Cathay Pacific 0293 Begins Restructure

Cathay Pacific 0293 Begins Restructure

#Cathay Pacific $0293 is to slash up to 5,900 jobs and shutter its Cathay Dragon subsidiary, the Hong Kong carrier said Wednesday, joining a growing list of airlines making swingeing cuts as they reel from the coronavirus pandemic. Across the globe, airlines have been hammered by the pandemic slashing international travel and they face a […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares finished slightly higher Tuesday as the central bank held Key rates steady ahead of the Federal budget later in the day. The S&P/ASX 200 index .AXJO closed up 0.2% at 5952.7. The benchmark had gained 2.6% Monday. In New Zealand, the benchmark S&P/NZX 50 index .NZ50 closed 0.6% higher at 11,975.02. […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australia shares rise ahead of Fed Chairman Powell’s Jackson Hole speech Investors are now looking for hints from Fed’s Powell’s speech, due at 1310 GMT, that the central bank might tweak its policy framework to help push up inflation. The S&P/ASX 200 index rose 0.2% at 6,126.20, marking a […]

Thursday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #coronavirus #AsiaPacific Australian shares ended lower Thursday, after the country’s unemployment rate hit a 22-yr high and rising C-19 coronavirus cases in some states raised a likelihood of harsher curbs, reminding investors of the impending economic pain. The S&P/ASX 200 index fell 0.7% to 6010.90 at the close of trade. In New […]

Wednesday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #coronavirus #AsiaPacific Australian shares closed higher Wednesday, mirroring overnight gains on Wall Street, with material stocks providing a major lift to the domestic benchmark. The S&P/ASX 200 index rose 1.88% at 6,052.9 pts, in its best day since 30 June. In New Zealand, the benchmark S&P/NZX 50 index rose 1% at 11,610.52. […]

Friday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #coronavirus #AsiaPacific Australian shares slipped Friday posting a weekly loss as fresh restrictions to contain a spike in C-19 coronavirus cases dampened hopes of a quick economic recovery. The S&P/ASX 200 index fell 0.61% to 5,919.2, on the week, it declined 2.3%. In New Zealand, the benchmark S&P/NZX 50 index settled 0.4% […]

Wednesday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #coronavirus #AsiaPacific Around the region, MSCI’s Asia sans-Japan stock index was firmer by 0.5%, while Japan’s Nikkei index closed down 0.8%. Shares in Mainland China closed at multi-year highs Wednesday, extending their winning streak to the 7th session. At the close, the Shanghai Composite index was 1.7% higher at 3,403.44, its highest […]

Thursday’s World Markets Outlook: Asia-Pacific

Australian shares closed 2.5% lower Thursday, snapping a 4-day winning streak, as rising concerns about a resurgence of C-19 coronavirus cases. The S&P/ASX 200 index ended 2.5% lower at 5,817.7 in its worst session since 12 June. New Zealand’s benchmark S&P/NZX 50 index declined 1.2% or 135.05 pts to 11,124.36.  Japanese stocks ended at a […]

Tuesday’s World Markets Outlook: Asia-Pacific

World stocks have risen 35% from a late March bottom. Australian shares closed higher Tuesday after the country’s central bank reiterated that the impact from the C-19 coronavirus chaos could be less damaging than initially feared, stoking hopes of a speedy economic recovery. The S&P/ASX 200 closed 0.3% firmer at 5,835.10, though lingering worries over […]

Uncertainty Driving Gold Price North

Uncertainty Driving Gold Price North

$XAU $GLD Gold prices rose Monday as riots in major US cities concerned investors already reeling from strained US-China ties and boosted the demand for the safe-haven precious Yellow metal, with a weaker dollar lending further support. Spot gold gained 0.9% at 1,741.61 oz by 0509 GMT. US gold futures was up 0.3% to 1,757.50. […]

Markets Rally in Asia

Markets Rally in Asia

Hong Kong led an Asia-wide market rally Monday as investors breathed a sigh of relief after Donald Trump fell short of imposing strict measures against China, while a further easing of virus lockdowns continued to provide support. However, violent anti-racism protests across the US have fuelled worries of a pick-up in COVID-19 infections and more […]

Friday’s World Markets Outlook: Asia-Pacific

Australian shares eased 1.6% Friday, though gained for the 5th straight week as hopes of a faster-than-expected economic recovery Down Under from C-19 coronavirus chaos-induced disruptions outweighed worries of a deepened US-China rift. The S&P/ASX 200 closed at 5,755.7 and saw its worst day in 2 wks, as markets nervously awaited a response from the […]

Thursday’s World Markets Outlook: Asia-Pacific

Hong Kong shares ended lower Thursday. The Hang Seng index closed down 0.7% to 23,132.76, after falling more than 2% mid-session to its lowest mark since 25 May. The Hang Seng China Enterprises index fell 0.2%. The sub-index of the Hang Seng tracking energy shares was flat, the IT sector lost almost 2%, the financial […]

Market Overview: Beware of Rally, Shake Coming

Market Overview: Beware of Rally, Shake Coming

Market Overview: Beware of Rally, Shake Coming The Day Ahead The United States prints personal consumption expenditures prices for 1Q20, as well as the Energy information Administration’s crude oil, gasoline, fuel production, and heating oil stocks change for the week concluded 22 may. South Korea announces April’s industrial production. Japan releases April’s industrial production and […]

Wednesday’s World Markets Outlook: Asia-Pacific

Australian shares settled lower Wednesday as rising tensions in Hong Kong over China’s proposed security law took the shine off surging bank stocks and tempered expectations of a global economic recovery. The S&P/ASX 200 opened lower but recouped losses to rise 1% in intra-day trade. However, selling in the final 15 mins of trade wiped […]

Tuesday’s World Markets Outlook: Asia-Pacific

Australia and New Zealand stock indexes on Tuesday surged to their highest in more than two months, fuelled by mounting hopes of a global economic recovery as more countries emerge from the coronavirus-induced lockdown. The S&P/ASX 200 index advanced more than 2% for the 2nd straight session and ended 2.9% firmer at 5,780 pts. The […]

Thursday’s World Markets Outlook: Asia-Pacific

China and Hong Kong stocks were little changed Thursday ahead of the country’s annual parliament session, starting this week, that could yield more economic stimulus. At the midday break, the Shanghai Composite index was up 0.05% at 2,885.20. China’s blue-chip CSI300 index was up 0.06%, with its financial sector sub-index losing 0.07%, the Real Estate […]

Wednesday’s World Markets Outlook: Asia-Pacific

China shares fell Wednesday as cautious investors held back ahead of the country’s annual political meetings where policymakers will discuss measures to boost the economy. At the midday break, the Shanghai Composite index was down 0.45% to 2,885.54. China’s blue-chip CSI300 index was down 0.49%, with its financial sector sub-index lower by 0.37%, the consumer […]

Tuesday’s World Markets Outlook: Asia-Pacific

MSCI’s broadest index of Asia-Pacific shares sans Japan last traded up 1.6% in late Asian trade. Australian shares closed at a more than two-month high on Tuesday, led by gains in mining, energy and financial stocks, as a gradual re-opening of some economies boosted sentiment and raised hopes of a demand recovery for commodities. The […]

Monday’s World Markets Outlook: Asia-Pacific

China shares ended higher Monday as investors took hope from data showing home prices rose in April, but renewed trade tensions between Beijing and Washington At the close, the Shanghai Composite index was up 0.24% at 2,875.42. The blue-chip CSI300 index was up 0.26%, with its financial sector sub-index higher by 0.06%, the consumer staples […]

Friday’s World Markets Outlook: Asia-Pacific

The Japanese benchmark Nikkei average dipped 0.3% to 19,854.03 by the midday break, with Real Estate and other defensive sectors leading the losses. On the week, the Nikkei was down 1.6%, poised for its 1st weekly decliner in 3. The broader Topix fell 0.3% to 1,441.96 by the recess, with 66% of the 33 sector […]

Thursday’s World Markets Outlook: Asia-Pacific

Chinese shares closed lower Thursday as investors worried about a prolonged recovery in the economy, while awaiting more active stimulus policies to cushion the blow from the C-19 coronavirus chaos. The Shanghai Composite index ended 0.96% lower to 2,870.34. The blue-chip CSI300 index shed 1.08%, with its financial sector sub-index sliding 1.33%, the consumer staples […]

Tuesday’s World Markets Outlook: Asia-Pacific

Japan’s Nikkei share average slipped from a two-month high on Tuesday as concerns about further waves of coronavirus infections undermined recent optimism on economic re-openings. The Nikkei share average ended down 0.12% to 20,366.48 points, a day after it hit a 2-month high. It has risen 18.7% from a bottom hit on 19 March. The […]

Monday’s World Markets Outlook: Asia-Pacific

China stocks shed early gains to end a tick lower Monday, amid renewed concerns over the coronavirus outbreak as Wuhan reported its 1st cluster of infections since the lockdown was lifted a month ago. At the close, the Shanghai Composite index was down 0.02% at 2,894.80. The blue-chip CSI300 index was down 0.09%, with its […]

Friday’s World Markets Outlook: Asia-Pacific

China stocks closed higher Friday as investors cheered Beijing opening up its financial markets further to foreign investors. China finalised rules Thursday that scrap quotas under 2 major inbound investment programs, giving qualified foreign institutions unlimited access to Chinese stocks and bonds. At the close, the Shanghai Composite index was up 0.83% at 2,895.34 and […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

Asian shares pared early losses Thursday after Chinese exports proved far stronger than even Bulls imagined. Around the region, MSCI’s Asia sans Japan stock index was weaker by 0.1%, while Japan’s Nikkei index closed up 0.28%.  China stocks ended lower Thursday, as investors are still cautious on a bleak trade outlook globally that could slow […]

Wednesday’s World Markets Outlook: Asia-Pacific

Australian shares ended lower in lite trade Wednesday as investors took profits after 2 sessions of sharp gainers, with banking stocks dominating the losses. The S&P/ASX 200 index closed 0.42% lower to 5,384.6 pts, having gained more than 3% in the past 2 sessions as the country eased coronavirus restrictions. New Zealand’s benchmark S&P/NZX 50 […]

Tuesday’s World Markets Outlook: Asia-Pacific

Hong Kong shares Tuesday recouped some of the prior session’s sharp losses, tracking gains in broader Asia, as countries laid out plans to ease coronavirus-induced restrictions. The Hang Seng index rose 0.5% to 23,742.13 pts, having lost more than 4% Monday as US-China tensions simmer. The Hang Seng China Enterprises index gained 0.4% Tuesday. The […]

Friday’s World Markets Outlook: Asia-Pacific

Australian shares fell 5% Friday, their most in 5 wks, as risk sentiment was battered by threats of new tariffs from US President Trump Vs China. President Trump made clear his concerns about China’s role in the origin and spread of the coronavirus were taking priority over efforts to build on an initial trade agreement. […]

Thursday’s World Markets Outlook: Asia-Pacific

China stocks rallied Thursday to post their biggest monthly advance since December, after positive trial results for a drug to treat COVID-19 and downbeat data reinforced hopes of further stimulus to bolster the world’s 2nd-largest economy. The blue-chip CSI300 index ended up 1.2% at 3,912.58, while the Shanghai Composite Index closed 1.3% higher at 2,860.08. […]

Tuesday’s World Markets Outlook: Asia-Pacific

 Australian shares finished lower Tuesday after the Treasury said it was not working on any new stimulus packages at the moment, while the country readied to relax some restrictions amid a decline in coronavirus cases. The S&P/ASX 200 index ended 0.2% lower to 5313.1 at the close. The benchmark rose 1.5% Monday. New Zealand’s benchmark […]

Monday’s World Markets Outlook: Asia-Pacific

MSCI’s broadest index of Asia-Pacific shares sans Japan rose 0.1% in early trade, while Japan’s Nikkei gained 1.1% ahead of an earnings heavy week. Philippine shares fell Monday following a warning that the coronavirus pandemic will likely send the economy into its first annual contraction in more than two decades this year, while financials helped […]

Friday’s World Markets Outlook: Asia-Pacific

Australian shares ended higher on Friday, but reported its first weekly loss this month, with investors now eyeing corporate results that are set to reflect the economic damage from the coronavirus pandemic. The benchmark S&P/ASX 200 index closed 0.5% higher at 5,242.6. On the week, it shed 4.5%. New Zealand’s benchmark S&P/NZX 50 index fell […]

Thursday’s World Markets Outlook: Asia-Pacific

Chinese stocks ended off Thursday, as mounting economic uncertainty sparked by the coronavirus pandemic kept share prices capped, stopping investors from chasing the rebound from the prior session. The Shanghai Composite index closed 0.2% lower to 2,838.50. The blue-chip CSI300 index ended down 0.3%, with its financial sector sub-index down 0.3%, the consumer staples sector […]

Hong Kong: HANG SENG INDEX (.HSI) stock market is part bear, part bull, posing challenges to investors

Hong Kong: HANG SENG INDEX (.HSI) stock market is part bear, part bull, posing challenges to investors

Hong Kong: HANG SENG INDEX (.HSI) stock market is part bear, part bull, posing challenges to investors Hong Kong’s stock market is part bear, part bull, posing challenges to investors. China’s semiconductor stocks are showing some virus immunity.Investors should look for stocks that will thrive in the post-coronavirus world. Here are some analysts like. Five questions investors should be asking. How long […]

Tuesday’s World Markets Outlook: Asia-Pacific

Japanese shares fell Tuesday with energy-related companies taking the brunt of a collapse in Crude Oil prices, while the virus pandemic curbed any risk appetite ahead of corporate earnings. The Nikkei share average fell 1.97% to 19,280.78, slipping further from Friday’s near 6-wk high at 19,922. The broader Topix lost 1.15% to 1,415.89. China and […]

Hong Kong: HANG SENG INDEX (.HSI) stocks firm as key Chinese rate cut again

Hong Kong: HANG SENG INDEX (.HSI) stocks firm as key Chinese rate cut again

Hong Kong: HANG SENG INDEX (.HSI) stocks firm as key Chinese rate cut again China and Hong Kong stocks firmed on Monday as a key Chinese lending rate was cut for the second time this year to shore up the coronavirus-hit economy. Shayne Heffernan Trade Idea “The ‘stay-at-home economy’ is replacing the social economy. People […]

Monday’s World Markets Outlook: Asia-Pacific

SKorean shares rose Monday as relaxation of some social distancing rules fuelled optimism about the reopening of the broader economy, with China’s interest rate cut adding to the sentiment. The Korean Won weakened, while the benchmark bond yield was up. The Seoul stock market’s main KOSPI rose 4.44 pts, or 0.23%, at 1,918.07 as of […]

Hong Kong: HANG SENG INDEX (.HSI) shares start with gains

Hong Kong: HANG SENG INDEX (.HSI) shares start with gains

Hong Kong: HANG SENG INDEX (.HSI) shares start with gains Hong Kong stocks kicked Monday off on a positive note, boosted by hopes that coronavirus infections are beginning to plateau. The Shayne Heffernan Idea Low valuations don’t constitute a reason for buying, but extreme low ones may do. “The extremely low valuations have already implied […]

Hong Kong: HANG SENG INDEX (.HSI) drops as impact of virus weighs down Asia

Hong Kong: HANG SENG INDEX (.HSI) drops as impact of virus weighs down Asia

Hong Kong: HANG SENG INDEX (.HSI) drops as impact of virus weighs down Asia Hong Kong stocks finished down on Thursday after a negative cue from Wall Street and with investors worried about the ongoing economic impact of the coronavirus pandemic. The Hang Seng Index dropped 0.6 percent, to close at 24,006. On the mainland, […]

Thursday’s World Markets Outlook: Asia-Pacific

Japanese shares Thursday tracked overnight losses on the Wall Street, as economic damage from COVID-19 weighed on investor sentiment, with banks and automakers leading the declines. The benchmark Nikkei average ended 1.3% lower at 19,290.20. The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing and considered to be a fear […]

Hong Kong: HANG SENG INDEX (.HSI) stocks drop as IMF flags deep global recession

Hong Kong: HANG SENG INDEX (.HSI) stocks drop as IMF flags deep global recession

Hong Kong: HANG SENG INDEX (.HSI) stocks drop as IMF flags deep global recession Hang Seng index ends down 1.19% Hong Kong’s benchmark share index ended lower on Wednesday as forecast of a deep recession this year by the International Monetary Fund outweighed a monetary stimulus from China’s central bank. ** At the close of […]

Wednesday’s World Markets Outlook: Asia-Pacific

Australia’s main stock index fell Wednesday as prospects of a deep global recession and its impact on the demand for crude oil hammered energy stocks and offset better-than-expected trade data from China, the country’s biggest trading partner. The benchmark S&P/ASX 200 index fell 0.3% by 0039 GMT, with a 3.4% drop in energy stocks weighing […]

Hong Kong: HANG SENG INDEX (.HSI) shares end higher as China trade data lifts sentiment

Hong Kong: HANG SENG INDEX (.HSI) shares end higher as China trade data lifts sentiment

Hong Kong: HANG SENG INDEX (.HSI) shares end higher as China trade data lifts sentiment Hong Kong shares closed higher on Tuesday after China reported smaller-than-expected contractions in imports and exports in March, and as fears over the global spread of the new coronavirus eased. The Hang Seng index ended up 135.07 points or 0.56% […]

Tuesday’s World Markets Outlook: Asia-Pacific

China and Hong Kong stocks gained Tuesday, after the world’s 2nd-largest economy posted better-than-expected trade data despite the coronavirus outbreak. China’s exports fell 6.6% in March from a year earlier, while imports shrank 0.9%, a better-than-expected outcome as factories restarted production, though the global coronavirus health crisis looks set to keep trade under pressure over […]

Friday’s World Markets Outlook: Asia-Pacific

Japanese shares dropped Friday on profit-taking ahead of the weekend, with trading volume remaining low due to the Easter holidays abroad. The benchmark Nikkei average slipped 0.1% to 19,326.78 by the midday break, despite overnight gains on Wall Street, as investors locked in some recent gains. SKorean shares rose Friday as market sentiment was lifted […]

Thursday’s World Markets Outlook: Asia-Pacific

Most Southeast Asian stock markets rose Thursday, tracking an upbeat session on Wall Street, as hopes for the coronavirus outbreak nearing its peak rose, while expectations of a cut in oil output pushed the energy-heavy Thai index higher Australian shares rose more than 2% on Thursday, tracking gains on Wall Street as hopes that the […]

Hong Kong: HANG SENG INDEX (.HSI), mainland markets fall as profit takers move in

Hong Kong: HANG SENG INDEX (.HSI), mainland markets fall as profit takers move in

Hong Kong: HANG SENG INDEX (.HSI), mainland markets fall as profit takers move in Hong Kong shares finished more than 1 percent lower Wednesday, hit by profit-taking after a two-day rally and as investors keep tabs on the spread of the coronavirus. The Hang Seng Index slipped 1.2 percent, to 23,970. Across the border, the […]

Hong Kong: HANG SENG INDEX (.HSI), China stocks lead Asia gains as risk-on sentiment returns on coronavirus progress and on hopes oil deal will be reached

Hong Kong: HANG SENG INDEX (.HSI), China stocks lead Asia gains as risk-on sentiment returns on coronavirus progress and on hopes oil deal will be reached

Hong Kong: HANG SENG INDEX (.HSI), China stocks lead Asia gains as risk-on sentiment returns on coronavirus progress and on hopes oil deal will be reached Hong Kong and China stocks led gains in major Asia markets on Tuesday, as investors bet on signs the world’s lockdowns are slowing the spread of the coronavirus pandemic. […]

Hong Kong: HANG SENG INDEX (.HSI) joins Asian rally as virus death rates fall

Hong Kong: HANG SENG INDEX (.HSI) joins Asian rally as virus death rates fall

Hong Kong: HANG SENG INDEX (.HSI) joins Asian rally as virus death rates fall Hong Kong stocks ended Monday with healthy gains, lifted by signs that new infections of coronavirus are slowing in some of the worst-hit countries, while energy firms were boosted by last week’s surge in oil prices. The Hang Seng Index rose […]

Monday’s World Markets Outlook: Asia- Pacific

The S&P/ASX 200 index was up 4.3% at 5,286.80 at the close of trade, after the benchmark closed 1.7% down Friday. Southeast Asian stock markets are higher Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections. Major European nations reported lower virus death rates, with Italy seeing the […]

Hong Kong: HANG SENG INDEX (.HSI) – Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence

Hong Kong: HANG SENG INDEX (.HSI) – Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence

Hong Kong: HANG SENG INDEX (.HSI) – Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence The slumping equity market has prompted some Hong Kong developers and their majority owners to step in and shore up support for investors, while increasing their stakes at the same time. […]

Friday’s World Markets: Asia-Pacific

Hong Kong stocks slipped Friday to end the week lower, as risk-averse sentiment strengthened on continued spread of the coronavirus with infections surpassing 1-M globally. At the close of trade, the Hang Seng index was down 43.95 points, or 0.19%, at 23,236.11. The Hang Seng China Enterprises index fell 0.37% to 9,491.1.The sub-index of the […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks fall on lagging worries about virus, recession

Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks fall on lagging worries about virus, recession

Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks fall on lagging worries about virus, recession Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan’s benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to […]

Thursday’s World Stock Markets Update: Asia and Oceania

Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims. With hopes growing that the worst of the outbreak may have passed for China and SKorea, the […]

Wednesday’s World Markets: Asia and Oceania

Asian equities recorded their biggest foreign outflow in at least 12 years in March, hit by the coronavirus pandemic and its impact on businesses across the region, with most factories shuttered to contain its spread. The S&P/ASX 200 index finished 3.6% higher at 5,258.60, recovering from the benchmark’s 2.02% fall Tuesday. The benchmark closed at […]

Hong Kong: HANG SENG INDEX (.HSI) now trading below its net asset value for only the third time in almost 30 years

Hong Kong: HANG SENG INDEX (.HSI) now trading below its net asset value for only the third time in almost 30 years

Hong Kong: HANG SENG INDEX (.HSI) now trading below its net asset value for only the third time in almost 30 years Hong Kong’s stocks are so beaten down that the Hang Seng Index is now trading below its net asset value for only the third time in almost 30 years. The 50-member benchmark was […]

Hong Kong: HANG SENG INDEX (.HSI) likely to find renewed support

Hong Kong: HANG SENG INDEX (.HSI) likely to find renewed support

Hong Kong: HANG SENG INDEX (.HSI) likely to find renewed support The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had accelerated almost 1,850 points or 8.3 percent. The Hang Seng Index now rests just above the 23,175-point plateau […]

Hong Kong: HANG SENG INDEX (.HSI) tipped to open under pressure

Hong Kong: HANG SENG INDEX (.HSI) tipped to open under pressure

Hong Kong: HANG SENG INDEX (.HSI) tipped to open under pressure The Hong Kong stock market rebounded on Friday, one day after it had snapped the two-day winning streak in which it had accelerated almost 1,850 points or 8.3 percent. The Hang Seng Index now rests just above the 23,480-point plateau although it’s tipped to […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks jump after Wall Street’s massive gains

Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks jump after Wall Street’s massive gains

Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks jump after Wall Street’s massive gains Asian markets jumped Wednesday, following Wall Street’s major surge overnight as US lawmakers inched closer to approving a stimulus bill to respond to the coronavirus crisis. Japan’s Nikkei 225 surged 6%. Australia’s S&P/ASX 200 rose 2.5%. South Korea’s Kospi gained more than […]

Thursday’s World Markets: Asia and Oceania

Thursday’s World Markets: Asia and Oceania

Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian Stocks Set for Mixed Start

Hong Kong: HANG SENG INDEX (.HSI) – Asian Stocks Set for Mixed Start

Hong Kong: HANG SENG INDEX (.HSI) – Asian Stocks Set for Mixed Start Asian stocks were poised for a mixed start, following the first back-to-back gains for global equities since mid-February, as negotiations in Congress continued toward a vote on the U.S. stimulus bill later this week. S&P 500 futures fluctuated in Asia after the […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian markets rally after Federal Reserve launches unlimited bond buying to shore up coronavirus-battered US economy

Hong Kong: HANG SENG INDEX (.HSI) – Asian markets rally after Federal Reserve launches unlimited bond buying to shore up coronavirus-battered US economy

Hong Kong: HANG SENG INDEX (.HSI) – Asian markets rally after Federal Reserve launches unlimited bond buying to shore up coronavirus-battered US economy Asia-Pacific stocks rallied on Tuesday after the US Federal Reserve launched unlimited bond buying and took other steps while the US Congress appeared closer to a deal on a massive stimulus package to boost […]

Hong Kong: HANG SENG INDEX (.HSI) Shares in Asia fail to hold

Hong Kong: HANG SENG INDEX (.HSI) Shares in Asia fail to hold

Hong Kong: HANG SENG INDEX (.HSI) Shares in Asia fail to hold Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading Thursday. Investors are in search of cash as fears of a […]

Hong Kong: HANG SENG INDEX (.HSI) now trades at 99% of book value

Hong Kong: HANG SENG INDEX (.HSI) now trades at 99% of book value

Hong Kong: HANG SENG INDEX (.HSI) now trades at 99% of book value A month into one of the fastest global market meltdowns in recent history, investors aren’t willing to pay more than liquidation value for stocks in Hong Kong. The 50-member Hang Seng Index now trades at 99% of book value, a level only […]

Wednesday’s World Markets: Asia and Oceania

Japanese stocks advanced Wednesday after Wall Street staged a strong rebound as policymakers across the world cobbled together packages to counter the severe restrictions on various regular activities aiming at slowing the spread of the coronavirus. Australian shares are set to open slightly lower on Wednesday as unnerved investors took note of the US Fed […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian shares plunge after Wall Street’s worst day since ’87

Hong Kong: HANG SENG INDEX (.HSI) – Asian shares plunge after Wall Street’s worst day since ’87

Hong Kong: HANG SENG INDEX (.HSI) – Asian shares plunge after Wall Street’s worst day since ’87 Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears […]

Hong Kong: HANG SENG INDEX (.HSI) stocks fall on doubts over stimulus efforts against virus

Hong Kong: HANG SENG INDEX (.HSI) stocks fall on doubts over stimulus efforts against virus

Hong Kong: HANG SENG INDEX (.HSI) stocks fall on doubts over stimulus efforts against virus Hong Kong stocks closed lower on Wednesday, tracking Asian markets that fell due to growing uncertainty over global policy efforts to arrest the economic loss from the coronavirus epidemic. The Hang Seng index fell 0.6% to 25,231.61, while the China […]

Hong Kong: HANG SENG INDEX (.HSI), Shanghai stocks slip despite US boost

Hong Kong: HANG SENG INDEX (.HSI), Shanghai stocks slip despite US boost

Hong Kong: HANG SENG INDEX (.HSI), Shanghai stocks slip despite US boost Hong Kong and Shanghai stocks ended with losses on Wednesday as an early rally fuelled by US economic support gave way to longstanding worries about the economic impact of the coronavirus outbreak. Hong Kong’s Hang Seng Index lost 0.6 percent, to 25,231. On […]

Hong Kong: HANG SENG INDEX (.HSI) stock market rally as tapering new cases of coronavirus spur traders to hunt for bargains after Monday’s sell-off

Hong Kong: HANG SENG INDEX (.HSI) stock market rally as tapering new cases of coronavirus spur traders to hunt for bargains after Monday’s sell-off

Hong Kong: HANG SENG INDEX (.HSI) stock market rally as tapering new cases of coronavirus spur traders to hunt for bargains after Monday’s sell-off Asian stock markets recovered from Monday’s rout as traders returned to hunt for bargains in the belief that the panic sell-off a day earlier had been overdone. Benchmark indexes rose in […]

Hong Kong: HANG SENG INDEX (.HSI) stocks plunge more than 1,000 points in worst fall in more than two years

Hong Kong: HANG SENG INDEX (.HSI) stocks plunge more than 1,000 points in worst fall in more than two years

Hong Kong: HANG SENG INDEX (.HSI) stocks plunge more than 1,000 points in worst fall in more than two years The benchmark stock index of Asia’s third-largest financial market made its biggest intraday percentage drop in more than two years, as plunging oil prices added to the weight of a spreading coronavirus outbreak in driving […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian shares drop as virus fears grip markets again

Hong Kong: HANG SENG INDEX (.HSI) – Asian shares drop as virus fears grip markets again

Hong Kong: HANG SENG INDEX (.HSI) – Asian shares drop as virus fears grip markets again Asian shares slipped Friday as fears about the virus outbreak once again dominated financial markets. Japan’s benchmark Nikkei dived 3.1% to 20,663.32. Australia’s S&P/ASX 200 lost 2.1% to 6,259.20. South Korea’s Kospi dropped 2.3% to 2,037.08. Hong Kong’s Hang […]

Hong Kong: HANG SENG INDEX (.HSI), mainland markets soar on rate cuts

Hong Kong: HANG SENG INDEX (.HSI), mainland markets soar on rate cuts

Hong Kong: HANG SENG INDEX (.HSI), mainland markets soar on rate cuts Hong Kong and Shanghai shares rallied on Thursday following a surge on Wall Street, while investors were cheered by global central bank moves to mitigate the impact of the coronavirus. Hong Kong’s Hang Seng Index jumped 2.1 percent, to 26,767. On the mainland, […]

Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally

Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally

Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally Hong Kong’s Hang Seng Index gave up gains made earlier in the day and ended up in the red while mainland markets continued their rally as global central banks pledged action to support economic growth. The Hang Seng Index ended the day, down […]

Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally

Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally

Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally Hong Kong’s Hang Seng Index gave up gains made earlier in the day and ended up in the red while mainland markets continued their rally as global central banks pledged action to support economic growth. The Hang Seng Index ended the day, down […]

Hong Kong: HANG SENG INDEX (.HSI) stocks end higher on stimulus hopes

Hong Kong: HANG SENG INDEX (.HSI) stocks end higher on stimulus hopes

Hong Kong: HANG SENG INDEX (.HSI) stocks end higher on stimulus hopes The Hang Seng index rose 0.6% to 26,291.68, while the China Enterprises Index gained 1.8% to 10,485.17 points. The HSCE, an index tracking mainland firms, outperformed as downbeat data reinforced expectations of further stimulus to support China’s economy. Factory activity in China contracted […]

Hong Kong: HANG SENG INDEX (.HSI) – Coronavirus causes intrepid investors to look east for bargains

Hong Kong: HANG SENG INDEX (.HSI) – Coronavirus causes intrepid investors to look east for bargains

Hong Kong: HANG SENG INDEX (.HSI) – Coronavirus causes intrepid investors to look east for bargains There is no lack of superlatives for the drubbing Asia stocks took to end February in the face of soaring coronavirus cases outside of China: Friday was the worst day for regional equities since October 2018, ending the poorest […]

Hong Kong: HANG SENG INDEX (.HSI) slips as investors unmoved by budget boost

Hong Kong: HANG SENG INDEX (.HSI) slips as investors unmoved by budget boost

Hong Kong: HANG SENG INDEX (.HSI) slips as investors unmoved by budget boost Hong Kong shares went into the break with fresh losses on Thursday as traders unmoved by a big-spending budget from the city’s finance chief aimed at shoring up the struggling economy. The Hang Seng Index fell 0.7 percent, to 26,519 by the […]

Hong Kong: HANG SENG INDEX (.HSI) falls as Asian investors run for cover

Hong Kong: HANG SENG INDEX (.HSI) falls as Asian investors run for cover

Hong Kong: HANG SENG INDEX (.HSI) falls as Asian investors run for cover Hong Kong stocks ended sharply lower again on Wednesday, in line with a worldwide plunge as the extensive spread of the coronavirus fans fears about a severe hit to the global economy. The Hang Seng Index retreated 0.7 percent, to close at […]

Hong Kong: HANG SENG INDEX (.HSI) gains on bargain hunting, Asian markets mixed

Hong Kong: HANG SENG INDEX (.HSI) gains on bargain hunting, Asian markets mixed

Hong Kong: HANG SENG INDEX (.HSI) gains on bargain hunting, Asian markets mixed Hong Kong stocks snapped a three-day losing streak on Tuesday to end with a small gain on bargain buying, but investors remain on edge over fears of a coronavirus pandemic. The Hang Seng Index rose 0.3 percent, to close at 26,893. On […]

Hong Kong: HANG SENG INDEX (.HSI) slides as airlines, casino stocks fall sharply

Hong Kong: HANG SENG INDEX (.HSI) slides as airlines, casino stocks fall sharply

Hong Kong: HANG SENG INDEX (.HSI) slides as airlines, casino stocks fall sharply Hong Kong suffered more big losses on Monday as investors fret that the coronavirus could become a global pandemic, with energy firms and companies linked to tourism among the worst hit. The Hang Seng Index fell 1.8 percent, over 487 points, to […]

Hong Kong: HANG SENG INDEX (.HSI) stocks close lower on virus worries

Hong Kong: HANG SENG INDEX (.HSI) stocks close lower on virus worries

Hong Kong: HANG SENG INDEX (.HSI) stocks close lower on virus worries Hong Kong stocks closed lower Thursday as traders tried to work out if the new coronavirus would have a lasting impact on corporate earnings and economic growth.  The Hang Seng Index fell 0.2 percent, or 46.65 points, to 27,609.16.  Mainland China’s benchmark Shanghai […]

Hong Kong: HANG SENG INDEX (.HSI) – Asia markets bounced back

Hong Kong: HANG SENG INDEX (.HSI) – Asia markets bounced back

Hong Kong: HANG SENG INDEX (.HSI) – Asia markets bounced back Asia markets mostly recovered on Wednesday after tumbling a day before, with investors closely monitoring China’s progress in returning to work as the country deals with the coronavirus outbreak. Oil prices also bounced back. Hong Kong’s Hang Seng index rose 0.47% in the afternoon. […]

Hong Kong: HANG SENG INDEX (.HSI) drops sharply over corporate profit warnings

Hong Kong: HANG SENG INDEX (.HSI) drops sharply over corporate profit warnings

Hong Kong: HANG SENG INDEX (.HSI) drops sharply over corporate profit warnings Hong Kong stocks closed sharply lower on Tuesday as the deadly new coronavirus took a toll on corporate earnings and economic growth. The Hang Seng Index fell 1.5 percent, to close at 27,530. On the mainland, the Shanghai Composite Index was up 0.1 […]

Hong Kong: HANG SENG INDEX (.HSI) stocks hit near 4-week high as China steps up support

Hong Kong: HANG SENG INDEX (.HSI) stocks hit near 4-week high as China steps up support

Hong Kong: HANG SENG INDEX (.HSI) stocks hit near 4-week high as China steps up support Hong Kong stocks rose to the highest level in almost four weeks on Monday as Beijing stepped up policy stimulus to cushion the economic impact from the coronavirus outbreak. The Hang Seng index closed up 0.5% at 27,959.60, after […]

Stocks in Hong Kong: HANG SENG INDEX (.HSI) and mainland China advance on expectations of additional stimulus out of Beijing and eventual success in defeating the novel coronavirus

Stocks in Hong Kong: HANG SENG INDEX (.HSI) and mainland China advance on expectations of additional stimulus out of Beijing and eventual success in defeating the novel coronavirus

Stocks in Hong Kong: HANG SENG INDEX (.HSI) and mainland China advance on expectations of additional stimulus out of Beijing and eventual success in defeating the novel coronavirus Stocks in Hong Kong and mainland China advanced Friday on expectations of additional stimulus out of Beijing and eventual success in defeating the novel coronavirus. The Hang […]

Jump in virus cases sends Hong Kong: HANG SENG INDEX (.HSI) into the red

Jump in virus cases sends Hong Kong: HANG SENG INDEX (.HSI) into the red

Jump in virus cases sends Hong Kong: HANG SENG INDEX (.HSI) into the red Hong Kong stocks ended the morning session down on Thursday, after mainland authorities reported a dramatic rise in the number of coronavirus deaths and infections in the mainland. The Hang Seng Index dropped 0.1 percent, to 27,784 by the break. On […]

Hong Kong: HANG SENG INDEX (.HSI) continues rally, most Asian markets up

Hong Kong: HANG SENG INDEX (.HSI) continues rally, most Asian markets up

Hong Kong: HANG SENG INDEX (.HSI) continues rally, most Asian markets up Hong Kong stocks closed higher on Wednesday, a second consecutive day of gains as concerns eased about the economic impact of the coronavirus outbreak in China. The Hang Seng Index rose 0.9 percent, to 27,823. On the mainland, the Shanghai Composite Index closed […]

Hong Kong: HANG SENG INDEX (.HSI) bounces back despite coronavirus fears

Hong Kong: HANG SENG INDEX (.HSI) bounces back despite coronavirus fears

Hong Kong: HANG SENG INDEX (.HSI) bounces back despite coronavirus fears Hong Kong stocks ended on Tuesday with gains, recovering after a jittery start to the week but investors remained cautious about the economic impact of the coronavirus outbreak on the economy. The Hang Seng Index rose 1.3 percent, to close at 27,583. On the […]

Hong Kong: HANG SENG INDEX (.HSI) – Asian Markets Fall on Impact Woes of China Virus

Hong Kong: HANG SENG INDEX (.HSI) – Asian Markets Fall on Impact Woes of China Virus

Hong Kong: HANG SENG INDEX (.HSI) – Asian Markets Fall on Impact Woes of China Virus Markets across the Asia-Pacific region were in the red on Monday with investors worried about the impact of the new coronavirus outbreak on the global economy. The virus has killed more than 900 people, infected 40,000 across mainland China […]

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