BOC Hong Kong collected 0.84 percent, Sands China shed 0.82 percent, Industrial and Commercial Bank of China lost 0.68 percent, New World Development slid 0.48 percent, AIA Group fell 0.22 percent, Hong Kong & China Gas dipped 0.13 percent and Power Asset ... ( read original story ...)
Hong Kong Bourse May Extend Thursday’s Losses
BOC Hong Kong lost 0.60 percent and China Mobile fell 0.30 percent. The lead from Wall Street offers little clarity as stocks were mixed again on Thursday as the Dow and the S&P 500 hit new record closing highs, but the tech-heavy NASDAQ ended in the red. ( read original story ...)
Is the Market Too Aggressive on a BoC slam-dunk rate hike?
In Hong Kong, the Hang Seng Index rose to a fresh closing high overnight ... USD/CAD (C$1.2433) is not straying too far from yesterday’s close ahead of this mornings Bank of Canada (BoC) rate decision. Markets are looking for the central bank to hike ... ( read original story ...)
Hong Kong Stock Market May Take Further Damage
BOC Hong Kong collected 0.74 percent, Henderson Land shed 0.67 percent, New World Development lost 0.65 percent, China Petroleum and Chemical (Sinopec) fell 0.61 percent, China Life added 0.40 percent, Industrial and Commercial Bank of China gained 0.15 ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Slip From Record High
HONG KONG (Jan 25) -- Hong Kong stocks retreated on Thursday from ... with Industrial & Commercial Bank of China (ICBC) and Bank of China (BOC) shedding 1.9% each. Concerns that share placements by an increasing number of companies would absorb some ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Rebound, Poised For Fresh Record High
and Bank of China (BOC) each added 3.7%. Heavyweights Tencent Holdings and Ping An Insurance Group climbed 2.5% each. More than 95 billion Hong Kong dollars ($12.2 billion) in shares had changed hands on the stock exchanges main board by noon, with ... ( read original story ...)
Dovish BoC Remains a Risk Ahead of Rate Decision
There is a possibility that tomorrow’s BoC statement could emphasizes their cautious outlook ... some of the dollar-driven gains they made in yesterday’s session. In Hong Kong, the benchmark Hang Seng Index rose to a record closing high overnight ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Score Fresh All-time High
Hong Kong's Hang Seng Index rose 0.3% to end at 31,983.41 ... 01:24p TSX set to open higher ahead of BoC interest rate decision 12:07p MARKET SNAPSHOT: Dow Futures Point To Triple-digit Gain And Fresh Push Toward 26,000 12:07p CHARLES SCHWAB: Dow Futures ... ( read original story ...)
Hang Seng hits a record while other Asian markets fight for gains
While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% was recently up 1.6% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on ... ( read original story ...)
Hang Seng rises for 7 weeks in a row, hits record high
The top gainer on Hang Seng was China Construction Bank Corp , up 6.07 percent ... At close, China’s A-shares were trading at a premium of 28.36 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was ... ( read original story ...)
Hong Kong’s benchmark stock index resumes upwards trajectory
Hong Kong’s benchmark stock index has resumed its upwards trajectory after closing at a record two days earlier, as a weaker currency drove investors to park their dollars in assets that could offer higher returns, such as equities and real estate. ( read original story ...)
Homeless in Hong Kong: soaring costs fuel housing crisis in Asian financial hub
HONG KONG (Reuters) - Cheung Muk-gun's home is an illegal, wooden shack under a highway in one of the poorest areas of Hong Kong, where sky-high property prices and a yawning wealth gap have helped fuel a surge in homelessness. The 72-year-old earns about ... ( read original story ...)
Hong Kong shoemaker sued by fashion brands Bottega Veneta and Balenciaga for copyright infringement
A famous Hong Kong shoemaker was on Wednesday sued by international fashion houses Bottega Veneta and Balenciaga over an alleged copyright infringement. The two brands demanded an unspecified sum of damages as well as court injunctions to restrain Ng Chung ... ( read original story ...)
Why do Hong Kong tycoons hold on to their wealth while Westerners give back so much?
When property and casino magnate Lui Che-woo of K Wah Group obliged, I wondered if I would get straight answers. But that’s exactly what I got over a lunch of takeaway fishball noodles with Hong Kong’s third-richest man. A huge cultural difference ... ( read original story ...)