Concern over earnings stops 10-day rally in Hong Kong stocks
Hong Kong stocks ended their 10-day rally yesterday as investors took profits on worries that soon-to-be-released corporate earnings may disappoint after major mainland companies, including China Unicom, missed third-quarter results…
Yuan hits new intraday high against US dollar
The spot rate for the yuan advanced to a new 19-year-high in intraday trading yesterday, but analysts said a significant appreciation was unlikely in the near future. The yuan closed…
HKMA intervenes again to weaken Hong Kong dollar
The Hong Kong Monetary Authority stepped into the currency market twice on Tuesday as the local currency hit the top end of its trading range. Markets & Investing feed…
Hang Seng Index soars to 52-week high on inflows
Hong Kong shares rose to a 52-week high yesterday, buoyed by expectations of further capital inflows said to be mainly due to a third round of quantitative easing by the…
Asian markets lower after Wall St tumbles
Asian markets fell on Wednesday, following big losses on Wall Street after weak reports and forecasts from top US companies, while fresh fears over Spain added to selling pressure. The…
HKMA intervenes again to weaken currency
HKMA buys $ 395 mln to curb Hong Kong dollar strength The Hong Kong Monetary Authority stepped into the currency market early on Wednesday morning as the local currency hit…
Chart of the Week: China share gap narrowest in eight months
Chinese companies traded on the mainland are priced at the smallest premium to Hong Kong-listed counterparts in eight months, a sign that local investors are becoming more bearish than foreigners…
Regulator to pass on I.P.O. review powers
Beijing is likely to reform further the mainland’s system for share offerings in the next few months. The China Securities Regulatory Commission (CSRC) plans to relinquish its responsibility in reviewing…
Management Surveys: Hong Kong fund managers top of the class
Citywire, a London-based financial publishing and information group focused on the fund management industry, has come out with its latest global rankings of fund managers, including a ranking of the…
