Hong Kong stocks dropped for a second day pressured by weakness in the Chinese yuan currency which hovered around a five-month low. Investors are also cautious awaiting trade data which is expected to show a contraction in exports from the world’s second-largest economy.The Hang Seng...
Hong Kong stocks slid from a four-month high, as China’s sluggish inflation data suggested weak domestic demand and as investor expectations of US interest rate cut were dealt a blow by surging consumer prices.The Hang Seng Index fell 1.3 per cent to 16,925.09 as of...
Hong Kong stocks advanced in early deals on Wednesday, lifting the benchmark index to a four-week high, as a growing number of corporate buy-backs lifted hopes that more companies will return excess cash to shareholders and support market gains.The Hang Seng Index rose 1 per...
The pay cuts among the top 10 brokerages ranged from 1.2 per cent to 27 per cent, with Shanghai-based Shenwan Hongyuan Group slashing salaries the most, the data shows. The average salary at Citic Securities, the biggest of the firms by revenue, dropped by 5.3...
Hong Kong stocks rose for a second day, with the benchmark hovering near a four-week high, as NetEase rallied among game operators after China approved new imported game titles this month.The Hang Seng Index gained 0.5 per cent to 16,814.63 as of 10.39am local time....
Hong Kong stocks edged up in early trade on Monday, driven by cautious optimism around US-China talks, described as “extensive and productive” by US Treasury Secretary Yellen. Investors were however watchful ahead of a flurry of key economic data releases during the week that will...
China’s state-directed buying binge has swollen the size of exchange-traded funds (ETFs) tracking the underlying benchmark CSI 300 Index, vaulting these investment products to the top of the nation’s mutual-fund rankings.This intervention is reflected in the outperformance of the CSI 300 Index, which includes the...
Global fund managers have become more positive about Chinese stocks after the securities regulator took a flurry of forceful measures to halt a three-year decline, according to a joint-venture brokerage of HSBC Holdings.That conclusion is based on meetings with more than 60 global institutional investors...
Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, according to China’s biggest money manager.The base probability of sustainable high-quality growth at companies is...
Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market as investors struggle to find fresh catalysts.The uptick in the Hang Seng Index is at...