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…
Hong Kong and Chinese stocks fell after a raft of sluggish economic data underscored the urgency for Beijing to roll out fiscal stimulus to stabilise growth. The Hang Seng Index fell 0.6 per cent to 20,976.99 as of 10.03am local time. The Hang Seng Tech Index eased 0.1 per cent. The CSI 300 Index lost…
As China’s markets experience a downturn amid fading optimism about Beijing’s stimulus measures, the Shanghai Composite Index and the blue-chip CSI 300 have seen notable declines. In this challenging environment, identifying high-growth tech stocks requires a focus on companies with strong fundamentals and innovative capabilities that can navigate economic uncertainties and leverage government support initiatives….
Hong Kong and Chinese stocks both rebounded from sell-offs after China’s central bank kicked off a US$70 billion financing facility to fund institutional buying and traders bet on more fiscal stimulus to shore up growth. The Hang Seng Index jumped 4.2 per cent to 21,508.37 at the noon break, set to snap a two-day, 11…
Mainland China stocks plunged on Wednesday, October 9, snapping a 10-day winning streak after officials failed to inspire confidence in stimulus plans to revive the economy. Following the losses, the frontline benchmark Shanghai Composite index fell over seven per cent, its worst loss since February 2020, when fears were rising about COVID-19 emanating from Wuhan…
Chinese stocks fell sharply on Wednesday, with Shanghai’s benchmark dropping 6.6% and Hong Kong’s index sliding 1.5%. European stocks opened flat, with France’s CAC 40 rising 0.2% to 7,538.08, Germany’s DAX remaining little changed at 19,070.69, and Britain’s FTSE 100 climbing 0.5% to 8,227.54. Futures for the S&P 500 were 0.3% lower, while the Dow…
Mainland China stocks plunged on Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to revive the economy. Wednesday’s moves were a reversal from those seen the day before, after mainland Chinese stocks returned from a week-long holiday with a bang while those in…
China’s recent stimulus measures have spurred a rally in global markets, with the Shanghai Composite Index and the blue-chip CSI 300 seeing significant gains. This positive sentiment is particularly beneficial for high-growth tech stocks, which are poised to capitalize on increased economic activity and investor confidence. When evaluating high-growth tech stocks in China, it’s crucial…
Hong Kong stocks rallied, driving the market to its best month in almost two years. Major mainland Chinese cities removed more curbs on home purchases in a follow-up to Beijing’s stimulus package, brightening the recovery outlook. The Hang Seng Index surged 3.3 per cent to 21,321.97 at the local noon trading break. The benchmark has…
“Do It,” proclaimed the title of an article posted by Chinese investment bank Citic Securities as it called for investment – including stock trading – in response to Beijing’s dauntless display of determination this week to revive the economy. “The signal is clear, and one phrase says it all – do it,” the broker said…