Hong Kong stocks rose 2.9 percent on Friday, as U.S. stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland lenders soaring.
But the main index finished the week 6.5 percent lower, its worst weekly performance in three weeks, on bleak economic data, job [...]
Concerns over the worsening economic outlook and expectations of an increase in the jobless rate sent property stocks lower, dragging Hong Kong’s benchmark index lower Wednesday.
The Hang Seng Index fell 100.1 points, or 0.8 percent, to 12, 815.80 after trading between 12,738.53 and 13,179.33 during the session.
Tags: economic, HK, Share
Shanghai’s key stock index fell today, dragged lower by energy stocks after oil prices slumped for a fifth day.
The benchmark Shanghai Composite Index lost 1.67 percent, or 33.71 points, to 1,983.76 points at 3pm.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 0.10 percent, or 0.58 points, to 556.73 points.
Tags: Shanghai-Composite-Index, Share, [...]
Share prices closed sharply higher, snapping a three-day losing streak, on hopes that China will take fresh measures to boost its economy after the nation’s growth slowed to its weakest pace in five years.
Gains were spread across the board, with property developers, China financials, oil refiners and telecoms firms outperforming.
Tags: CCB, China-Life, ICBC, inflation, Insurance, [...]
Sinopec, Asia’s top refiner, saw 4.335 billion of its non-tradable shares freed-up on Friday, all belonging to its parent company, China Petroleum and Chemical Corp. (CPCC). CPCC said it would not cash in any of those shares.
These shares accounted for 5 percent of its total capital stock.
Tags: Share, Sinopec, Stock
China State Shipbuilding Corp., the country’s biggest maker of vessels, undertook not to sell part of its controlling stake in listed unit China State Shipbuilding Co. for two years longer than planned, following a slump in the market.
Unit China State Shipbuilding rose as much as 7.3 percent to 79 yuan in Shanghai trading, and was [...]
