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Hong Kong stock market

Hong Kong stocks fall toward 14-month low as China deflation puts earnings at risk, turns market into value trap

by Anas Siddiqui
Hong Kong stocks fall toward 14-month low as China deflation puts earnings at risk, turns market into value trap

Hong Kong stocks extended a slump after consumer prices in China fell by the most in three years, heightening concerns deflation will erode corporate earnings and margins. Markets await the …

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Tencent suffers stock setback as Dutch group Prosus trims part of US$92 billion stake in WeChat operator

by Anas Siddiqui
Tencent suffers stock setback as Dutch group Prosus trims part of US billion stake in WeChat operator

Dutch group Prosus NV sold another piece of its US$92 billion stake in Tencent Holdings to help fund its own stock buy-back in Amsterdam, pressuring the WeChat operator’s stock trading …

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JPMorgan leads Meituan stock downgrades after US$10 billion share sell-off amid growth doubts for Chinese delivery firm

by Anas Siddiqui
JPMorgan leads Meituan stock downgrades after US billion share sell-off amid growth doubts for Chinese delivery firm

A US$10 billion sell-off in Meituan shares is shaking the confidence of analysts who have been bullish on the Chinese food-delivery company for more than three years. Many cut their …

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JPMorgan, HSBC AM say Chinese stock investors should prepare for a long winter

by Anas Siddiqui
JPMorgan, HSBC AM say Chinese stock investors should prepare for a long winter

Beaten-down Chinese stocks are likely to face a long winter ahead as the ongoing property turmoil poses a risk to the economic recovery, at a time when policy support provides …

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Hong Kong stocks approach 13-month low after JPMorgan, HSBC cast doubt over growth hopes into 2024

by Anas Siddiqui
Hong Kong stocks approach 13-month low after JPMorgan, HSBC cast doubt over growth hopes into 2024

Hong Kong stocks dropped to the lowest level in nearly 13 months after JPMorgan and HSBC predicted another bumpy year ahead amid economic headwinds. Better-than-expected data on manufacturing activity failed …

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New World Development offers to buy back US$600 million of bonds after completing a US$2.8 billion asset sale to controlling family

by Anas Siddiqui
New World Development offers to buy back US0 million of bonds after completing a US.8 billion asset sale to controlling family

New World Development offered to buy back as much as US$600 million of its outstanding dollar-denominated debt through a public tender to manage its debt load, days after receiving HK$21.8 …

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Sunac China’s shares soar after property developer says debt restructuring conditions ‘satisfied’

by Anas Siddiqui
Sunac China’s shares soar after property developer says debt restructuring conditions ‘satisfied’

Sunac China’s shares soared in Hong Kong after the troubled developer said it had satisfied conditions for a long-awaited offshore debt restructuring deal – the first of its kind since …

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Analysts trim Alibaba Group’s stock price targets by up to 23% after US$41 billion sell-off due to reorganisation snag

by Anas Siddiqui
Analysts trim Alibaba Group’s stock price targets by up to 23% after US billion sell-off due to reorganisation snag

Analysts tracking Alibaba Group Holding have trimmed their price targets for the stock by as much as 23 per cent, driving the consensus average to an all-time low, after China’s …

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Hong Kong stocks at 1-month highs on cooling US inflation, upbeat China retail and industrial data

by Anas Siddiqui
Hong Kong stocks at 1-month highs on cooling US inflation, upbeat China retail and industrial data

Hong Kong stocks rallied as cooling inflation in the US bolstered bets that interest rate increases may have peaked, while China’s positive retail and industrial figures helped to ease concerns …

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Hong Kong stocks slip as mainland Chinese funds sell into rally amid concerns about weak Tencent and tech earnings

by Anas Siddiqui
Hong Kong stocks slip as mainland Chinese funds sell into rally amid concerns about weak Tencent and tech earnings

Hong Kong stocks slipped as mainland Chinese funds took advantage of the market rally before the nation’s biggest tech companies report their earnings with Tencent signalling a weak trend. The …

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