July, in line with estimates of economists polled by Reuters. The reading was lower than the 4.3% recorded in June, data released by the Australian Bureau of Statistics on Thursday showed. Meanwhile, the number of employed…
Hong Kong stocks rallied on Wednesday, setting the benchmark gauge for its best one-day performance in seven weeks, as tame US inflation data fuelled rate-cut expectations and corporate earnings prospects brightened. The Hang Seng Index rose 1.9 per cent to 25,439.91 at the noon break, the most since a 2.1 per cent gain on June…
Hong Kong stocks traded in a narrow range on Tuesday, as traders looked past the US tariff pause extension to focus on economic data and earnings. The Hang Seng Index added 0.1 per cent to 24,929.34 at the noon break. The Hang Seng Tech Index dropped 0.4 per cent. On the mainland, the CSI 300…
Chinese and Hong Kong stocks open flat Chinese and Hong Kong stocks were little changed Tuesday, as investors assessed the latest developments in U.S.-China trade relations. As of 9:45 a.m. local time (9:45 p.m. ET Monday), the Hang Seng Index moved down 0.1%, while mainland’s CSI 300 was flat. — Amala Balakrishner SoftBank Group shares surge 8% Shares…
Foreign inflows to Chinese stocks will probably continue after the summer, as a regulatory push to boost shareholder returns, appealing valuations and rising expectations of interest-rate cuts in the US lure investors, according to Morgan Stanley. The rotation back to Chinese stocks was expected to be “stronger” after two consecutive months of net buying by…
Trading in Hong Kong was subdued on Monday ahead of the expiry of the US-China tariff deadline and earnings from China’s biggest technology companies. The Hang Seng Index fluctuated between gains and losses, rising 0.2 per cent to 24,906.90 at the noon break. The Hang Seng Tech Index added 0.1 per cent. On the mainland,…
Japan’s Topix hits all-time high Japan’s Topix index rose for the fourth consecutive session Friday and hit a record high of 3,031.78. The broad-based index had gained 1.42% as of 10 a.m. local time (9 p.m. ET Thursday), Gains were led by Nippon Chemical Industrial, which surged 23.06%, investment management firm Miyakoshi Holdings, which rose…
Asia-Pacific markets close mostly in the green Asia-Pacific markets closed mostly higher Thursday. Japan’s Nikkei 225 benchmark rose 0.65% to close at 41,059.15, while the Topix climbed 0.72% to 2,987,92. Over in South Korea, the Kospi index advanced 0.92% to end the day at 3,227.68, and the small-cap Kosdaq added 0.29% to close at 805.81….
An upbeat mood in global equities extended Hong Kong stocks’ winning streak to four days on Thursday, as investors anticipated a rate cut by the Federal Reserve and looked past the fallout of tariffs on economic growth. The Hang Seng Index rose 0.4 per cent to 25,001.64 as of 10.12am local time. The Hang Seng…