Hong Kong stocks ended flat on Monday following last week’s healthy gains, with traders keeping tabs on developments in China where authorities are battling another Covid outbreak. The Hang Seng Index inched up 5.10 points to 26,132.03. The Shanghai Composite Index rose 0.76 percent, or 27.26 points, to 3,609.86, while the Shenzhen Composite Index on […]
Hong Kong stocks ended a positive week with more gains on Friday as traders were buoyed by reports that troubled developer China Evergrande had averted a default after paying interest on a bond just ahead of a weekend deadline. The Hang Seng Index rose 0.42 percent, or 109.40 points, to 26,126.93. Evergrande climbed 4.26 percent. […]
Hong Kong stocks rose for a fourth straight day on Wednesday following another positive Wall Street lead, while sentiment was also buoyed by hopes that China’s recent crackdown on the country’s tech sector may be winding down. The Hang Seng Index rallied 1.35 percent, or 348.81 points, to 26,136.02. The Shanghai Composite Index eased 0.17 […]
Hong Kong shares jumped more than one percent on Friday as investors returned after a break to play catch up with a global rally fuelled by a healthy start to the corporate earnings season. The Hang Seng Index climbed 1.5 percent, or 368 points, to 25,330. The Shanghai Composite Index rose 0.4 percent, or 14 […]
Hong Kong stocks closed with losses on Tuesday following three days of healthy gains and with investors growing worried about surging inflation and a global energy crunch. The Hang Seng Index dropped 1.43 percent, or 362 points, to 24,962. The Shanghai Composite Index slipped 1.25 percent, or 44 points, to 3,546, while the Shenzhen Composite […]
Hong Kong stocks finished with more healthy gains on Monday as tech firms were boosted by news that Chinese authorities had fined food delivery firm Meituan less than expected over monopolistic behaviour. The Hang Seng Index climbed 1.96 percent, or 487 points, to 25,325. The Shanghai Composite Index was flat, inching down 0.46 points to […]
Hong Kong stocks extended gains after US lawmakers reached a deal to raise the debt ceiling and avoid a catastrophic default. The Hang Seng Index rose 0.55 percent, or 136 points, to 24,837. Shares in mainland China also rose on Friday as investors returned from a week-long break to catch up with a global rally. […]
TOKYO, Oct 8, 2021 – (JCN Newswire via SEAPRWire.com) – The TOYOTA GAZOO Racing World Rally Team takes on the penultimate round of the 2021 FIA World Rally Championship – the Rally de Espana on October 15-17 – with the opportunity for both the manufacturers’ and drivers’ titles to be clinched on fast and flowing […]
Hong Kong stocks ended on a healthy note on Tuesday as fears over the Evergrande crisis ease, with energy firms boosted by a rally in oil and gas prices and recently beaten-down tech and casino firms also enjoying some bargain-buying. The Hang Seng Index climbed 1.2 percent, or 291 points, to 24,500. The Shanghai Composite […]
Hong Kong stocks finished Friday with losses as a lack of information from struggling property giant Evergrande about its bond payments spurred uncertainty among investors. The Hang Seng Index dropped 1.3 percent, or 318 points, to 24,192. The Shanghai Composite Index fell 0.8 percent, or 29 points, to 3,613, while the Shenzhen Composite Index sank […]
Stocks rose in Hong Kong on Thursday as investors returned from a midweek break to easing concerns about troubled property giant Evergrande, while they also welcomed comments from the Federal Reserve on tapering its monetary policy. The Hang Seng Index climbed 1.2 percent, or 289 points, to 24,510. But the Shanghai Composite Index rose 0.4 […]
Hong Kong stocks finished Friday with a gain, bringing an end to four days of painful selling, with casinos and tech firms clawing back some of the week’s steep losses. The Hang Seng Index rose 1 percent, or 252 points, to 24,920. But the Shanghai Composite Index edged up 0.2 percent, or 6 points, to […]
Hong Kong stocks fell for a fourth straight day on Thursday as casinos extended the previous day’s rout, while investors were also on edge over the mainland’s regulatory clampdown and ongoing concerns about the fast-spreading Delta virus variant. The Hang Seng Index dropped 1.5 percent, or 365 points, to 24,667. But the Shanghai Composite Index […]
Hong Kong stocks tumbled on Wednesday, with casino operators crashing after Macau officials unveiled plans to tighten their grip on the sector, while traders were also spooked by retail sales data indicating China’s economic recovery slowed further in August. The Hang Seng Index sank 1.84 percent, or 469 points, to 25,033. Sands China and Wynn […]
Hong Kong shares sank on Monday with tech firms again suffering after mainland regulators ordered sweeping changes to the country’s biggest payment app, Alipay, as leaders press ahead with a crackdown on the sector. The Hang Seng Index fell 1.5 percent, or 392 points, to 25,813. But the Shanghai Composite Index rose 0.3 percent, or […]
Hong Kong stocks closed with steep losses on Tuesday as traders awaited the release of US inflation data later in the day, with sentiment soured by concerns over massively indebted property giant Evergrande as well as a new virus flare-up in China. The Hang Seng Index dropped 1.2 percent, or 311 points, to 25,502. But […]
Hong Kong stocks enjoyed a healthy rebound on Friday after the previous day’s plunge, with traders tracking gains across Asia after Xi Jinping and Joe Biden held phone talks and urged a way forward away from conflict. The Hang Seng Index climbed 1.9 percent, or 489 points, to 26,205. The Shanghai Composite Index added 0.3 […]
Hong Kong stocks closed just over one percent higher on Monday as weak US jobs data fuelled optimism that the Federal Reserve will delay phasing down its massive stimulus. The Hang Seng Index climbed 1 percent, or 261 points, to 26,163. The Shanghai Composite Index rose 1.1 percent, or 40 points, to 3,621, while the […]
Hong Kong shares finished Friday with a loss, ending a four-day winning streak as profit-takers moved in, while market heavyweight Alibaba tumbled after it donated more than US$15 billion to charitable causes following a call by President Xi Jinping for the rich to do more to tackle inequality. The Hang Seng Index fell 0.7 percent, […]
Hong Kong stocks rose on Thursday but were well off the morning’s highs following news that China had given several ride-hailing firms a dressing down in the latest crackdown on the tech sector. The Hang Seng Index edged up 0.24 percent, or 62 points, to 26,090. The Shanghai Composite Index climbed 0.84 percent, or 29 […]