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Stock Market / Finance in Hong Kong

  • Asian energy firms fired up by rally in oil prices

    HONG KONG, 2017/06/02 Oil prices pressed on with fresh gains in Asian trade on Tuesday, boosting energy firms, next Russia and Saudi Arabia indicated they could extend an output cut into next year. The world's top two crude-producing nations raised the idea at the weekend, with a transaction agreed between OPEC — of which Saudi Arabia is the key player — and Russia coming to an end in six weeks. The news sent oil prices soaring about 2 % on Monday, in turn dragging world energy firms with them.
  • Despite UK deal, MTR CEO says Hong Kong still key market

    HONG KONG, 2017/03/31 Despite growing investment in overseas rail networks, Hong Kong remains MTR Corporation's primary market, its CEO, Lincoln Leong, told CNBC's "Squawk Box" on Friday. Hong Kong rail operator MTR has secured a 30 % share in one of U.K.'s major rail franchises, South Western Trains, in conjunction with Initial Group. "This franchise carries around 230 million passengers each year in a network that spans about 1,000 kilometers, so we're very pleased that the U.K. government has recognized the contribution which Initial Group and MTR can bring," Leong said.
  • Asian Shares Fall Amid Lack Of Triggers

    CHINA, 2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.
  • Asian Markets Retreat After Oil Prices Fall Again

    CHINA, 2016/01/26 Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week. The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks. In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
  • Cheung Kong shares up 19%, Hutchison 15% on deal

    HONG KONG, 2015/01/13 Shares of Cheung Kong and Hutchison Whampoa each jumped additional than 15 % at the start of Hong Kong trading, following a radical move on Friday to reorganise the two flagship companies of Li Ka-shing. The transaction - an effective merger of the two companies, plus a spin-off of their property units into a new, separately-listed company - was meant to unlock price in both. Assuming shareholder approval the transaction is expected to close in June.
  • HK's balance of payments surplus hits 94 bln HKD

    HONG KONG, 2013/03/24 Hong Kong recorded a surplus of 94.3 billion HK dollars (about 12.15 billion U.S. dollars) in its balance of payments account in the fourth quarter of 2012, compared with the previous quarter's 37.9 billion HK dollars, the city's Census &Statistics Department said Thursday.
  • As the Year of the Snake approaches,

    HONG KONG, 2013/02/12 As the Year of the Snake approaches, investors should take comfort that the reptile's traditionally negative result on stock markets probably won't be so large this year, according to the astrological predictions of a Hong Kong brokerage.
  • HSBC Hong Kong Purchasing Managers' Index

    HONG KONG, 2012/12/22 Hong Kong's private sector grew for the second successive month in November as operating conditions improved led by solid increase of both output and new orders, data released by Markit Economics showed on Wednesday. The seasonally adjusted HSBC Hong Kong Purchasing Managers' Index came in at 52.2 in November. A score of 50 separates expansion from contraction. In October, the HSBC PMI recorded a score of 50.5. The new PMI score was above the series average of 51.1 and the improvement in November was the biggest in nine months.
  • Hong Kong's Inflation Slows Modestly In November

    HONG KONG, 2012/12/22 Hong Kong's consumer price inflation decelerated moderately in November, mainly due to smaller increases in private housing rentals, data released by the Census and Statistics Department showed Thursday. The consumer price index increased 3.7 % on an annual basis in November, after rising 3.8 % in October, which was unchanged from the increase seen in September. Economists were looking for a 3.8 % increase for November.