Morgan Stanley downgrades view of internet stocks, citing overvaluation
Morgan Stanley lowered its industry view on internet stocks to “in-line” from “attractive”, saying growth in the sector needs to accelerate to justify current valuations. Markets & Investing feed…
Surprise! New arrow in central banks’ quiver as rate slashing and money printing reach best-by date
After slashing interest rates to almost nothing and printing trillions of dollars, central banks are becoming increasingly reliant on another policy weapon: sucker punching markets. Markets & Investing feed…
Mainland Chinese cities build their way to growth
Luxury hotels and state-of-the-art shopping centres, central financial districts and high-technology industrial parks … the names vary, but the components are similar in most of the 14 industry clusters under…
HSBC shares up on profit rise, but concerns remain
HSBC shares climbed to a six-week high in Hong Kong yesterday after the bank’s third-quarter pre-tax profit grew 30 per cent year on year. But analysts warned the softening revenue…
MPF continues strong run but outlook tempered by market uncertainties
Investment funds in the Mandatory Provident Fund scheme, which covers 2.4 million employees in the city, continued its good run last month, beating the Hang Seng Index. Markets & Investing…
HKEx profit up 20pc as turnover rises
Higher market turnover has helped Hong Kong Exchanges and Clearing report better-than-expected results for the third quarter, but brokers are wary of the challenges ahead. Markets & Investing feed…
Cinda cleared for IPO pre-marketing
China Cinda Asset Management is poised to begin pre-marketing for a US$ 2.5 billion share sale, after receiving listing approval from the Hong Kong stock exchange, bankers working on the…
New ETF first in US giving foreign investors exposure to Chinese shares
Foreign investors looking to get access to China’s onshore market have a new avenue, with Deutsche Asset & Wealth Management yesterday launching the first ETF with direct exposure to shares…
Twitter shares rocket on debut
Twitter stock soared 92 per cent in their first day of trading on the New York Stock Exchange as investors snapped up shares in the microblogging site, pushing its market…
Sophisticated US firms take advantage of small investors, says ICE head
The head of IntercontinentalExchange (ICE), which is about to own the New York Stock Exchange, says US equity markets are flawed because sophisticated traders are taking advantage of small investors.…
