Chinese shares traded in Hong Kong closed at the highest level since August 2015 as insurers and brokerages advanced, while energy companies extended Monday’s rally. The Hang Seng China Enterprises Index climbed 1.8 percent. Financial stocks accounted ... ( read original story ...)
Short Sellers Scaring Investors Away From Hong Kong’s Small Caps
Hong Kong stocks may be Asia’s star performers this year, but it hasn’t done much to revive the fortunes of the market’s perennial underdogs: small-cap shares. A peek under the hood of the Hang Seng Index’s 25 percent surge shows it’s being ... ( read original story ...)
Hong Kong prices expected to keep rising as supply issues continue
Indeed, the Government announced an eighth round of mortgage tightening measures in May to help restrain soaring value but the lack of supply means demand is not lessening. Hong Kong’s new leader, Carrie Lam, who took over at the beginning of July has ... ( read original story ...)
PennyMac Mortgage Investment Trust (PMT) Given Average Recommendation of “Hold” by Brokerages
Its up 3.11% from 2.61M shares previously. The Hong Kong-based Point72 Asia (Hong Kong) Ltd has invested 0.08% in PennyMac Mortgage Investment Trust (NYSE:PMT). It is 0.00% or $0 reaching $18.51 per share. It is down 18.22% since July 31, 2016 and is ... ( read original story ...)
Affordable homes to be focus of Hong Kong housing policy, Carrie Lam vows
Earlier this year Hong Kong ranked as the world’s least affordable city to ... She noted that the average monthly mortgage payment for a 485 sq ft flat would take up 66 per cent of the median monthly private household income, according to figures from ... ( read original story ...)
Apple Stock Soars to Record High After Earnings, iPhone Excitement
Ellington Residential Mortgage REIT ValuEngine raised ARMOUR Residential REIT ... "The decline from a market standpoint was concentrated in Hong Kong, which is a place that has been really affected by a reduction in tourism because the Hong Kong Dollar ... ( read original story ...)
First Eagle Investment Management Cut Pepsico (PEP) Position; Anworth Mortgage Asset (ANH) SI Increased By 31.19%
Ifc Holdings Inc Fl stated it has 0.01% of its portfolio in Anworth Mortgage Asset Corporation (NYSE:ANH). Princeton Alpha Mngmt Limited Partnership reported 17,443 shares or 0.02% of all its holdings. 3,402 are held by Point72 Asia (Hong Kong) Limited. ( read original story ...)
Urgent need to fix flat shortage amid soaring prices: Lam
She added that Hong Kong families were spending on average 66.1 percent of household income to pay mortgages in the first quarter, as reflected by the latest Median Mortgage Payment and Loan Repayment to Income Ratio. And the flats aren't even particularly ... ( read original story ...)
The boomerang generation really does come back
At the same time, my young adult daughter and her partner were becoming increasingly concerned they would never afford to be able to buy when they move back to Sydney from Hong Kong in a few years ... help with the initial mortgage payments. ( read original story ...)
Bubbles in Hong Kong harbor are Japanese artist’s thought-stirrer
HONG KONG (Reuters) - Millions of bubbles floated across Hong Kong's Victoria Harbour on Wednesday, the latest public art exhibition by Japanese artist Shinji Ohmaki. His project, titled "Memorial Rebirth", uses a three-meter (10-foot) tall, six-tiered ... ( read original story ...)
Visiting Hong Kong leader Carrie Lam opens photo exhibition documenting 1950s HK
SINGAPORE: Visiting Hong Kong Chief Executive Carrie Lam on Wednesday (Aug 2) launched a exhibition featuring 1950s Hong Kong through the lens of a Singaporean photographer. Mrs Lam is in Singapore for a two-day visit, at the invitation of Prime Minister ... ( read original story ...)
Hong Kong traders feel pinch as Apple’s China charm fades
HONG KONG (Reuters) - In an empty mall that once bustled with trade in high-end smartphones, a Hong Kong shopkeeper sits surrounded by boxes of Apple Inc (AAPL.O) headphones, grumbling that business is grim - a domino effect of lackluster demand from ... ( read original story ...)
Hong Kong stocks gain for 3rd day on strength in financials, materials
Aug 2 (Reuters) - Hong Kong shares rose for a third straight session on Wednesday, as investors continued to chase mainland financials and materials firms. The Hang Seng index finished 0.2 percent higher at 27,607.38 points, while the China Enterprises ... ( read original story ...)
Hong Kong Watchmaker To Buy Japanese EV Startup GLM, AKA “Japan’s Tesla”
GLM isn’t a household name on InsideEVs, though we’ve featured GLM vehicles from time to time. The hottest GLM electric car to date is the G4, which debuted at the Paris Motor Show in October 2016. “O Luxe will acquire 85.5% of GLM’s outstanding ... ( read original story ...)