SINGAPORE — Japan led declines in Asia-Pacific markets but Hong Kong stocks rose on Thursday following two days of declines on Wall Street. The Nikkei 225 in Japan fell 1.69%, while the Topix slid 1.83%. Shares of Fast Retailing dropped 2.84%. Hong Kong’s Hang Seng index rose 0.55% and the Hang Seng tech index rose […]
Business
Data contraction shows in Chinese manufacturing activitySINGAPORE — Shares in Asia-Pacific fell in Friday trade following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March. Chinese tech stocks in Hong Kong saw sizable losses, with Alibaba falling 3.93% and Baidu plunging 6.01%. JD.com shed 3.25% while Meituan slipped 1.03%. The Hang Seng Tech index […]
Business
Evergrande electric car unit shares plunge more than 10%SINGAPORE — Shares in Asia-Pacific were largely higher in Wednesday trade as investors watch for developments surrounding the war in Ukraine. Mainland Chinese stocks led gains among the region’s major markets, with the Shanghai composite climbing 1.96% on the day to 3,266.60 and the Shenzhen component rising 3.1% to 12,263.80. Hong Kong-listed shares of embattled […]
Business
Asia-Pacific markets up as investors watch oil prices, yen weaknessSINGAPORE — Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen continued to weaken. Hong Kong’s Hang Seng index jumped 0.45%, as casino and tech stocks rose. Among the biggest gainers was JD Health, which soared nearly 16%, after it said Monday it […]
Business
Hong Kong drops nearly 3% as Chinese stocks tumbleSINGAPORE — Chinese stocks fell Friday as the rest of Asia-Pacific traded mixed, while Wall Street stocks rallied overnight and oil prices fell. Hong Kong’s Hang Seng dropped 2.47% to close at 21,404.88, paring some losses after plunging nearly 3% earlier. The Shanghai composite was down 1.17% to close at 3,212.24, and the Shenzhen component […]
Business
Apple supplier shares in Asia; oil pricesSINGAPORE — Stocks across Asia-Pacific were mixed Friday morning as Wall Street stocks rallied overnight and oil prices fell. Hong Kong’s Hang Seng was subdued, dipping 0.23%. Shares of Hong Kong-listed Russian aluminum producer Rusal bucked the trend, and surged more than 10% in early trade before paring gains to trade about 1.5% higher. The […]
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Hong Kong’s Hang Seng index soars 7% as Asian stocks jumpSINGAPORE — Shares in Asia-Pacific rose in Thursday trade as the Chinese markets continue to extend gains from a rebound, while the US Federal Reserve announced its first rate hike in more than three years. Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 7.04% to close at 21,501.23 and erasing […]
Business
Hong Kong’s Hang Seng index soars 6% as Asian stocks jumpSINGAPORE — Shares in Asia-Pacific rose in Thursday trade as the Chinese markets continue to extend gains from a rebound, while the US Federal Reserve announced its first rate hike in more than three years. Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 6.36% in afternoon trade and erasing heavy […]
Business
Hong Kong’s Hang Seng index drops; oil prices down more than 5%SINGAPORE — Shares in China lagged among Asia-Pacific markets on Tuesday, with the release of much better-than-expected Chinese economic data offering little respite. Hong Kong’s Hang Seng index fell 6.35% in afternoon trade. That came after the benchmark index closed at its lowest since March 2016 on Monday. Chinese tech stocks in Hong Kong were […]
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