Post Tagged with: "Markets & Investing"

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Hong Kong and Chinese stocks struggled for direction on Thursday, ending the session with marginal losses, as Apple suppliers were hammered after the smartphone giant slashed its revenue outlook based on weaker-than-expected iPhone sales in China. The Hang Seng Index closed down 0.35 per cent, or 87.74 points, at 25,042.61. […]

China National Tobacco, the world’s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, the world’s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, a state monopoly that is by far the biggest cigarette maker in the world, plans to list its international unit on the Hong Kong stock exchange even as pressure increases on the government to curb smoking. The unit, China Tobacco International, is primarily responsible for procuring overseas […]

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold pierced the US$1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures spiked as much as 0.4 per cent […]

Hong Kong stocks down a wretched 14 per cent in 2018 – the worst performance in 7 years

Hong Kong stocks down a wretched 14 per cent in 2018 – the worst performance in 7 years

Hong Kong stocks dropped 13.6 per cent during 2018 – the worst performance in seven years – despite surging on the last trading day on the back of signals of trade talk progress. About HK$4.5 trillion (US$575 billion) in market capitalisation was wiped out since the beginning of the year, […]

Hong Kong mall operators report solid visitor numbers and sales growth during Christmas

Hong Kong mall operators report solid visitor numbers and sales growth during Christmas

Footfall and retail spending at major shopping malls in Hong Kong managed to defy gloomy expectations this holiday season, with initial data pointing to solid year-on-year growth over Christmas, according to mall operators. Sun Hung Kai Properties (SHKP) reported 9 million visitors at its 15 major shopping malls during the […]

What should traders of Hong Kong, China stocks expect after a year of ‘heaven to hell’?

What should traders of Hong Kong, China stocks expect after a year of ‘heaven to hell’?

Stock traders, get ready for a better year. 2018 was downright grisly for Hong Kong and mainland China markets. But market watchers expect things will pick up. Deutsche Bank, for example, predicts a 10 per cent rise in the Hong Kong market, while Morgan Stanley and Goldman Sachs forecast single-digit […]

Hong Kong’s record-breaking parking space market set to lose steam, say analysts

Hong Kong’s record-breaking parking space market set to lose steam, say analysts

Hong Kong’s famously lucrative market for car parking spaces may be about to stall, according to analysts and investors. Prices of parking bays, which peaked this year at an average HK$2.25 million (US$290,000), are likely to drop in the short term as demand wavers amid a souring property market, rising […]

The tenuous truce in the US-China trade war will decide whether Hong Kong’s best IPO party ever continues in the new year

The tenuous truce in the US-China trade war will decide whether Hong Kong’s best IPO party ever continues in the new year

On July 12, the Hong Kong stock exchange (HKEX) conducted an unprecedented ritual to start its trading day: four gigantic gongs were struck one after the other by executives of eight companies to commemorate the debut of their stocks. The eight companies, including Chinese live-streaming application Inke, had to share […]

Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai’s stock benchmark ended 2018 as the world’s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city’s key stock index closed the year […]

How do Shanghai and Beijing defy China’s property slowdown?

How do Shanghai and Beijing defy China’s property slowdown?

Overseas investors’ surging investment in commercial properties in China’s top cities has helped Shanghai and Beijing defy the credit tightening and market slump to sustain their high transaction volumes this year, a trend that is expected to extend into 2019, according to property consultants. Their share of Shanghai’s total 105 […]