Hong Kong stocks climbed for a third day to a fresh four-month high as the stimulus rally continued, but local developers declined amid New World Development’s trading suspension. The Hang Seng Index jumped 2.3 per cent to 19,572.45 at local noon trading break, the highest level since May 20. The Tech Index surged 4.2 per…
Red flags fly at Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets rose on Thursday, with markets in the region rebounding and Chinese markets poised to extend gains. Mainland China’s CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two…
A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were largely range bound on Wednesday, while futures for Hong Kong’s Hang Seng Index suggested a 4% rise for the index when trading starts. HSI…
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets climbed on Tuesday, led by Chinese stocks as Beijing announced a slew of policy easing measures in a rare briefing from central bank governor Pan Gongsheng. The PBOC will cut the reserve requirement…
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Asia-Pacific markets were mostly higher Monday as investors digested monetary policy decisions from Japan and China as well as the U.S. Federal Reserve’s sharp rate cut last week. Data last Friday showed China’s…
Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors await the Federal Reserve’s rate decision due Wednesday stateside, and will also assess economic data from Japan as well the Indonesian central…
Hong Kong skyline. Billy H.C. Kwok | Bloomberg | Getty Images Asian markets opened mixed Monday, with Hong Kong stocks falling as investors assessed downbeat economic data from China, while several key markets were closed for holidays. Hong Kong’s Hang Seng index fell 0.76% on open, after China released a slew of worrying economic data…
The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets were mixed Friday, as mainland Chinese markets rebounded from a six year low and Australian markets near an all…
China’s largest technology companies are returning more of their cash to shareholders than ever before, as they continue to ramp up buybacks to support their flagging stocks. Repurchases of shares listed in Hong Kong have reached HK$187 billion ($24 billion) so far in 2024, already surpassing last year’s record total, according to data compiled by…