Asia

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China and Hong Kong stocks defied big sell-offs in Asia in Friday trading, with the Shanghai Composite capping its biggest gain in a month, as suspected state buying and bargain-hunting of beaten-down companies propped up equities reeling from the world?s worst performance last year. Apple suppliers in Asia, however, took […]

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Hong Kong and Chinese stocks struggled for direction on Thursday, ending the session with marginal losses, as Apple suppliers were hammered after the smartphone giant slashed its revenue outlook based on weaker-than-expected iPhone sales in China. The Hang Seng Index closed down 0.35 per cent, or 87.74 points, at 25,042.61. […]

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here?s how

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here?s how

After a bloodbath in 2018, the Hong Kong stock market just got bullish vote of confidence ? Citibank is forecasting the Hang Seng Index will rebound to 30,000 by the end of the year. That would be a nearly 20 per cent rise from its close at 25,130 on Wednesday. […]

Market woes continue into 2019 as China, Hong Kong stocks kick off new year with losses amid fresh indications of slowdown

Market woes continue into 2019 as China, Hong Kong stocks kick off new year with losses amid fresh indications of slowdown

The stock markets in mainland China and Hong Kong kicked off 2019 with losses, after two gauges indicated manufacturing had contracted in China, the world?s second-largest economy, and added to concerns about a slowdown. On the mainland, the benchmark Shanghai Composite Index dropped 1.15 per cent, or 28.61 points, to […]

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold pierced the US$1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures spiked as much as 0.4 per cent […]

What should traders of Hong Kong, China stocks expect after a year of ?heaven to hell??

What should traders of Hong Kong, China stocks expect after a year of ?heaven to hell??

Stock traders, get ready for a better year. 2018 was downright grisly for Hong Kong and mainland China markets. But market watchers expect things will pick up. Deutsche Bank, for example, predicts a 10 per cent rise in the Hong Kong market, while Morgan Stanley and Goldman Sachs forecast single-digit […]

Shanghai?s stock index ends 2018 as the world?s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai?s stock index ends 2018 as the world?s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai?s stock benchmark ended 2018 as the world?s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city?s key stock index closed the year […]

Don?t worry about amount raised, get out first ? Chinese firms rush to list overseas, avoid 2019 headwinds

Don?t worry about amount raised, get out first ? Chinese firms rush to list overseas, avoid 2019 headwinds

Vivien Han?s company went public in New York this summer, grabbing headlines in the Chinese media, and was considered another rising star that had successfully tapped the fast-growing Chinese consumer market. Han and her colleagues, however, did not consider the initial public offering (IPO) a success. ?We had to cut […]

Hong Kong investors brace for possible wild ride as wave of global trading gets ready to resume

Hong Kong investors brace for possible wild ride as wave of global trading gets ready to resume

Hong Kong traders are bracing themselves for what could be a wild session when trading resumes Thursday, following days of drama building out of the US that sparked a bloodbath on Wall Street and in Tokyo. The Hong Kong market has been closed since Monday noon for the Christmas holiday, […]

Why the Santa rally in stock markets may just be a little late

Why the Santa rally in stock markets may just be a little late

All financial analysts have to make confessions from time to time. And I am man enough to grovel to my readers.? In mid-November, I confidently leading up to Christmas. It was as expected as a government denial of incompetence. A weak October and November indicated that investors would turn the […]