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01 Mar Hong Kong stocks snap two-day drop as weak manufacturing report spurs bets on China to support economy

Posted at 02:59h in Asia

Hong Kong stocks snapped a two-day drop after an official report showed a slump in manufacturing in China persisted last month. It heightened bets on stronger economic stimulus measures as policymakers gather next week to set economic targets.The Hang Seng Index rose 0.7 per cent...

29 Feb Hong Kong stocks set for best monthly gain since January 2023 on property tonic, China market intervention

Posted at 03:13h in Asia

Hong Kong stocks set for best monthly gain since January 2023 on property tonic, China market interventionHong Kong stocks rose, underpinning the best monthly performance since January 2023 as the city’s government took steps to revive the property market. Market sentiment improved after China’s state-run...

28 Feb Hong Kong stocks retreat from this year’s high as Country Garden winding-up petition sends developers sliding

Posted at 02:28h in Asia

Internet giant Tencent Holdings slipped 0.9 per cent to HK$282.20.Limiting the losses, online games operator NetEase surged 6.3 per cent to HK$179.70 after the industry regulator approved 111 new titles this month. Baidu gained 1.8 per cent to HK$110.50 before its earnings announcement later on...

27 Feb Hong Kong stocks slide for third day as rebound spurred by government intervention fades; Li Auto jumps as profit hits record

Posted at 02:57h in Asia

Hong Kong stocks dropped for a third day as a rebound spurred by state intervention continued to lose momentum. Investors were cautious ahead of the city’s budget address on Wednesday.The Hang Seng Index fell 0.3 per cent to 16,580.04 as of 9.57am local time, extending...

26 Feb Hong Kong stocks drop for second day as traders await corporate earnings from Baidu, NetEase Li Auto to back up sentiment-driven rebound

Posted at 02:55h in Asia

Hong Kong stocks fell for a second day as traders held off bets after a three-week rally. The market is looking for signs of stronger corporate earnings from Baidu, NetEase and Li Auto this week to support the recent rebound fuelled by China’s market intervention.The...

23 Feb Hong Kong stocks join global rally for best weekly winning streak since June as Baidu, Tencent rise

Posted at 02:45h in Asia

Hong Kong stocks climbed for a fourth day, joining a global market rally as tech stocks regained flavour amid advances in computing and artificial intelligence. Equities in mainland bourses extended gains as a government report showed home prices fell at a slower pace.The Hang Seng...

22 Feb Hong Kong stocks waver near 7-week high on mixed corporate earnings signals while developers trim speculative rally

Posted at 03:10h in Asia

Hong Kong stocks wavered near a seven-week high amid mixed corporate earnings signals as lender HSBC underwhelmed and travel platform operator Trip.com beat market consensus. Property developers pared gains fuelled by speculation about market-easing measures.The Hang Seng Index slipped 0.3 per cent to 16,459.93 at...

21 Feb Hong Kong stocks rise to 7-week high on property market speculation as China pledges regulatory predictability

Posted at 03:05h in Asia

Hong Kong stocks gained as property developers advanced on speculation the city’s government will remove more curbs this month to stem an industry slump, while HSBC jumped before its earnings report. China pledged to improve policy transparency while state-run funds have stepped up intervention.The Hang...

20 Feb Hong Kong stocks waver as BYD, Li Auto lead slide in EV makers on price war, Chinese builders gain after surprise cut in lending rate

Posted at 02:46h in Asia

Hong Kong stocks slipped for a second day as top Chinese electric-vehicle producers slumped amid a fresh round of price war. Some Chinese developers advanced, tempering market losses, following a record cut in a key onshore lending rate. HSBC climbed before its earnings report.The Hang...

19 Feb Hong Kong stocks drop, halting Year of Dragon rally, on China policy rate decision, Hang Seng Index letdown

Posted at 02:59h in Asia

Hong Kong stocks declined after China’s central bank refrained from cutting its key rates in a move to protect the local currency, sending a conflicting signal about its readiness to revive the economy. Stocks on mainland bourses reopened higher to catch up with roubst...

Hang Seng Index Tag