HSI surges over China rate cut

Hong Kong equities closed higher on Friday, with market sentiment boosted by China’s decision to lower a key benchmark rate. The Hang Seng Index rose 2.96 percent, or 596.56 points, to 20,717.24. Both the mainland’s indexes also closed higher. The Shanghai Composite Index jumped 1.60 percent, or 49.60 points, to 3,146.57, while the Shenzhen Composite […]

Nissin Foods Achieves Steady 2022 Q1 Financial Results

HONG KONG, May 13, 2022 – (ACN Newswire via SEAPRWire.com) – Nissin Foods Company Limited (“Nissin Foods” or the “Company”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 (“the Reporting Period”). The Group’s revenue increased by 10.1% […]

Hong Kong shares open flat

Hong Kong stocks barely moved at the open of trade on Friday as traders struggled to track a strong rally on Wall Street, with tech firms in the spotlight after Apple and Amazon reported below-forecast earnings. The Hang Seng Index inched down to 20,271. The Shanghai Composite Index rose 0.36 percent to 2,986, while the […]