It’s snakes and ladders on CLSA’s Fung Shui Index
The Hang Seng was likely to continue climbing to an intrayear high in August on the back of a strong performance in the resources sector, the broker said. Afterwards, it…
Jewellers lose out in Beijing’s anti-graft drive
Shares of high-end jewellery and watch retailers slumped yesterday amid concerns that the anti-corruption push on the mainland would take its toll on sales of luxury goods. Emperor Watch &…
CIFI targets 31pc growth in sales
Shanghai developer CIFI has targeted sales revenue for the year of 12.5 billion yuan (HK$ 15.39 billion), an increase of 31 per cent from last year. “We have more than…
Asian shares inch higher on solid China trade data
Asian shares edged up on Friday after China’s trade data for January handily beat forecasts to underscore a recovery trend, but prices were capped by investors seeking to book profits…
Moody’s falls on risk of US lawsuit
Shares in credit rating agency Moody’s slid 6 per cent yesterday as the prospect of a federal fraud lawsuit over its pre-crisis debt ratings overshadowed a 66 per cent rise…
Asian shares inch higher on solid China trade data
Asian shares edged up on Friday after China’s trade data for January handily beat forecasts to underscore a recovery trend, but prices were capped by investors seeking to book profits…
NetDragon’s spin-off of mobile internet business gets green light
NetDragon Websoft, China’s seventh-largest online gaming company, has received approval from the Hong Kong stock exchange to spin off and separately list its mobile internet business on the Growth Enterprise…
Asian markets mostly down ahead of China data
Asian markets were mostly down on Thursday with traders in Japan booking profits following the Nikkei’s highest close since September 2008 as investors awaited fresh economic leads from China. Tokyo…
China completes 70 billion yuan RQFII allotment
Four Chinese asset managers were granted a total of 3 billion yuan in quotas last month under the renminbi qualified foreign institutional investor (RQFII) scheme by the State Administration of…
Asian markets rebound, weaker yen boosts Tokyo
Asian markets climbed on Wednesday following big losses in the previous session, with Tokyo surging as the yen tumbled after Bank of Japan governor Masaaki Shirakawa said he will step…
