Tag: Hang Seng Index

  • Fed Minutes, Bank of Korea Decision, Sri Lanka

    Bill Ackman says the Hong Kong dollar peg will break Billionaire hedge fund manager Bill Ackman Sustainability questioned Hong Kong dollarHe pegged his currency to the dollar, adding that his company Pershing Square He has a large short position on the currency. “We have a short-term hypothetical position against the HKD through ownership of put […]

  • Asia Pacific markets were mixed as investors weigh the risks

    Malaysian GPS Kingmaker Party will support Perikatan Nasional, not Pakatan Harapan One of the kingmakers in the Malaysian election, Gabungan Party Sarawak, a national political coalition based in Sarawak in eastern Malaysia, said it supports the Perikatan National Coalition to form a government and will not work with Anwar Ibrahim’s Pakatan Harapan. Malaysia’s king has […]

  • Asia-Pacific markets trade less; China keeps the LPR steady

    Hong Kong movers: Stocks reopen and tech stocks drop as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway is reported to boost its stake Shares of some Japanese trading companies rose early in the Asian session, despite the decline in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted his stake […]

  • Meituan, Tencent, APEC leaders meet, Japanese trade, unemployment in Australia

    NetEase backtracked after Blizzard announced it was suspending its Chinese game services Hong Kong shares listed netease decreased by 13% after Blizzard Entertainment, a subsidiary of Activision Blizzardhe said Suspension of gaming services in Chinaciting expired licensing agreements with NetEase. “We are incredibly grateful for the passion our Chinese community has shown over the nearly […]

  • Asia Pacific markets mostly fell as the second day of the G20 started

    Biden says it is “unlikely” that the missile that killed two people in Poland was launched from Russia US President Joe Biden said that An “unlikely” missile, which killed two people in Poland, was fired from RussiaCiting the trajectory of the missile. Asked by a reporter if the missile was launched from Russia, Biden said: […]

  • Hong Kong shares rose 3% as technology stocks advanced; Chinese activity data disappointing

    Primavera Capital says there is huge value in some Chinese tech stocks Fred Ho, founder and chairman of Primavera Capital, said stocks of large Chinese tech companies are “too low” and “cheap.” Hong Kong’s Hang Seng Tech is down more than 30% since the start of the year, although the index has rebounded in recent […]

  • Hong Kong shares gained more than 5% as Asian markets rise after US inflation report

    Earnings preview: SoftBank posts net profit after seeing previous losses SoftBank is expected to post a net profit in the next quarterly earnings. The median forecast expects the Japanese giant to report an annual net profit of 2.769 trillion yen ($19.5 billion) for the second quarter ended September 30, according to a survey by Refinitiv. […]

  • Hong Kong stocks fall Asian markets mixed before Fed rate decision

    Oil prices rise after industry report on falling US crude inventories Oil prices rose on Wednesday as demand continued despite higher interest rates, and industry reports showed a decline in US crude stocks, Reuters Citing figures from the American Petroleum Institute released on Tuesday. Brent crude futures contracts A profit of $1.31, or 1.46%, to […]

  • Stocks rally ahead of RBA decision; Caixin PMI less than 50

    The Reserve Bank of Australia raised interest rates by 25 basis points, as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average expectations of analysts in a Reuters poll. This is the seventh consecutive tightening move by the Reserve Bank of Australia in an […]

  • Markets in China stabilized as Asian markets slumped; yen at 150 . levels

    CNBC Pro: Goldman Sachs Says These Stocks Could Increasingly Survive a Possible Recession “The overall picture is arguably more challenging than it has been for some time,” says Goldman Sachs, who favors the iron-on strategy in recession stress. The bank has named several stocks rated as a buy that it believes could do well against […]