Hang Seng Index

Protests in China drag global stocks down as strategists see Covid disruption linger

Protests in China drag global stocks down as strategists see Covid disruption linger

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Wednesday, November 9, 2022. Michael Nagle | Bloomberg | Getty Images Global stocks fell on Monday after rare protests erupted across China over the weekend amid growing unrest over the country’s zero-Covid policy. An apparent easing earlier this month …

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Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

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Indian stocks hit all-time highs Indian stocks hit new highs in Monday’s session. The Nifty 50 Index, the flagship index of the National Stock Exchange of India, reached 18,611.05, surpassing the previous intraday high of 18,604.45 seen on October 19, 2021. The Sensex reached 62,690.39 during the morning session in India, also surpassing previous record …

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Hong Kong stocks lead losses as China's Covid cases surge; Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

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JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Hong Kong stocks lead losses as China's Covid cases surge; Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

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JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets Read More »

Hong Kong shares drop 2% in Asia session; China keeps interest rates unchanged

Hong Kong shares drop 2% in Asia session; China keeps interest rates unchanged

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Japanese trading houses rise as Berkshire Hathaway reportedly increases stake Shares of some Japanese trading houses rose at the start of the Asian session, despite declines in markets in the region, after billionaire Warren Buffett’s Berkshire Hathaway increased its stake in the companies, according to individual regulatory filings. Berkshire increased its stake by more than …

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Hong Kong Stocks Up 3% as Tech Stocks Rise; China's activity data disappoints

Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints

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There’s huge value in some Chinese tech stocks, says Primavera Capital Shares of major Chinese tech companies are currently “so depressed” and “really cheap,” said Fred Hu, founder and chairman of Primavera Capital. The Hang Seng Tech index in Hong Kong is down more than 30% year-to-date, although the index has rebounded in recent weeks. …

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China relaxes its Covid measures. Here's how market pros play it

China relaxes its Covid measures. Here’s how market pros play it

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China announced last week a shortening of its quarantine requirements, while simplifying travel rules and adjusting its surveillance regime. The news raised hopes that the country could soon materially roll back its draconian Covid restrictions, widely considered the toughest in the world. China has remained firm on its zero Covid policy even as countries around …

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