Hong Kong's Hang Seng index fell Friday as tech shares tumbled again in a volatile week of trading. U.S. stocks rallied during Thursday's regular session even as data showed second-quarter GDP rose ... ( read original story ...)
Hong Kong’s Hang Seng tumbles more than 2% as tech shares decline; Asia-Pacific markets dip
Hong Kong’s Hang Seng index tumbled more than 2% by the afternoon. Declines were seen in tech stocks after they had jumped on Thursday. Alibaba tumbled 5.5%, Tencent was down 4%, and Meituan dived ... ( read original story ...)
Hong Kong’s Central district isn’t all banks – the people who give it charm and character celebrated in new exhibition
Central, as the name denotes, has always been the nerve centre of Hong Kong and a district synonymous with power and money. The local architecture reflects that. Bank headquarters and Exchange Square, ... ( read original story ...)
Hong Kong stocks decline in worst month since October 2018 as China’s tech clampdown elevates risk premium
The city’s benchmark stock index is on course for its biggest weekly loss since February and its worst month since October 2018. Traders trimmed bets amid a surge in regulatory risks and market ... ( read original story ...)
Stocks rally short of records, Robinhood’s IPO disappoints
U.S. stock indexes were higher Thursday as traders assessed the disappointing gross domestic product report ahead of Robinhood Markets Inc.'s initial public offering. ( read original story ...)
IPO U-turn is probably Didi’s most sensible route
A quick turn of the steering wheel might benefit Didi Global (DIDI.N). The regulatorily beleaguered Chinese ride-hailing group denied a report that it’s considering going private just a month after an ... ( read original story ...)
Hong Kong Internet Gains As China Looks To Reassure Investors
Asia was a sea of green following Powell’s press conference. The rally in Hong Kong dual-listed Chinese internet stocks exceeded yesterday’s US rally, which could lead to further gains in the US ... ( read original story ...)
Hong Kong Market extends gain after Beijing calms frayed nerve
At closing bell, the benchmark Hang Seng Index advanced 3.3%, or 841.44 points, to 26,315.32. The Hang Seng China Enterprises Index added 3.8%, or 344.59 points, to 9,415.69. ( read original story ...)
Ant-backed Chinese vending machine firm weighs $500m IPO in Hong Kong
Beijing Ubox, a Chinese intelligent vending machine maker, is weighing a Hong Kong initial public offering that could raise as much as US$500 million,” Bloomberg reported, citing people familiar with ... ( read original story ...)
Hong Kong’s Hang Seng index jumps 3% as stocks recover from early week slump
Hong Kong's Hang Seng index jumped 2.79% in morning trading on Thursday, continuing its bounce back after closing more than 1% up the day before. ( read original story ...)
Hong Kong man faces life in prison for murdering father with steak knife before stealing HK$200,000 to repay loan sharks
Insurance agent Lai Kan-yau, 29, admitted killing Lai Kam-fook, 65, but said he acted in self-defence after his father swore at him, called his wife a prostitute and attacked him. ( read original story ...)
Ant Group-backed Ubox plans for a $500 million Hong Kong IPO
Ubox, a Chinese vending machine maker backed by Ant Group, hopes to raise as much as $500 million through a Hong Kong IPO, Bloomberg reported Thursday. Valued at around $1 billion, Ubox could go ... ( read original story ...)
Hong Kong’s Hang Seng jumps 3% as stocks bounce back from early week slump
Hong Kong's Hang Seng index jumped 3.3% on Thursday ... Fed Chairman Jerome Powell said the U.S. central bank is nowhere near considering a rate hike despite the optimism over the U.S. economy. The ... ( read original story ...)
Here’s Why the Hang Seng Index Just Made a Comeback
In this article, we explain why the Hang Seng index just made a strong comeback today and what to expect in the near term. ( read original story ...)