That’s the highest reading for HSBC’s Hong Kong-listed shares in Bloomberg data going back to 1986, and puts the stock’s RSI atop the 76-member Hang Seng Index.
Hong Kong Home Prices Drop 15.6% in 2022, Snap 13 Years of Gain
Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual drop since 2008, official data showed on Friday. Prices in the Asian ...
Asian markets build on rally on hopes US will avoid recession
Asian markets rose again Friday as fears about a possible recession in the US economy were soothed by data showing it grew more than expected in 2022, adding to the broadly upbeat tone across ...
Xiaomi Shares Rise After EV Plans Leak
In recent days, leaked photos of car moldings related to Xiaomi's electric-vehicle plans have been circulated by users of Chinese social-media website Weibo.
Hong Kong’s financial market ready to take big leap in Year of Rabbit
Hong Kong's stocks and gold went up on Thursday, with the benchmark Hang Seng Index rose 341.72 points to open at 22,386.37 points, while gold fetched 18,088 Hong Kong dollars (about 2,319 U.S.
Virtual assets outlook: Hong Kong expected to develop a thriving fintech ecosystem over the coming year
Leading companies in the world of virtual assets and Web3 set an optimistic mood for the industry, including New Huo Tech with its annual report showing virtual assets accounting for 95 per cent of ...
Hong Kong’s card payments market to hit $106.7b in value by 2026
But rising interest rates and ongoing geopolitical tensions threaten growth. Hong Kong’s credit and charge card payments market will be valued $106.7b (HK$831.9b) by 2026, according to a report by ...
Hang Seng Index: Excitement as Golden Cross Forms
What is the outlook of the Hang Seng index as the golden cross pattern nears formation? We explain what to expect.
China’s IPOs lost their debut sizzle in 2022, boding ill for punters betting on a few quick yuan
That changed in 2019, when the regulator introduced a registration-based system for small-cap IPOs. It allows more flexibility to reflect demand from investors, taking the pricing closer to market ...
Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO
The Station, a weekly newsletter focused on transportation, looks at Zeekr's hiring spree, Tesla troubles and a price war, and Hesai's IPO.
Hong Kong stocks surge as traders greet Year of the Rabbit by loading up Alibaba, Tencent and Macau casino firms
Hong Kong stocks surged to the highest level since June as trading ... The Tech Index soared 7.5 per cent. Onshore financial markets are closed for the week. Alibaba Group Holding advanced 1.3 per ...
Hong Kong Returns To Lead Most Asian Markets Higher
Hong Kong led the way again, helped by hopes that China's reopening ... still after a run of resilient activity data, lower gas prices, easier financial conditions and earlier China reopening, ...
Hong Kong court finds major bank ANZ was scammed millions in six-year long nickel fraud
A Hong Kong court has found ANZ was defrauded of hundreds of millions of dollars by a trader and his affiliates, and was able to fraudulently obtain financing from the major Australian bank.
Hong Kong court finds that faked warehoused nickel receipts scammed ANZ for $412m
A trader, and entities linked to him, defrauded ANZ of more than $US293m ($412m) in a scheme involving 80 faked invoices, a Hong Kong court has found.