|Day's range||26,195.90 - 26,483.03|
|52-week range||24,540.63 - 30,280.12|
Asia-Pacific and European equities slipped while oil prices rose as investors eyed the latest developments in trade negotiations between the US and China. China’s CSI 300 benchmark of Shanghai- and Shenzhen-listed ...
Just as the Fed is set to ponder an interest rate cut amid fears of a US slowdown, the People’s Bank of China has kept its one-year interest rate steady.
Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Market benchmarks in Europe dropped after Asian markets mostly closed lower, while Wall Street futures were down slightly. Benchmark U.S. crude jumped $4.64 per barrel to $59.49 following the attack on oil producer Saudi Aramco's Abqaiq facility for which Yemeni rebels claimed responsibility.
For the first time in CLSA’s 26 years of running the event — a vital mingling venue for Hong Kong’s financial elite — fund managers from companies representing a total of $30tn in assets flew in to find fires burning outside Tiffany’s and tear gas being fired near shoppers leaving the Sogo department store. Turnout for the investor conference was down 10 per cent from last year, organisers said. Do concerns over the rule of law and banners calling on US President Donald Trump to “liberate” Hong Kong compromise its status as a key financial centre?
World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Analysts say the ECB is likely to cut a key interest rate further below zero on Thursday and could take other steps, including restarting a bond-buying program to pump newly created money into the economy.
HONG KONG/LONDON/NEW YORK (Reuters) - The London Stock Exchange's board will meet in coming days to decide on the Hong Kong bourse's surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal. The unsolicited takeover offer is not expected to succeed given a preference among LSE investors for the exchange to complete its $27 billion proposed acquisition of data and analytics group Refinitiv, the source close to the LSE said. The exchange wants to focus on executing that deal, rather than risk it being derailed by the Hong Kong bourse, the source said.
Chinese state media attacks have helped to send the shares in Hong Kong-listed companies tumbling in recent weeks, with criticism of the territory’s flag carrier Cathay Pacific even claiming the scalps of its chief executive and chairman. Since the start of the year, net purchases of Hong Kong stocks by mainland Chinese investors — made through stock connect programmes with bourses in Shanghai and Shenzhen — had climbed to almost HK$160bn ($20bn) by market close on Friday, close to double net inflows of HK$82.7bn for all of 2018. The buying frenzy also comes despite a dismal year for Hong Kong stocks.
Consumer lender Home Credit is poised to offer the biggest test of Hong Kong's capital markets since China's Alibaba delayed plans for a $15 billion listing last month because of the political turmoil engulfing the city. The Prague-based lender, which has a sizeable Chinese business, could launch its initial public offering as soon as this month, and is seeking to raise more than $1 billion from the offering in the first of a series of significant IPOs planned in the city. Hong Kong's markets have been weakened by frequently violent pro-democracy protests and political turmoil over the past three months, slashing a 12% gain for the year to June on the blue-chip Hang Seng Index to a 3% positive performance by Monday.
Hong Kong-listed WH Group could see its shares rally. Here's what investors should know about the world's largest pork producer.