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Stocks

Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
last updated:
9 September, 2024
Pedestrians cross a street near an electronic billboard showing China’s 2024 GDP growth in Shanghai on January 21, 2025. Photo: Reuters
Hong Kong stock market

Tech stocks lead Hong Kong decline, threatening 6-day winning streak

JD.com, Bilibili, NetEase and Alibaba lose ground while New Oriental Education & Technology plunges on weak earnings.

Hong Kong stock market

Hong Kong stocks rise even as Trump threatens China with tariffs on TikTok deal

Banking & finance

Chinese regulators show support for markets ahead of Trump’s inauguration

IPO

Chinese soda maker Dayao plans Hong Kong IPO to raise up to US$500 million

The Inner Mongolia-based maker of carbonated beverages, juices and protein drinks is working with advisers on the size and timing of the deal.

The number of IPOs on the Hong Kong stock exchange is rising. Photo: Jelly Tse
Hong Kong stock market

Hong Kong stocks rise on positive talks between Trump and Xi

Tech blue chips JD.com, Alibaba and Baidu lead gainers, as investors breathe a sigh of relief on potential thawing of US-China relations.

Hong Kong stock market

Hong Kong stocks pare gains on China GDP data while Vanke tumbles

Investors moved on from the headline number to focus on the durability of the recovery amid a lack of more clarity on stimulus policies.

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Banking & finance

Hong Kong gets a boost as 3 global hedge funds open offices, recruit staff

Hudson Bay Capital, Sona Asset Management and Centiva Capital are setting up shop in the city, according to sources.

Hong Kong is rolling out the red carpet for financial firms to set up offices in the city. Photo: Nora Tam
Banking & finance

Hong Kong’s CTF Services to issue US$100 million in convertible bonds

The infrastructure unit under Chow Tai Fook Enterprises said it will apply to list the new shares on the Hong Kong exchange.

Hong Kong stock market

Hong Kong stocks approach 2-week high as rate-cut odds rise on US inflation data

Consumer price index delivers ‘a pleasant surprise’ and suggests ‘gentle easing of persistent inflationary pressures’, investor says.

Banking & finance

Key Beijing official in Hong Kong urges city to address market ‘shortcomings’

Hong Kong has shortcomings in market regulation, transaction costs and corporate governance, liaison office deputy Qi Bin tells Capital Markets Forum.

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Qi Bin highlighted the significance of Hong Kong’s capital market at the Capital Markets Forum on Wednesday. Photo: Handout
Semiconductors

Cambricon, China’s answer to Nvidia, predicts first quarterly profit

The Chinese investors’ darling of 2024 is one of the nation’s best hopes in developing home-grown advanced graphics processors.

Cambricon Technologies predicted its first-ever quarterly profit. Photo: Handout
IPO

Hong Kong IPOs excite funds, bankers as jumbo deals return, CICC says

Foshan Haitian Flavouring, CATL are among mainland industry leaders planning billion-dollar IPOs as China deepens market connectivity.

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Hong Kong stock market

Hong Kong stocks edge up before key economic data from US and China

US December inflation data is due Wednesday night, while China is scheduled to disclose fourth-quarter economic growth on Friday.

Hong Kong stock market

Hong Kong stocks rise from 4-month low as China regulator vows stability

Hang Seng Index snaps six-day losing streak after CSRC says every effort will be made to maintain market momentum.

A view of the China Securities Regulatory Commission (CSRC) office building in Beijing. Photo: Simon Song
Hong Kong economy

Editorial | Shot in the arm for Hong Kong as key financial facilitator

People’s Bank of China governor Pan Gongsheng reiterates city’s superconnector role at Asian Financial Forum.

Efforts are being made to boost Hong Kong’s role as an offshore yuan financing centre. Photo: Shutterstock
China stock market

UBS sees mainland-listed equities at a higher level at the end of 2025

UBS says institutional investors like insurance companies are drawn to stocks as Chinese bond yields have fallen rapidly.

IPO

China’s CATL poised to pick banks for US$5 billion Hong Kong share sale

World’s top maker of EV batteries is considering a second listing in Hong Kong that could help it raise at least US$5 billion.

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Hong Kong stock market

Hong Kong stocks drop to 4-month low on dampened rate-cut hopes

MTR Corp, Bank of China, Baidu and Alibaba decline, while risk of fund outflows from Asian markets rises.

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Vehicles drive past the Marriner S. Eccles Federal Reserve building in Washington, DC. Photo: AFP
Hong Kong stock market

Hong Kong stocks post worst week in 2 months on China outlook, trade risks

Stocks slipped amid concerns about China’s economy, US trade ties; Tencent, Orient Overseas and Haidilao lost more than 9 per cent in week.

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Hong Kong stock market

With US tariffs unlikely to reach 60% Hong Kong, China markets will rise: analysts

Analysts from Pictet and BNP Paribas expect US tariffs on Chinese goods to reach 20 per cent and 25 per cent, respectively.

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Crime in Hong Kong

Hong Kong anti-corruption agency charges ex-official at securities watchdog

Deng Yingxia, 48, a former Securities and Futures Commission associate director, is accused of providing advice to suspects under investigation.

The ICAC headquarters in North Point. Photo: Jelly Tse
Hong Kong stock market

Hong Kong stocks log 4-day losing streak while Tencent halts rout

Tencent stepped up stock buy-backs after a HK$477 billion sell-off in the past six trading days.

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Pedestrians walk past a screen showing the Hang Seng index in Hong Kong on November 6, 2024. Photo: EPA-EFE
Hong Kong stock market

Bridgewater widens China lead on 40% asset jump in tough year

Its All Weather Plus onshore fund returned more than 35 per cent in 2024 while smaller local rivals delivered 38.8 per cent to 76.5 per cent.

Hong Kong property

Hong Kong developer NWD’s shares slump on slow debt-cutting progress

The stock has dropped 7 per cent this year after losing more than 50 per cent of its value last year.

Bonds

Goldman sees buying opportunity in bonds of Chinese firms on US military list

Issuers of the affected bonds include some of China’s largest private and state-owned companies.

A Tencent sign at a conference in Shanghai. Photo: Reuters
Hong Kong stock market

Hong Kong stocks hit 6-week low, erasing most of 26% stimulus rally

The Hang Seng Index has surrendered most of the 26.5 per cent rally driven by Beijing’s stimulus blitz on November 24.

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People walk past screens showing stock prices outside the Exchange Square in Central, Hong Kong in October 2024. AP Photo
Hong Kong economy

Editorial | Hong Kong braces for an IPO revival after ringing in necessary changes

Reforms, mainland China support and easing of interest rate environment raise hopes of comeback by Hong Kong bourse.

IPO

Smithfield Foods, the US pork giant owned by WH Group, eyes Nasdaq listing

The Chinese company took Smithfield private in a US$4.7 billion deal in 2013, terminating its 14-year listing on the NYSE.

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