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Individual investors from China have scurried back to buy risky shares, but historically, wild swings in sentiment have foreshadowed plunges.
Trading volume hit an all-time high in Hong Kong, erasing Friday’s record; combined turnover in Shanghai and Shenzhen reached an unprecedented level.
US money manager Invesco, citing hopes of higher government spending, predicts a 20 per cent gain – on top of this week’s rise.
Shares of New World Development surged after resuming trading following the replacement of its CEO, as the property developer seeks a revamp.
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Investors are reacting favourably to a hefty stimulus package from Beijing and they are likely to take on greater risks with Chinese assets.
CSRC details policies including fast-track approval for M&A activity by large firms as it looks to burnish the stock market’s appeal.
The PBOC plans to set up a swap facility that would give financial institutions access to at least US$71 billion in funding to buy shares.
Hang Seng Index surges 4.1 per cent for the best performance since March 2023 after PBOC pledges new financing tools worth US$114 billion.
Kweichow Moutai will launch its first-ever stock repurchase plan, as it seeks to prop up its shares amid tepid spending on the mainland.
China’s central bank cut a short-term policy rate, bolstering the argument that lower US interest rates leave Beijing more room for easing.
Hong Kong stocks rose, with the city’s benchmark logging its biggest weekly gain in nearly five months, taking cues from a global rally.
Hong Kong’s Hang Seng Index closed above 18,000 for the first time in two months after the Fed cut its benchmark rate by a half-point.
The misery for investors in Chinese stocks is likely to last for the rest of the year, according to asset manager Cambridge Associates.
Chinese stocks rebound from their lowest levels in more than five years as investors await a rate decision from the US Federal Reserve.
No matter who wins, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group.
Mainland-listed companies reported a collective decline in profit for the second quarter, due in part to a weak domestic economy.
Tencent gained 23 per cent in the six months after joining Stock Connect, while Meituan and Xiaomi more than doubled over 12 months.
Chinese oil producers Sinopec and CNOOC led the decline after prices fell more than 4 per cent overnight to an almost three-year low.
Shares of Wuxi AppTec and Wuxi Biologics fell after the US House passed a bill that would restrict business with Chinese biotech companies.
The decision could attract as much as US$12 billion of domestic funds to the beaten-down stock, according to one forecast.
The change is part of a wider crackdown on corruption to bolster flagging investor confidence in China’s US$8 trillion stock market.
China Renaissance Holdings shares plummet in Hong Kong as the stock resumes trading after 17 months of suspension.
Chinese stocks dropped after the nation’s central bank hinted at easing monetary policy, underscoring worries about growth. Also, expectations built for more consolidation in the brokerage industry
State-backed brokerages Guotai Junan and Haitong Securities are merging to create a firm with US$237 billion in assets to rival Wall Street.
Hong Kong stocks fell for a fourth day in a row, the longest losing streak in a month, as investors weighed the prospect of an interest-rate cut by the Federal Reserve later this month following a weak US jobs report
Sanergy Group’s 98 per cent stock-price crash was triggered when its largest shareholder, Otautahi Capital, was forced to sell part of its stake, the maker of graphite products says.
Traders shifted to a risk-off mode amid weak US manufacturing data and a surge in the Japanese yen.
Hong Kong regulator’s warning of concentrated ownership triggers a sell-off in the Chinese firm’s stock, which had jumped 400 per cent in the last few months.
‘Economic data is still weak for now so there’s no foundation for a reversal of the trend on the market,’ analyst says.
The call makes UBS an outlier among the global investment community, as most investment banks and asset-management firms are bearish on Chinese stocks.
