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Shanghai Composite Index

Hong Kong stocks slip in worst January since 2016 on BYD earnings miss, weak China manufacturing outlook

by Anas Siddiqui
Hong Kong stocks slip in worst January since 2016 on BYD earnings miss, weak China manufacturing outlook

Hong Kong stocks dropped, with the benchmark index heading for the worst January since 2016, amid renewed concerns about corporate earnings and China’s economic recovery outlook. EV maker BYD slumped …

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Opinion | China’s economic loss is not necessarily Japan’s gain

by Anas Siddiqui
Opinion | China’s economic loss is not necessarily Japan’s gain

The starkly diverging fortunes of the region’s two biggest equity markets are redrawing the investment landscape in Asia. By the end of last week, a staggering US$6.3 trillion – about …

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Hong Kong stocks sink 3.7%, worst drop in 15 months as Alibaba, AIA, Longfor lead losses on China’s growth, home prices data

by Anas Siddiqui
Hong Kong stocks sink 3.7%, worst drop in 15 months as Alibaba, AIA, Longfor lead losses on China’s growth, home prices data

Hong Kong stocks slumped to the lowest in more than 14 months after a government report on growth in China’s economy trailed market consensus and home prices slipped. Fund managers …

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Hong Kong stocks surrender gains with market logging third weekly slump amid losses in Alibaba, Tencent and BYD

by Anas Siddiqui
Hong Kong stocks surrender gains with market logging third weekly slump amid losses in Alibaba, Tencent and BYD

Hong Kong stocks registered a third straight week of losses, the market’s worst start to a year since 2016, as investors continue to fret over China’s economic outlook. The slump …

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‘Why is China down again?’ Bewildered Hong Kong-based funds ask BofA Securities to explain stock losses

by Anas Siddiqui
‘Why is China down again?’ Bewildered Hong Kong-based funds ask BofA Securities to explain stock losses

Fund managers in Hong Kong appear to be baffled by the slump in Chinese stocks after the market’s worst start to a year since 2016. Some bearish investors wished they …

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Chinese stocks listed in Shanghai and Hong Kong have never been cheaper. Here’s why

by Anas Siddiqui
Chinese stocks listed in Shanghai and Hong Kong have never been cheaper. Here’s why

The fate of mostly Chinese companies represented on the Hang Seng Index in Hong Kong is far worse. Their average price-to-book value stood at 0.85 times on Wednesday, near the …

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Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessive

by Anas Siddiqui
Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessive

Hong Kong stocks rebounded on speculation a four-day rout in the city’s benchmark index was excessive. A technical indicator showed the market was oversold and due for a reversal. The …

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Hong Kong stocks hover near 14-month low as cautious investors expect mixed China economic data

by Anas Siddiqui
Hong Kong stocks hover near 14-month low as cautious investors expect mixed China economic data

Hong Kong stocks declined for a third day before a key release of 2023 economic data that is expected paint a mixed picture for China’s recovery. The Hang Seng Index …

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Hong Kong stocks in worst start to the year since 2005 on China growth concerns and US rate outlook

by Anas Siddiqui
Hong Kong stocks in worst start to the year since 2005 on China growth concerns and US rate outlook

Hong Kong stocks had the worst start to the year since 2005, as a slowdown in China’s growth and longer than expected policy tightening in the US dented sentiment. The …

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Hong Kong stocks trade close to 2-week low as Fed minutes curb wagers on aggressive rate cuts

by Anas Siddiqui
Hong Kong stocks trade close to 2-week low as Fed minutes curb wagers on aggressive rate cuts

Hong Kong stocks hovered near a two-week low as the latest minutes from the Federal Reserve suggested interest rates would remain higher for longer, offsetting a report showing an improvement …

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