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Equities in Hong Kong dropped 105 points or 0.4% to 25,019 in Wednesday morning trade, slipping for the fifth session after a tech-led selloff on Wall Street ahead of the Fed’s July meeting minutes and the Jackson Hole meeting. Sentiment remained fragile after Tuesday’s data showed China’s youth...
The Hang Seng Index rose for the second day, climbing 0.7%, or 158.65 to 23,689.13 in Hong Kong. Today, commerce and industry stocks led the market higher, as 3 of 4 sectors gained; 58 of 85 shares rose, while 23 fell. Meituan contributed the most to the index gain, increasing 2.2%. Li Auto Inc....
The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data. A private survey showed that Chinese manufacturing expansion...
Shares in Hong Kong rallied more than three percent in the afternoon on Thursday, building on a surge this week fuelled by a raft of economy-boosting measures by China. The Hang Seng Index jumped 3.16 percent, or 604.28 points, to 19,733.38, while the Shanghai Composite Index added 2.18 percent,...
Hong Kong stocks rose to their highest level this month after the Federal Reserve cut the benchmark interest rate by a half-point. The Hang Seng Index climbed 1.1 per cent to 17,854.58 as of 10.47am local time. The Hang Seng Tech Index rallied 2.5 per cent and the Shanghai Composite Index added...
Hong Kong stocks jumped to a two-week high as local developers rallied ahead of an expected rate cut from the Federal Reserve, as appliance maker Midea Group surged on its trading debut. Midea shares rose 8 per cent to HK$59.20 in their Hong Kong trading debut. It was the city’s largest initial...
Hong Kong stocks jumped for a second day to a one-week high as mainland developers rallied on speculation about mortgage-rate cuts. The Hang Seng Index added 1.3 per cent to 17,469.93 as of 10.05am local time, adding to a 0.8 per cent gain on Thursday. The Tech Index gained 1 per cent while the...
Hong Kong stocks hit a three-week low after disappointing inflation data from the mainland reinforced concerns about growth prospects, while Citi joined other Wall Street banks in snubbing Chinese stocks. The Hang Seng Index was down 1.7 per cent at 17,147.98 as of 10:10am local time, the largest...
The Hang Seng plunged 194 points or 1.1% to finish at 17,457 on Wednesday, receding for the third day as futures tied to US stocks slipped following a sharp tech selloff on Wall Street Tuesday and renewed concerns about US economy. Meanwhile, Caixin Service PMI in China came in less than expected...
The Hang Seng Index opened 1.2% higher at 17,815.62 in Hong Kong. Tencent Holdings Ltd. contributed the most to the index gain, increasing 1.9%. Longfor Group Holdings Ltd. had the largest increase, rising 4.0%. In early trading, 67 of 82 shares rose, while 10 fell; all sectors were higher, led...
The Hang Seng Index opened 0.6% lower at 17,539.82 in Hong Kong. NetEase Inc. contributed the most to the index decline and had the largest move, decreasing 14.4%. In early trading, 65 of 82 shares fell, while 13 rose; all sectors were lower, led by commerce and industry stocks. The Shanghai...
The Hang Seng climbed 250 points or 1.4% to end at a 1-month top of 17,641 on Thursday, advancing for the second day as most sectors gained. The tech index soared 1.5%, boosted by a 9.3% surge in Xiaomi Corp. after the company logged strong revenue in Q2. Financials and consumers also gained...
The Hang Seng Index opened 1.1% higher at 17,189.34 in Hong Kong. Tencent Holdings Ltd. contributed the most to the index gain, increasing 1.8%. Haier Smart Home Co. had the largest increase, rising 5.7%. In early trading, 71 of 82 shares rose, while 11 fell; all sectors were higher, led by...
The Hang Seng Index opened 0.8% lower, dropping 143.63 to 17,167.42, as stocks lose for the third straight day in Hong Kong. Meituan contributed the most to the index decline and had the largest move, decreasing 3.6%. In early trading, 64 of 82 shares fell, while 12 rose; 2 of 4 sectors were...
The Hang Seng Index opened 0.2% lower, dropping 29.44 to 17,439.92, as stocks lose for the second straight day in Hong Kong. Meituan contributed the most to the index decline, decreasing 1.6%. Chow Tai Fook Jewellery Group Ltd. had the largest drop, falling 5.6%. In early trading, 47 of 82...
The Hang Seng Index opened 0.2% lower at 17,606.47 in Hong Kong. Meituan contributed the most to the index decline, decreasing 1.5%. BYD Electronic International Co. had the largest drop, falling 4.0%. In early trading, 46 of 82 shares fell, while 29 rose; 2 of 4 sectors were lower, led by...
The Hang Seng Index opened 1.3% higher at 17,695.72 in Hong Kong. AIA Group Ltd. contributed the most to the index gain, increasing 3.6%. Li Auto Inc. had the largest increase, rising 5.1%. In early trading, 70 of 82 shares rose, while 8 fell; all sectors were higher, led by commerce and...
Hong Kong stocks closed flat on Friday as investors jockeyed for position ahead of fresh US inflation data that could play a key role in the Federal Reserve's interest rate decision-making. The Hang Seng Index inched up 2.14 points to 17,718.61. The Shanghai Composite Index climbed 0.73 percent,...
Hong Kong shares sank at the beginning of trade Thursday morning in an uneasy start for Asian markets, despite a positive day on Wall Street and ahead of key US data at the end of the week. The Hang Seng Index shed 0.80 percent, or 143.93 points, to 17,946.00. The Shanghai Composite Index fell...
Hong Kong shares started with losses Wednesday morning, with tech firms among the worst hit, as investors keep their eye on the release of key US data at the end of the week. The Hang Seng Index shed 0.77 percent, or 138.27 points, to 17,934.63. The Shanghai Composite Index eased 0.22 percent,...
