Hong Kong stocks halt two-week rout as China-US audit plan fuels tech firms
South China Morning Post - Stocks Blog
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1y ago
Local stocks halted a two-week slide as Alibaba and Chinese tech peers powered this week’s 2 per cent rally. A solution to the US-China audit tiff may support further gains ..read more
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China’s hyped decoupling from emerging markets may prove a blip
South China Morning Post - Stocks Blog
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1y ago
Chinese equities are seen making up lost ground as the extreme pessimism toward its economy recedes ..read more
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Hang Seng slides as Meituan sinks on report of Tencent divestment plan
South China Morning Post - Stocks Blog
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1y ago
Meituan sank by 9.1 per cent on report Tencent was considering selling part or all of its 17 per cent stake to appease Chinese regulators. Some developers surged on optimism of state financial support ..read more
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Stocks drop on Covid, power-crisis jitters despite China rate cut
South China Morning Post - Stocks Blog
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1y ago
New Covid-19 cases and a looming energy crisis in mainland China are unsettling the market ..read more
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Hong Kong stocks hit three-month low on weak earnings, US rate policy
South China Morning Post - Stocks Blog
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1y ago
Benchmark index hit the lowest since mid-May amid concerns about weak earnings and US rate trajectory. Investors betting on Chinese onshore stocks have taken a 15 per cent beating this year ..read more
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BYD, Geely, Alibaba send Hang Seng to 5-month low as China slowdown bites
South China Morning Post - Stocks Blog
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1y ago
Local stocks hit another new low, this time with Alibaba, BYD and Geely Auto pacing the drop. HSBC slips as Ping An Insurance calls for improvement in returns ..read more
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Alibaba, JD.com fuel best stock rally since April on fresh China stimulus
South China Morning Post - Stocks Blog
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1y ago
Hong Kong stocks surged by the most in four months after China unveiled new stimulus to shore up the economy. Fresh speculation on US delisting matters emerged, lifting tech firms ..read more
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Chinese stocks waver as traders see stimulus as lacking punch amid slowdown
South China Morning Post - Stocks Blog
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1y ago
Onshore stocks decline in early trading with traders worried about economic slowdown and a looming power crisis. The morning session in Hong Kong was cancelled for all markets because of typhoon warning ..read more
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Hang Seng slips toward 20,000 level as Hong Kong rejects housing tax report
South China Morning Post - Stocks Blog
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1y ago
Hong Kong’s benchmark index slipped toward a psychological level as tech stocks retreated while confusion plagued property developers over reports on tax waiver for home purchases ..read more
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Stocks enter correction mode on Alibaba drag, China’s slow-drip stimulus
South China Morning Post - Stocks Blog
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1y ago
Local stocks slumped into a technical correction with July’s setback the worst month in a year. Big Tech from Alibaba to Meituan suffered from renewed regulatory concerns while China offered no major stimulus at a key meeting this week ..read more
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