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,…
The success of Chinese artificial intelligence (AI) start-up DeepSeek is prompting investors to reassess the nation’s technology companies that trade at half of the valuation of the ‘Magnificent Seven’ US tech giants. The Hang Seng Tech Index, whose biggest members include Tencent Holdings, Alibaba Group Holding and Xiaomi, approached a four-month high on Thursday, after…
Hong Kong stocks fell, snapping a six-day winning streak after broad losses among technology companies, while weaker-than-expected earnings from New Oriental Education & Technology deepened losses. The Hang Seng Index fell 1.4 per cent to 19,830.27 as of 9.57am local time, while the Hang Seng Tech Index lost 2.1 per cent. On the mainland, the…
Hong Kong stocks trimmed the gains spurred by official data showing China’s fourth-quarter growth exceeded expectations, as investors weighed the sustainability of the recovery. A plunge in China Vanke, the nation’s biggest property developer by revenue, also tempered sentiment. The Hang Seng Index added 0.3 per cent to 19,584.06 at the close, paring a gain…
The Hang Seng Index rose 1.2 per cent to 20,650.82 as of 9.49am local time, extending a 2.8 per cent gain on Monday. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.9 per cent and the Shanghai Composite Index added 1.6 per cent. Sentiment took a…
Hong Kong stocks dropped from a four-week high after an official report showed that China’s deflationary pressure is lingering, as investors look ahead to a key economic policy meeting. The Hang Seng Index fell 0.6 per cent to 19,753.26 at the noon break. The Hang Seng Tech Index also slipped 0.6 per cent. China’s CSI…
Hong Kong stocks traded near a three-week high as investors weighed the prospect of stimulus measures from Beijing against the backdrop of heightened trade tensions. The Hang Seng Index rose 0.4 per cent to 19,819.62 as of 11.18am local time after falling as much as 0.7 per cent. The Hang Seng Tech Index climbed 0.5…
The Hang Seng Index rose 0.6 per cent to 19,258.09 as of 10.04am local time. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.6 per cent. Chinese search giant Baidu surged 3.7 per cent to HK$80.75 on media reports that…
Hong Kong stocks rose, paring back a loss for the week, after property sales in China returned to growth for the first time this year, adding to evidence of stabilisation in the world’s second-largest economy. The Hang Seng Index gained 0.5 per cent to 20,417.72 as of 9.47am local time, paring to 0.6 per cent…