This Oct 18, 2024, photo shows a general view of the Central business district of Hong Kong. (SHAMIM ASHRAF / CHINA DAILY) Hong Kong lenders may not fully align their prime rate cuts with the Federal Reserve’s anticipated easing, but the United States (US)’ central bank’s likely move is expected to have a positive impact…
Asia-Pacific markets opened mixed Thursday after Wall Street continued to reach record highs over Fed-rate cut hopes and positive inflation data. Japan’s benchmark Nikkei 225 rose 0.23% in early trade, while the Topix index retreated 0.18%. South Korea’s Kospi advanced 0.67%, and the small-cap Kosdaq was up 0.2%. Over in Australia, the ASX/S&P 200 declined…
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….
Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. As many as 1.2 million customers traded at least once on a product last year, 28 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…
HONG KONG – Hong Kong’s stock market ended higher Monday with the benchmark Hang Seng Index up 2.15 percent to close at 25,617.42 points. The Hang Seng China Enterprises Index rose 1.95 percent to close at 9,121.87 points, while the Hang Seng Tech Index increased 2.20 percent to finish at 5,798.96 points. Source link
In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here. When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign…
The Hang Seng Index rose 0.6 per cent to 25,156.89 at the noon break and was set to end a nearly 2 per cent loss accumulated over the past three days. The Hang Seng Tech Index also advanced 0.6 per cent. Trading continued to be hot on the mainland’s markets, as the CSI 300 Index…
Hong Kong stocks rose on Wednesday on renewed optimism about China’s tech industry prospects, while investors awaited global AI chip leader Nvidia’s earnings. The Hang Seng Index gained about 0.1 per cent to 25,541.43 at noon, rebounding from a 1.2 per cent loss in the previous session. The Hang Seng Tech Index climbed 0.6 per…