Hong Kong stocks rose on Monday after US Federal Reserve chair Jerome Powell signalled the possibility of a rate cut next month and Shanghai relaxed its home-purchase policies. The Hang Seng Index added 2 per cent to 25,837.65 at 2pm local time, the biggest gain in two weeks. The Hang Seng Tech Index rose 3…
People walk past the Exchange Square, which houses the Hong Kong Stock Exchange, in Central, Hong Kong, April 8, 2025. (ANDY CHONG / CHINA DAILY) Hong Kong stocks hit an almost four-year high on Monday as investors priced in positive signs of an imminent cut in interest rates by the United States Federal Reserve. The…
Hong Kong stocks rose on Friday as investors awaited the outcome of the US Federal Reserve’s annual Jackson Hole meeting, while a JPMorgan report suggesting a rally in onshore Chinese stocks will continue acted as a catalyst. The Hang Seng Index added 0.3 per cent to 25,192.50 at 11.30am local time, paring the weekly loss…
Bank of East Asia (BEA), Hong Kong’s largest family-owned lender, beat expectations with 14 per cent growth in its first-half net profit, as a robust wealth-management business offset an increase in bad debt from commercial real estate. The bank recorded HK$2.41 billion (US$309 million) in net profit for the six months to June, or 86…
Hong Kong stocks wavered on Thursday in the absence of catalysts ahead of the Federal Reserve’s annual Jackson Hole symposium. The Hang Seng Index fell 0.2 per cent at 11.30am local time after rising as much as 0.2 per cent. The Hang Seng Tech Index declined 0.6 per cent. On the mainland, the CSI 300…
Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable…
Hong Kong Exchanges and Clearing (HKEX) set new records for second-quarter and first-half earnings amid a boom in initial public offerings (IPOs) and sizzling stock market turnover, according to a stock exchange filing on Wednesday. Second-quarter net profit for the operator of Asia’s third-largest stock market rose 41 per cent to HK$4.44 billion (US$569 million),…
Hong Kong stocks fell for a fifth straight session on Wednesday, tracking an overnight sell-off on Wall Street and lingering concerns that tariffs on China will stay in place after US Treasury Secretary Scott Bessent suggested no imminent change. The Hang Seng Index declined 0.6 per cent to 24,980.20 at the noon trading break, adding…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
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…