In Hong Kong, the Hang Seng Index rose to a fresh closing high overnight ... USD/CAD (C$1.2433) is not straying too far from yesterday’s close ahead of this mornings Bank of Canada (BoC) rate decision. Markets are looking for the central bank to hike ... ( read original story ...)
Hong Kong Stock Market May Take Further Damage
BOC Hong Kong collected 0.74 percent, Henderson Land shed 0.67 percent, New World Development lost 0.65 percent, China Petroleum and Chemical (Sinopec) fell 0.61 percent, China Life added 0.40 percent, Industrial and Commercial Bank of China gained 0.15 ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Slip From Record High
HONG KONG (Jan 25) -- Hong Kong stocks retreated on Thursday from ... with Industrial & Commercial Bank of China (ICBC) and Bank of China (BOC) shedding 1.9% each. Concerns that share placements by an increasing number of companies would absorb some ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Rebound, Poised For Fresh Record High
and Bank of China (BOC) each added 3.7%. Heavyweights Tencent Holdings and Ping An Insurance Group climbed 2.5% each. More than 95 billion Hong Kong dollars ($12.2 billion) in shares had changed hands on the stock exchanges main board by noon, with ... ( read original story ...)
Dovish BoC Remains a Risk Ahead of Rate Decision
There is a possibility that tomorrow’s BoC statement could emphasizes their cautious outlook ... some of the dollar-driven gains they made in yesterday’s session. In Hong Kong, the benchmark Hang Seng Index rose to a record closing high overnight ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Score Fresh All-time High
Hong Kong's Hang Seng Index rose 0.3% to end at 31,983.41 ... 01:24p TSX set to open higher ahead of BoC interest rate decision 12:07p MARKET SNAPSHOT: Dow Futures Point To Triple-digit Gain And Fresh Push Toward 26,000 12:07p CHARLES SCHWAB: Dow Futures ... ( read original story ...)
Hang Seng hits a record while other Asian markets fight for gains
While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% was recently up 1.6% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on ... ( read original story ...)
Hang Seng rises for 7 weeks in a row, hits record high
The top gainer on Hang Seng was China Construction Bank Corp , up 6.07 percent ... At close, China’s A-shares were trading at a premium of 28.36 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was ... ( read original story ...)
Virtual banks queue for slice of Hong Kong market, as HKMA pushes fintech adoption
“So far, we have received enquiries from over 10 local and overseas firms about setting up a virtual bank in Hong Kong,” said a spokeswoman for the Hong Kong Monetary Authority (HKMA). In addition, the HKMA will publish a revised guideline for the ... ( read original story ...)
Hong Kong stock market likely to fall after extended bull run
Hong Kong’s stock market is likely to open lower on Thursday after a mixed performance on Wall street overnight. The Hang Seng Index futures spot January contract was down 0.12 per cent, or 39 points, to 32,858 in the pre-trade session on Thursday morning. ( read original story ...)
Manhunt for employee accused of stealing HK$1 million from safe of Hong Kong bank
A citywide manhunt for a Hong Kong bank employee was launched by police on Wednesday after he was suspected of stealing HK$1 million (US$127,900) in cash from a safe. At 3pm, police said the 29-year-old man, who worked at the Siu Sai Wan branch of Bank of ... ( read original story ...)
Saudi Aramco will list in Hong Kong eventually, says the city’s stock exchange chief
CEO of Hong Kong Exchanges and Clearing Hong Kong is competing against New York and London for what is expected to be the world's largest IPO ever A win for Hong Kong would be a welcomed boost for the city that recently lost its crown as the global IPO ... ( read original story ...)
Chinese gadget-maker IPO tracks Xiaomi hype
HONG KONG, Jan 24 (Reuters Breakingviews) - China's answer to Fitbit is tracking another company's big steps. Huami, a maker of wearable devices, just unveiled plans for an initial public offering ahead of a more highly anticipated one by Xiaomi. ( read original story ...)
Investment Manager Sees More Chinese Biotech Listings Coming to Hong Kong
The Hong Kong stock exchange’s new rules on initial public offerings (IPOs) by biotech companies could lead many in the sector to seriously consider a Hong Kong listing, a top investment manager told Caixin. Zhang Leidi, managing director of China Life ... ( read original story ...)