Post Tagged with: "Stock Talk"

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. […]

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 […]

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, […]

Hong Kong, Shanghai stocks fall after US Fed defies investors? call and keeps aggressive pace of interest rate increases

Hong Kong, Shanghai stocks fall after US Fed defies investors? call and keeps aggressive pace of interest rate increases

Hong Kong and Shanghai stocks dropped in Thursday?s early trading, along with other Asian markets, as the US Federal Reserve Chairman Jerome Powell kept his aggressive pace of rate increases and ignored investors? calls for a slower clip. The Fed raised the key interest rate by 25 basis points for […]

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100?s surge topped […]

China, Hong Kong stocks slide after president?s milestone speech leaves out stimulus for kick-starting a slowing economy

China, Hong Kong stocks slide after president?s milestone speech leaves out stimulus for kick-starting a slowing economy

Equity prices slid in Hong Kong and mainland China, following an overnight bloodbath in the US markets and a keynote speech Tuesday by Chinese President Xi Jinping that failed to provide a much-anticipated stimulus to kick-start the sagging economy. The Shanghai Composite Index, which started Tuesday?s trading with single point […]

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

US stocks suffered heavy losses on Thursday, a day after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world?s second-largest economy was […]

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, a state monopoly that is by far the biggest cigarette maker in the world, plans to list its international unit on the Hong Kong stock exchange even as pressure increases on the government to curb smoking. The unit, China Tobacco International, is primarily responsible for procuring overseas […]

Hong Kong, China stocks rise after Huawei?s Meng Wanzhou is freed on bail and possible tariff cut

Hong Kong, China stocks rise after Huawei?s Meng Wanzhou is freed on bail and possible tariff cut

Stocks in Hong Kong and China rose as US-China trade tensions eased after Beijing signalled it would cut tariffs on imports of US cars and the detained executive of Huawei Technologies was released on bail. The Hang Seng Index climbed 1.6 per cent, or 415.04 points, to 26,186.71 on Wednesday, […]

China, Hong Kong stocks rise, but US-China trade talks continue to weigh on sentiment

China, Hong Kong stocks rise, but US-China trade talks continue to weigh on sentiment

Stocks listed in China rose on Tuesday but turnovers shrank to a three-month low, as traders waited for clarity on US-China trade talks in the aftermath of Huawei chief financial officer Sabrina Meng Wanzhou?s detention in Canada. The Shanghai Composite Index added 0.4 per cent, or 9.51 points, to 2,594.09 […]