Many happy returns
In recent years, the criticism about giant Wall Street hedge funds – those that command billions of investor dollars from pension funds, endowments and the wealthy – is that they’re…
Investors dump stocks on poor China economic data
A drop in gold prices also weighed on the market, dragging down mining shares. Zijin Mining, the country’s biggest gold miner, fell 7.2 per cent to HK$ 2.33. Spot gold…
How to prevent getting wiped out by a rights offer
One fine day in March I checked the price of my favourite stock, Haitong Securities, a brokerage. It was taking a dive, which prompted me to check for news about…
Insider trading is alive and well – it’s just got slicker
Financial columnists sometimes enjoy the influence they have over events on the markets. But that influence can come back to bite them if they’re accused of making false statements about…
Night trading off to slow start
After-hours trading of equity futures debuted with thin volumes last night, fuelling concern among local brokers that big investors could use it to manipulate stocks, leading to financial instability. Markets…
Shanghai plans secondary market exit for investors
Shanghai plans to establish a secondary market to enhance liquidity for private equity funds, creating a new exit for embattled early investors amid a drought in initial public offerings. Markets…
HKT shares slip after Richard Li sell-off
Shares of HKT Trust, which runs the city’s biggest fixed-line telecommunications network, were down 2.53 per cent to close at HK$ 7.70 in trading yesterday. Markets & Investing feed…
Yen hits 47-month low vs dollar, focus on 100 threshold
The yen pushed deeper into multi-year lows versus the dollar and euro on Tuesday as the market saw every reason to sell the currency with the Japanese central bank on…
Asian markets up on China data, yen sinks further
Asian markets rose on Tuesday, boosted by positive inflation data from China, while Tokyo extended its winning streak as the yen sank to multi-year lows. Wall Street also provided a…
Shares in Hengli soar after Wanda takeover
Shares in Hengli Commercial Properties yesterday surged nearly fivefold after the company became a back-door listing for Dalian Wanda Commercial Properties, one of the largest developers controlled by the nation’s…
