(Hong Kong) The Hang Seng Index opened with a gain of 65 points, or 0.28%, to stand at 23,398 on Monday. The China Enterprises Index rose 26 points, or 0.3%, to 8,486, while the Hang Seng Tech Index climbed 11 points, or 0.22%, to 5,266, reflecting mixed performance across technology stocks.
Among tech giants, Tencent slipped 0.2%, while Alibaba advanced 0.6%. Meituan declined by 1.1%, but Xiaomi gained 1.2%, JD.com rose 0.2%, and Kuaishou improved by 0.5%. Financial stocks also showed a mixed trend, with HSBC rising 0.3%, AIA slipping 0.6%, Ping An Insurance advancing 0.7%, and Hong Kong Exchanges and Clearing edging up 0.1%
A key highlight of the session was the Hong Kong debut of Contemporary Amperex Technology Co. Ltd. (CATL). The battery manufacturing giant, opened at HK$296, representing a 12.5% premium over its initial public offering price of HK$263. Investors who secured one board lot of 100 shares stood to gain HK$3,300 on paper before fees. The IPO of CATL proved highly popular, with its Hong Kong public offering oversubscribed by 150.15 times. The company revealed that the allocation lottery for retail investors resulted in a 10% chance of securing one lot.
Source: Dimsumdaily.hk
The Hang Seng Index weakened 19 points, or nearly 0.1%, to close at 24,499 on Thursday (July 17th), declining for the second consecutive session due to continued profit-taking after the benchmark inde...
The Hong Kong stock market was little changed on Thursday morning deals, after closing slightly lower the day before. The Hang Seng hovered around 24,516 in a choppy session, with modest gains in prop...
The Hang Seng Index fell 72 points, or 0.3%, to close at 24,518 on Wednesday (July 16th), down from a four-month high reached earlier in the session as traders booked profits. The decline ended a four...
The Hang Seng Index opened higher today, rising 113 points or 0.46% to 24,704. The China Enterprises Index gained 49 points or 0.56% to 8,927, while the Tech Index climbed 48 points or 0.88% to 5,479....
The Hang Seng Index surged 387 points, or 1.6%, to close at 24,590 on Tuesday (July 15), rising for a fourth straight session and reaching its highest level in nearly four months. The index rebounded ...
The Hang Seng Index weakened 19 points, or nearly 0.1%, to close at 24,499 on Thursday (July 17th), declining for the second consecutive session due to continued profit-taking after the benchmark index hit a four-month high earlier in the...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. Chip stocks rebounded from sharp losses the...
The Nikkei 225 rose 0.6% to close at 39,901, while the broader Topix climbed 0.7% to 2,840 on Thursday, snapping early losses and rebounding from a slight dip in the previous session. The benchmark index hit its highest level in two weeks,...
US President Donald Trump has the authority to fire Federal Reserve Chairman Jerome Powell for good reason if there is evidence to support it, White...
President Donald Trump on Monday threatened to impose "secondary tariffs" on Russia's trade partners "at about 100%" if President Vladimir Putin...
President Donald Trump said the US would send more Patriot air defense batteries to Ukraine, apparently in a shift in stance toward Russia after its...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...