Hong Kong stocks fell on Tuesday after notching the biggest gain in two months a day earlier, as traders digested the apparent breakthrough in the China-US trade talks. The Hang Seng Index dropped 1.7 per cent to 23,156.89 at the noon break, giving up some of Monday’s 3 per cent gain. The Hang Seng Tech…
Hong Kong stocks rose for a sixth straight day after Beijing unveiled a number of measures to support the economy and stabilise its markets ahead of US-China tariff talks this weekend. Overnight, the US Federal Reserve kept its interest rate unchanged, reiterating that it was not in a hurry to make cuts. Also, the Trump…
Hong Kong and other major stock markets in the Asia-Pacific region traded lower on Wednesday following a rebound a day earlier, as US President Donald Trump’s hefty tariffs on China took effect. The Hang Seng Index slumped 1.6 per cent to 19,815.24 at the noon trading break, the lowest level since January 23. The Hang…
On Thursday, the MPF reported a HK$34.8 billion investment return in the first quarter, according to data from MPF Ratings, an independent research firm. The MPF’s 379 constituent funds generated an average return of 2.7 per cent in the first quarter, the best performance since a 4.1 per cent gain in the first quarter of…
Hong Kong stocks fell on Wednesday as US President Donald Trump’s expected tariff announcement in Washington cast a shadow of uncertainty over global trade. The Hang Seng Index dropped 0.8 per cent to 23,020.80 as of 9.40am local time. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index…
Hong Kong’s capital markets are poised to provide the long-term funding that will help start-ups in mainland China deliver more “jaw-dropping” innovations in coming years, speakers at an investment summit said on Tuesday. “China has many enterprises that are low-key, but they are not ‘lying flat’, as many of them are working very hard on…
Stocks in Hong Kong traded between gains and losses as global banks including Citigroup and Goldman Sachs retained their bullish views on Chinese equities on valuation appeal, following a three-day market slide stoked by recession risks. The Hang Seng Index fell 0.1 per cent at 23,752.53 as of 10.50am local time on Wednesday, after rising…
Hong Kong stocks recovered some ground on Tuesday after trading lower earlier in the session, as geopolitical tensions flared up following the US’ move to restrict Chinese investment in American technology and infrastructure. The Hang Seng Index was down 0.7 per cent to 23,193.20 as of 11.35am local time. At one point, the benchmark was…
(Bloomberg) — Chinese technology stocks slumped after President Donald Trump moved to further squeeze US investments into the Asian nation, in a sign of deepening financial and technological decoupling between the world’s two largest economies. Most Read from Bloomberg The Hang Seng Tech Index fell as much as 4.4% on Tuesday, the most since November….
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