Tag Archive

Hong Kong Stocks Decline on Earnings Concerns; Alibaba Tumbles (Bloomberg)

March 20, 2009 | NEWS

March 20 (Bloomberg) — Hong Kong stocks fell for the first time in three days on renewed concern a global recession is eroding corporate profit. (read the story…)
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HK Hot Stocks – BoCom drops after earnings; Tencent gains (Reuters via Yahoo! Philippines News)

March 19, 2009 | NEWS

HONG KONG, March 19 (Reuters) – By 0315 GMT the benchmark Hang Seng Index was down 0.4 percent at 13,063.72, after opening 0.7 percent firmer. (read the story…)
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Hong Kong Stocks Rise; Banks Lead Advance on Earnings Outlooks (Bloomberg)

March 17, 2009 | FINANCE

March 17 (Bloomberg) — Hong Kong stocks rose, reversing declines, lifting the benchmark Hang Seng index to a sixth- straight advance on optimism bank earnings will improve. (read the rest of the story…)
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Hong Kong’s Stock Index Falls; Hongkong & Shanghai Hotels Drops (Bloomberg)

March 12, 2009 | TRAVEL

March 12 (Bloomberg) — Hong Kong’s benchmark stock index fell on concern the global recession will erode corporate earnings and damp demand for raw materials. (read more…)
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China Telecom warns of sharp drop in 2009 profit (Reuters via Yahoo! Malaysia News)

March 10, 2009 | WIRELESS

HONG KONG, March 10 (Reuters) – China Telecom Corp <0728.HK> said on Tuesday it expected to see a significant year-on-year decline in 2008 profit due to a provision against impairment loss of a telecom asset. (read the story…)
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Hong Kong Stocks Fall Most in Three Months; HSBC Leads Plunge (Bloomberg)

March 10, 2009 | BUSINESS

March 9 (Bloomberg) — Hong Kong stocks fell, with HSBC Holdings Plc leading the benchmark index to its steepest drop in three months amid concern a world recession will erode earnings. (read on…)
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China Vanke 2008 net drops 17 pct, cuts housing starts (Reuters via Yahoo! Philippines News)

March 10, 2009 | REAL ESTATE

HONG KONG, March 9 (Reuters) – China Vanke Co , the country’s biggest listed real estate developer, on Monday reported a 16.7 percent fall in 2008 profit as the global financial crisis dampened demand and it downsized its housing start target by 23 percent this year. (read the news…)
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China Vanke 2008 net drops 17 pct, cuts housing starts (Reuters via Yahoo! Singapore News)

March 10, 2009 | REAL ESTATE

HONG KONG, March 9 (Reuters) – China Vanke Co , the country’s biggest listed real estate developer, on Monday reported a 16.7 percent fall in 2008 profit as the global financial crisis dampened demand and it downsized its housing start target by 23 percent this year. (read the news…)
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Hong Kong Stocks Fall to Four-Month Low; HSBC Slumps 24% (Bloomberg)

March 9, 2009 | BUSINESS

March 9 (Bloomberg) — Hong Kong stocks fell, dragging the benchmark index to the lowest close in more than four months amid heightened concern a deepening world recession will erode corporate earnings. (read on…)
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Hang Seng Bank net falls (China Daily)

March 3, 2009 | FINANCE

Hang Seng Bank, Hong Kong’s second-largest commercial lender, yesterday posted a sharp fall in second-half 2008 earnings and predicted more challenges ahead in 2009 amid falling exports and shrinking domestic demand. (read the rest of the story…)
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