Hong

Hong Kong stocks briefly climb 2%;  China releases inflation data in line with expectations

Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations

Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …

Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations Read More »

Hong Kong shares rise 2% after report on relaxation of outdoor mask rule;  other Asian markets fall

Hong Kong shares rise 2% after report on relaxation of outdoor mask rule; other Asian markets fall

Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall by 1% to 3% next year. “We expect prices …

Hong Kong shares rise 2% after report on relaxation of outdoor mask rule; other Asian markets fall Read More »

Hong Kong shares jump 3% as China relaxes some virus rules

Hong Kong shares jump 3% as China relaxes some virus rules

Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …

Hong Kong shares jump 3% as China relaxes some virus rules Read More »

Hong Kong's Hang Seng had its best month since 1998, but remains in bearish territory

Hong Kong’s Hang Seng had its best month since 1998, but remains in bearish territory

Red lanterns hang on the street in Wan Chai, Hong Kong. (Photo by Zhang Wei/China News Service via Getty Images) China News Service | China News Service | Getty Images Hong Kong’s benchmark index climbed 26.6% in November – the Hang Seng Index the highest monthly gain since October 1998, near the end of the …

Hong Kong’s Hang Seng had its best month since 1998, but remains in bearish territory Read More »

Hong Kong shares jump 4% ahead of Chinese Covid briefing

Hong Kong shares jump 4% ahead of Chinese Covid briefing

Currency control: Asa-Pacific currencies strengthen strongly, driven by the Chinese yuan The onshore and offshore Chinese yuan strengthened against the dollar in the Asian session ahead of a news conference on Covid measures. The greenback lost 1.09% against the offshore yuan and 0.65% against the land yuan, both trading around the 7.16 levels. The offshore …

Hong Kong shares jump 4% ahead of Chinese Covid briefing Read More »

Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

Chinese clues appear ahead of Covid briefing Indices in China jumped more than 2% as investors closely watched developments in the national zero-Covid policy after posting losses in the previous session. The Chinese CSI 300 index rose 2.97% during the morning session, while the Shanghai composite climbed 2.2%. The Shenzhen Component The index gained 2.172%. …

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns Read More »

Hong Kong shares fall 2% on Covid fears;  China keeps interest rates unchanged

Hong Kong shares fall 2% on Covid fears; China keeps interest rates unchanged

Hong Kong movers: Reopening and tech stocks fall as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway reportedly increases stake Shares of some Japanese trading houses rose at the start of the Asian session, despite declines in markets in the region, after billionaire Warren Buffett’s Berkshire Hathaway increased its stake in the …

Hong Kong shares fall 2% on Covid fears; China keeps interest rates unchanged Read More »