Tag Archive

Hong Kong market slips on profit taking, weak U.S cues (Nasdaq)

March 20, 2009 | TELECOM

(RTTNews) – The stock market in Hong Kong is trading weak on Friday morning, as investors preferred to take profits after the market witnessed a sharp rally in the past few days. Weaker closing in the U.S markets on profit taking also weighed on the local market. (more…)
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A staunch advocate of globalization and trade (International Herald Tribune)

March 20, 2009 | NEWS

Victor Fung, head of the International Chamber of Commerce, has a simple message to the global leaders who will soon try to set a new path for the economy: “Please deliver.” (read the story…)
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Hong Kong’s Bank Stocks Drop; Developers Rise on Rate Outlook (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Hong Kong’s financial stocks fell as HSBC Holdings Plc led banks lower the day before share rights trade following the U.K.’s largest ever offering. (read on…)
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Hong Kong market pares initial gains; trading lower on profit taking (Nasdaq)

March 19, 2009 | NEWS

(RTTNews) – The stock market in Hong Kong opened higher on Thursday taking cues from Wall Street, where the markets ended in positive territory on news that the Federal Reserve is planning to pump in more than $1 trillion for buying treasury notes and mortgage related assets in an effort to revive the economy. (read...
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Hong Kong market trading higher on positive Wall Street cues (Nasdaq)

March 18, 2009 | TELECOM

(RTTNews) – The stock market in Hong Kong opened strongly on Wednesday morning, taking cues from the U.S market where the major averages rose sharply following surprise economic data on housing starts. (more…)
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Hong Kong Follows U.S. Markets (Nasdaq)

March 17, 2009 | TELECOM

(RTTNews) – The stock market in Hong Kong is trading lower on Tuesday morning, taking cues from the U.S markets overnight, when the indices broke a 4-day winning streak and ended lower led by technology related stocks. (more…)
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Hong Kong Dollar Rebounds Against Greenback (Nasdaq)

March 17, 2009 | NEWS

(RTTNews) – The Hong Kong dollar rebounded against the greenback after trading lower during Tuesday’s early deals. The Hong Kong currency thus rose from 7.7532 to 7.7520 versus the US dollar by about 6:25 am ET. The pair was worth 7.7520 at Monday’s close. (read the story…)
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Hang Seng Could Extend Win Streak (Nasdaq)

March 16, 2009 | TELECOM

(RTTNews) – The Hong Kong stock market has finished higher now in four consecutive sessions, gathering more than 1,200 points or 10 percent in the process. (more…)
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China’s Rally Doomed by PetroChina’s Hong Kong Gap (Update2) (Bloomberg)

March 16, 2009 | BUSINESS

March 16 (Bloomberg) — China , the world’s best-performing stock market, is looking increasingly expensive after valuations climbed to the highest in a year compared with mainland companies traded in Hong Kong. (read on…)
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Hong Kong’s Hang Seng advances on Wall Street gains (Nasdaq)

March 16, 2009 | BUSINESS

(RTTNews) – The stock market in Hong Kong opened strongly on Monday morning, taking cues from the U.S market that closed in positive territory for the fourth successive session, on hopes of global recovery and stability in the financial sector. (read on…)
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