Hong Kong stocks fell on Monday as the US government shutdown hit investor sentiment and spurred demand for haven assets like gold. The Hang Seng Index declined 0.7 per cent to 26,944.34 as of 11am local time, trimming some of the 3.9 per cent gain recorded last week. The Hang Seng Tech Index lost 1.5…
Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment. The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed…
Hong Kong’s markets hit their lowest point in more than a decade in 2022, squeezed by rising friction between Washington and Beijing. With the US Federal Reserve tightening monetary policy aggressively, Asian markets were starved of liquidity. Hong Kong’s benchmark fell below 16,000 points in 2022, one of the steepest drops among global indices. Three…
Hong Kong stocks headed for the first weekly decline this month as concerns about frothy valuations for global equities dampened sentiment and drug makers slid after the Trump administration announced a fresh bout of tariffs on the industry. The Hang Seng Index fell 0.6 per cent to 26,320.69 as of 11.01am local time, taking the…
(Bloomberg) — Chinese tech stocks extended their rally Thursday, fueled by persistent investor enthusiasm for the country’s artificial intelligence developers. The Hang Seng Tech Index climbed 0.9%, led by gains in JD.com Inc., the e-commerce giant with ambitious AI plans, and smartphone maker Xiaomi Corp. The index, which tracks Chinese technology companies listed in Hong…
Hong Kong stocks rose on Thursday as a rally in Chinese technology stocks continued. The Hang Seng Index edged up by about 0.4 per cent to 26,633.11 at the noon break. The Hang Seng Tech Index gained 1.9 per cent. On the mainland, the CSI 300 Index rose 0.9 per cent and the Shanghai Composite…
Hong Kong stocks rose on Wednesday, ending a two-day decline as American investor Cathie Wood’s investment in Alibaba Group Holding sparked risk appetite while the market operated smoothly under the shadow of one of the city’s most severe typhoons. The Hang Seng Index rose 0.9 per cent to 26,397.98 at the noon break. The Hang…
Hong Kong stocks rose on Wednesday, ending a two-day decline as China’s shaky economic outlook fuelled stimulus bets. The Hang Seng Index rose 0.3 per cent to 26,240.34 as of 10am. The Hang Seng Tech Index rose 0.4 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added about…
This article first appeared on GuruFocus. Chinese tech stocks are staging a comeback that’s turning heads across Asia. The Hang Seng Tech Index surged 4.2% on Wednesday, pushing the gauge to its highest level since November 2021 and marking its seventh straight week of gains. Baidu (NASDAQ:BIDU) led the move with a 16% jump, while…
In the escalating U.S.-China tech rivalry, President Trump’s stringent bans on exporting advanced AI chips have unexpectedly ignited a surge in China’s domestic semiconductor and technology sectors. Despite persistent economic headwinds like a protracted property crisis and ongoing trade tensions, Chinese tech stocks have experienced a remarkable rally throughout 2025. The Hang Seng Tech Index,…