The Wall Street giant turned overweight on the region’s shares from neutral two weeks ago, even as it expects earnings for companies excluding Japan to fall 40% this year. Asia presents an ... ( read original story ...)
Anticipate a wave of ‘revenge buying’ in Hong Kong: Portfolio manager
Hong Kong posted a 42% plunge in March retail sales as decreased tourism from China and strict lockdown measures took hold. As the city eases social restrictions, Eastspring Investment's Sarah Lien ... ( read original story ...)
China calls Hong Kong protesters a ‘political virus’
Beijing escalates rhetoric as it is accused of using coronavirus as cover to ‘turn screws’ ... ( read original story ...)
HK shares end higher as China’s yuan fixing soothes some nerves
Hong Kong shares ended higher on Wednesday, as investors saw China's yuan fixing offering some relief, amid a resurgence in Sino-U.S. trade tensions. ( read original story ...)
China warns Hong Kong protesters against ‘stirring up trouble’
China warned Hong Kong protesters Wednesday it would not tolerate them "stirring up trouble again" in the semi-autonomous territory that was rocked by months of pro-democracy demonstrations last year. ( read original story ...)
Hong Kong Retail Slumps in March as Chinese Consumers Vanish
Hong Kong’s retailers will need to get creative to survive the deepening recession that’s enveloped the city as tourists from the mainland who fueled past rebounds are unlikely to come to the rescue ... ( read original story ...)
Coronavirus latest: Beijing warns Hong Kong protesters it will not ‘sit idly by’
China brands anti-government demonstrators as ‘political viruses’, increasing the rhetoric as the territory eases social distancing restrictions. ( read original story ...)
Hong Kong business activity shrinks further in April on slumping demand
Business activity in Hong Kong shrank further in April, a private sector survey showed on Wednesday, as the conronavirus pandemic weighed heavily on demand, output and business confidence. ( read original story ...)
Hong Kong shares end firmer as city scales back lockdown measures
Hong Kong shares closed higher on Tuesday after the Asian financial hub scaled back social distancing measures put in place to curb the spread of the pandemic, and as economies elsewhere also showed ... ( read original story ...)
Is This The Right Time For A Chinese IPO In US? Kingsoft Cloud Will Soon Find Out
From this sale, Kingsoft Cloud expects to generate net proceeds of between $392 million and $451 million. The company would then have a market value of between $3.6 billion and $3.8 billion. Kingsoft ... ( read original story ...)
Hong Kong Retail Sales Plunge as Tourism Spending Dwindles
The coronavirus pandemic continues to deter consumer spending in Hong Kong, with travel restrictions halting tourist trade and government orders keeping residents away from stores amid fears of ... ( read original story ...)
NetEase looks to Hong Kong secondary listing, sources say
Chinese technology group NetEase is set to become the next major mainland company to sell its shares in Hong Kong, two sources familiar with the matter said, in a secondary listing that one media ... ( read original story ...)
China Market Update: Bargain Hunters Lift Hong Kong
Alibaba HK (9988 HK) was the most heavily traded stock today off -0.63% as short selling increased on speculation that US-listed shares were being converted to Hong Kong shares to be sold. ( read original story ...)
Stocks gain from Hong Kong to Wall Street on reopening hope
Stocks rose worldwide on Tuesday as more countries relaxed restrictions on businesses, raising hopes for a recovery from the historic plunge that is sweeping the global economy. The S&P ... ( read original story ...)