Date
15 October 2018

Markets

  • Mainland lenders again lead HSI lower

    Dec 12, 2013 6:17pm
    Hong Kong stocks extended their slide into a second day Thursday, weighed on by mainland banks disheartened by the central bank’s decision to suspend its open market operations this week. The Hang Seng Index dipped 120...
  • China insurers, lenders drag on stocks

    Dec 11, 2013 6:08pm
    Chinese insurers and lenders weighed on the Hang Seng Index Wednesday, pushing the Hong Kong benchmark near a one-month low. It lost more than 400 points, or 1.71 percent, to finish at 23,338, with much of...
  • Green plays fly but HSI gives up some ground

    Dec 10, 2013 6:02pm
    The Hang Seng Index closed lower Tuesday despite a rally in environmental stocks and some positive economic data out of China. The Hong Kong benchmark lost 66 points, or 0.28 percent, to finish at 23,744. The Hang...
  • Shipping, casino plays drive HSI higher

    Dec 9, 2013 5:53pm
    Hong Kong stocks closed higher Monday, bolstered by gaming plays and shipping counters. The benchmark Hang Seng Index rose 68 points, or 0.29 percent, to 23,881 points. The Hang Seng China Enterprises Index, the main gauge...
  • CSRC eyes support, delisting systems for IPO reform, paper says

    Dec 9, 2013 10:14am
    The China Securities Regulatory Commission (CSRC) said it will soon launch a support system for the initial public offering (IPO) reform plan and strictly implement a delisting system, China Daily reported over the weekend. Measures for the administration...
  • Tencent, China lenders help HSI recoup losses

    Dec 6, 2013 5:29pm
    The Hong Kong stock market endured another day of volatility Friday, with the benchmark Hang Seng Index falling almost 100 points in the morning before clawing back the losses and ending the day 30 points, or 0.13 percent,...
  • China feels increasingly compelled to upgrade its security strategy to help safeguard its interests. Photo: Bloomberg

    WEEKENDER: China air zone exposes dilemma in US pivot

    - Dec 6, 2013 2:57pm
    U.S. Vice President Joe Biden capped his two-day trip to Beijing by reaffirming Washington’s commitment to building a candid relationship with China, despite geopolitical tensions triggered by Beijing’s new air defense zone. Addressing the American Chamber...
  • Gary Dugan, chief investment officer of Asia and the Middle East at Coutts & Co., says geopolitical problems such as the territorial dispute between China and Japan will lead to strong demand for gold. Photo: Reuters

    Gold may hit US$1,300 in six months, Coutts says

    - Dec 6, 2013 6:00am
    Investors should keep 2 to 5 percent of their portfolio in gold as the yellow metal still has upward momentum to hit US$1,300 within three to six months, underpinned by potential geopolitical risks and fundamental floors,...
  • 4G launch gives lift to telecom equipment makers

    Dec 5, 2013 5:24pm
    The Hong Kong stock market had a choppy trading session Thursday, with the benchmark Hang Seng Index falling as much as 165 points before making up some of the losses to end the day 16 points,...
  • China Cinda IPO raises US$2.5 bln, WSJ says

    Dec 5, 2013 2:54pm
    China Cinda Asset Management Co. has raised US$2.5 billion in an initial public offering in Hong Kong, its largest float this year, the Wall Street Journal reported. The debt-clearing company, which buys bad loans from Chinese banks,...
  • In and out: A way to fix China stock market

    - Dec 5, 2013 8:55am
    Late last month, China decided to resume initial public offerings (IPOs) in January after a freeze of more than a year. Along with the decision were new listing rules. The rules establish an IPO registration system,...
  • Mixed signals after 3 mobile carriers gain 4G licenses

    Dec 4, 2013 5:49pm
    The time has finally come and the mainland authorities have at last granted long-awaited 4G licenses. China Mobile (00941.HK), one of the three main carriers, was granted a TD-LTE license, while rivals China Unicom (00762.HK) and China...
  • HSI takes a breather while nuclear power, cement plays jump

    Dec 3, 2013 5:35pm
    After closing above 24,000 points Monday, investors spent Tuesday taking profit, putting selling pressure on the Hong Kong benchmark index. The Hang Seng Index fell 128 points, or 0.53 percent, to 23,901. The Hang Seng China...
  • Investor accuses Everbright of insider trading, paper says

    Dec 3, 2013 2:36pm
    An individual investor has filed an insider trading lawsuit against Everbright Securities in Shanghai, Shanghai Daily reported Tuesday, citing Xinhua. A glitch in Everbright’s trading system triggered a deluge of orders that caused wild gyrations in...
  • China holiday travel won’t get any better next year

    Dec 3, 2013 8:07am
    China’s National Holiday Office, an entity under the State Council, has taken up the thankless task of conducting surveys through major Web portals and soliciting public opinions regarding the 2014 public holiday arrangement. Three vacation options...
  • Everbright Bank set for US$2 bln Hong Kong IPO, WSJ says

    Dec 3, 2013 7:01am
    China Everbright Bank Co. is planning to start selling shares on Dec. 10 in an initial public offering worth up to US$2 billion, its third attempt to go public, the Wall Street Journal reported Monday. Everbright Bank,...
  • HSI rises 0.6% as HSBC China PMI beats expectations

    Dec 2, 2013 5:29pm
    Hong Kong’s benchmark Hang Seng Index (HSI) shot up to a 30-month high Monday after the HSBC China purchasing managers index for November came in at 50.8, the second-highest reading in eight months and above the forecast...
  • File photo of an investor looking at an electronic board showing stock information at a brokerage house in Huaibei

    The Big Picture: IPO RESUMPTION

    Dec 2, 2013 8:27am
    China’s securities regulator unveiled on Saturday a long-awaited reform plan for the nation’s initial public offering (IPO) system, sparking hopes for a revival of new listings soon and lifting the prospects of financial services providers. The new...
  • Jewelry plays to glitter in year of marriage

    Dec 2, 2013 8:02am
    Under the Chinese lunar calendar, 2014 is considered to be a good year to get married. Thus, it will be no surprise if we see a significant spike in the number of weddings next year and...
  • HK stocks gain 2.9 percent in November, shipping plays lead rise

    Nov 29, 2013 5:55pm
    Hong Kong’s benchmark index climbed 92 points or 0.4 percent to close at 23,881 points on the last trading day of November. For the whole month, which covered the Communist Party plenum where wide-ranging reforms were...

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