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…
The Hang Seng Index fell 1.1 per cent to 20,469.32 as of 11.15am local time, erasing all gains from the past three days. China Merchants Bank slid after reporting a lower profit and Haier Smart Home retreated on lower-than-expected earnings, while WH Group rallied after its profit almost doubled. The Hang Seng Tech Index sank…
(Bloomberg) — Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause. Most Read from Bloomberg Short positions on American Depositary Receipts of major companies including Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. haven’t changed dramatically in…