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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Feb 19, 2025 On Tuesday, Chinese mainland investors made significant purchases of Hong Kong stocks, acquiring shares worth HK$22.4 billion ($2.88 billion). According to a report by Bloomberg, this marks the largest daily purchase since early 2021 and ranks as the fourth-largest on record since the inception of trading links with Hong Kong in late…
The launch of DeepSeek has unsettled the world’s belief that it “could contain China”, said Deutsche Bank, calling the emergence of the artificial-intelligence (AI) technology the country’s “Sputnik moment”. By characterising the start-up’s achievement as a significant turning point for the country, the bank goes further than Marc Andreessen, the influential Silicon Valley venture capitalist,…