Hong Kong stocks extended last week’s slump as casino operators tumbled after Chinese authorities detained employees from billionaire James Packer’s Crown Resorts Ltd., while property developers led losses by financial shares. The Hang Seng Index fell ... ( read original story ...)
Hong Kong Draws Firm Lead For Monday
The Hong Kong stock market on Friday halted the four-day losing streak in which it had fallen more than 925 points or 4 percent. The Hang Seng Index settled just above ... who said the central bank should consider running a "high-pressure economy" to ... ( read original story ...)
Hong Kong Stocks Fall as Casinos Plunge After Crown Detentions
The Hang Seng Index fell 0.4 percent ... signaled Friday that the central bank will remain deliberate in raising interest rates as the odds for monetary tightening in December hovered above 60 percent. With Hong Kong’s currency pegged to the dollar ... ( read original story ...)
Asia shares modestly lower as investors wary of Fed's plans
South Korea's Kospi gained 0.1 per cent to 2,025.97, while Australia's S&P/ASX 200 dipped 0.5 per cent to 5,406.40. Hong Kong's Hang Seng slipped 0.6 per cent to 23,093.51 and the Shanghai Composite index fell 0.1 per cent to 3,062.53. The SET of Thailand ... ( read original story ...)
Wall of Chinese Money Making Hong Kong Stocks Asia’s Wildest (2)
(Bloomberg) -- Hong Kong is becoming the new wild east as mainland investors increasingly target the city’s stocks. Swings in the Hang Seng China Enterprises Index ... HSBC Holdings Plc and Industrial & Commercial Bank of China Ltd., the two most traded ... ( read original story ...)
Hong Kong stocks slip on profit taking
Hong Kong shares slipped in morning trade on Monday as profit-takers moved on following a rally at the end of last week. The Hang Seng Index fell 0.5 percent, to 23,107 after about 90 minutes of trading. But in Shanghai, the benchmark composite index was ... ( read original story ...)
Stories of HSBC lions roar to life in the bank’s latest app
Established brands are no exception. In its latest branding effort, HSBC has launched a new mobile app, “HSBC in Hong Kong: A Virtual Story”, to bring to life the history of Hong Kong and HSBC. The app uses augmented reality to show a mosaic map of ... ( read original story ...)
World's oldest-ever captive panda dies in Hong Kong at 38
HONG KONG - A Hong Kong theme park says the world's oldest-ever panda in captivity has been euthanized because her health was deteriorating. Ocean Park says a veterinarian euthanized 38-year-old Jia Jia on Sunday evening to prevent further suffering and ... ( read original story ...)
Hang Seng Bank Ltd. (HSNGY) Upgraded at Zacks Investment Research
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our ... ( read original story ...)
Hong Kong Stocks Sink Most in Asia as Developers Drop With Yuan
The Hang Seng Index was the best performer in the third quarter among Asian equity benchmarks tracked by Bloomberg. “One of the factors affecting Hong Kong is the interest-rate ... The curbs came after Deutsche Bank AG warned last month that China ... ( read original story ...)
Hong Kong shares drop as southbound Stock Connect inflows fall well below daily normal
The Hang Seng Index closed down 0.60 per cent or 142.47 at ... We further expect a sharp decline in southbound flows once the Shenzhen-Hong Kong Connect opens later this year Bank of America Merrill Lynch analysts “We expect [southbound] flows to weaken ... ( read original story ...)
Hong Kong stocks fall as investors take profits after four-day gains
Consequently, HSBC fell 0.67 per cent and Standard Chartered Bank slipped 1.61 per ... inflows from the mainland to Hong Kong are the most important focus for the market going forward. In the near term, the Hang Seng will fluctuate within a range of ... ( read original story ...)
Hang Seng Bank Ltd. (ADR) (NASDAQ:HSNGY) has been upgraded to Hold in a report by Zacks Investment Research today.
16 shares of the stock were exchanged, down from an avg. volume of 1,546 Hang Seng Bank Limited is a Hong Kong-based investment holding company principally engaged in the provision of banking and financial services. The Company operates through four segments. ( read original story ...)
Why Mainland China Money Into Hang Seng Will Dwindle: Merrill
Bank of America Merrill Lynch‘s equity strategist David Cui, a China bear, thinks mainland Chinese investors will lose interest in the Hong Kong stock market as we approaches year-end. Readers of this blog know that the Hang Seng rally seen this year has ... ( read original story ...)