| Hong kong Market Update Archive: |
|
Shanghai Falls Again, HK Recovers
Apr 18, 5:13 PM EDT |
|
| China Mobile rose 1.9% ahead of its earnings but PetroChina fell below its recently listed Shanghia IPO price. |
|
| February exports rose 5.5% on rising exports to mainland China and Germany. Petro China fell below its offer price in Shanghai on the worries that refining margins will hurt earnings. In Hong Kong trading the benchmark Hang Seng Index declined 0.3% to 24,197.78, down 1.91% for the week, and the China Enterprises Index of H-shares, fell 1.7% to 12,675.43, declining 5.10% for the week. In Shanghai trading, CSI 300 Index dropped 3.4% to 3,272.50. |
|
|
Full
Story... |
| |
Shanghai Fell 3%, Hong Kong Up 1.6%
Apr 17, 10:16 AM EDT |
|
| Peoples Bank of China raised its reserve requirements for commercial banks to 16% to prevent economy from overheating. PoB may take additional steps. |
|
| China increased its reserve ratio requirements for banks to 16% and may increase again if economy does not slow down. Economists are expecting central bank to authorize additional tightening measures after a surge in inflation and rapid rise in property prices and food and energy costs. In Hong Kong trading, Hang Seng rose 1.6% to 24,258 but in Shanghai CSI 300 index fell 3% to 3,386. China reported a total international investment of $92 billion at the end of 2007. |
|
|
Full
Story... |
| |
Stocks in China Region Fall
Apr 16, 2:13 PM EDT |
|
| Stocks in Hong Kong and China fell after the release of first quarter inflation and growth data. PICC stock fell 12% on weak earnings. |
|
| GDP in the first quarter in China dipped to 10.6% from 11.7% a year ago, industrial production rose 16.4% and inflation to 8%. Food prices in the quarter surged 21% on tough weather conditions and rising fuel prices in the international markets. Retail prices in the quarter rose 7.4% and producer prices increased 6.9%. The news sent stocks lower in China and Hong Kong on the worries that the government will take measures to tighten the economy further. |
|
|
Full
Story... |
| |
Resource Stocks Rise, Higher Metals Prices
Apr 15, 10:29 AM EDT |
|
| Resource stocks in Hong Kong and Shanghai trading gained lifting market averages. |
|
| Record prices in metals and crude oil lifted select stocks and brader market averages but inflation fears persisted in the market. In Hong Kong trading, Hang Seng Index rose 0.40% or 90 to 23,901.33. In Shanghai trading, CSI 300 Index rose 1.3% or 46 to 3,583.30. China expects steel demand to rise 10% to 520 million tons and domestic suppliers are expected to meet almost all the demand. Dubai based fund expects to set up a fund to invest $1 billion in China. |
|
|
Full
Story... |
| |
China Forex Reserve and Inflation Up
Apr 14, 4:13 PM EDT |
|
| China reported foreign exchange reserve at the end of first quarter jumped 40% to $1.7 trillion from a year ago. Inflation remains high. |
|
| China''s foreign currency reserves jumped to $1.68 trillion at the end of the first quarter, 40% rise from a year ago. The sharp rise in foreign reserves is fueling inflation and attracting speculative capital to China. Investors have to come to believe that China will have to strengthen its currency against dollar and increase interest rate to slow down economic expansion. In Hong Kong trading the Hang Seng Index fell 3.47% or 856.59 at 23,811.20. |
|
|
Full
Story... |
| |
ICBC Earnings Oulook Lift Financials
Apr 10, 5:00 PM EDT |
|
| TPV Technology rose 5% after it reported 19% rise in earnings. Renminbi fell below 7 for the first time in since 2005. |
|
| ICBC estimated earnings gain for the first quarter of this year to rise at least 50%, lifting stocks in the financial sector. China Construction Bank gained 4% ahead of its earnings tomorrow. Higher crude prices crimped margins at refiners, dragging the sector lower. China statics agency revised higher its estimate for economic growth in 2006 and 2007. |
|
|
Full
Story... |
| |
Shanghai Plunges 5%, HK Stocks Down 1.4%
Apr 09, 3:42 PM EDT |
|
| Stocks in Hong Kong and Shanghai declined on rising inflation and worries related to earnings. |
|
| China reported a decline in consumer confidence in the first quarter on rising food and energy prices. However, real estate sales continue to surge in March after falling for two months in a row. Stocks in Shanghai plunged 5% as investors worried that earnings in the first quarter will be lower than expected. Hang Seng index fell 1.4% but recovered from larger losses on rising energy and commodities stocks. |
|
|
Full
Story... |
| |
Inflation Worries Drives HK Trading
Apr 08, 9:24 AM EDT |
|
| Commodities and energy related stocks gained in Hong Kong and Shanghai trading |
|
| Hong Kong Stock indexes fell on resurgent fears of credit market losses that led financial stocks lower. Hang Seng Index fell 1.9% or 267.07 at 24,311.69, and China Enterprises Index fell 1.67% or 223.66 to 13,196.22. Rising commodities prices and weak dollar fueled the inflation worries in the region. China business climate index fell on severe weather condition in the first quarter. |
|
|
Full
Story... |
| |
HK and Shanghai Stocks Rise, Sinopec Earnings
Apr 07, 3:18 PM EDT |
|
| Stocks in Hong Kong and in Shanghai rose on a rally in commodities stocks in the region. Copper, gold, and oil gained. |
|
| Stocks in Hong Kong closed higher after a week of losses on a rise in commodities and earnings from Sinopec. In Hong Kong trading Hang Seng Index rose 1.29% or 314.13 at 24,578.76, and China Enterprises Index of Hong Kong-listed mainland companies, or H shares, edged up 2.15% or 282.31 at 13,419.88.Sinopec stock increased 2% after it reported 2007 net income rise of 5.5% on revenue gain of 13.4% on higher gas and oil revenue. In Shanghai trading CSI 300 advanced 5.34% or 195.12 at 3,845.82. |
|
|
Full
Story... |
| |
Shanghai and HK Gain
Apr 03, 9:55 AM EDT |
|
| Stocks in Shanghai and Hong Kong gained on a rally in commodities and financial stocks. |
|
| Rising commodities prices in the region and a second-day rally in financial stocks lifted Hang Seng index 1.6% to 24,264. Stocks in Shanghai rose 3%. ADB, Asian Development Bank estimated Hong Kong growth of 4.5% and inflation of 3.4% in 2008. Apartment sales in shanghai were healthy in March and are expected to remain strong in the first half of the year. |
|
|
Full
Story... |
| |
11
12
13
14
15
16
17
18
|
|
|
