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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
Traders work on the floor at the New York Stock Exchange. Photo: AP
Donald Trump

Markets drop on Trump tariffs, world leaders brace for his next moves

The S&P 500 fell 1.7 per cent at the opening bell, on the heels of the year’s biggest daily losses on a string of Asian and European bourses.

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Banking & finance

Dollar strength more worrying to Asian stocks than China tariffs: Hang Seng Bank

HKEX

Hong Kong stock market seeks to maintain impetus in the Year of the Snake

US-China relations

Opinion | DeepSeek’s US tech rout kicks off 2025’s game of snakes and ladders

With China underrated and global footloose capital getting jitters about the United States, investors can expect volatility.

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DeepSeek is a Chinese artificial intelligence company founded by Liang Wengfeng. Its low-cost AI model was developed with significantly fewer computing resources than those of bigger US tech firms like OpenAI and Meta. Photo: Reuters
Banking & finance

Asian investors play big role in megafund focused on secondary PE market

Investors are paying more attention to secondary PE market amid global volatility and liquidity crunches.

US-China relations

Macroscope | Why DeepSeek disruption is the China risk Wall Street can’t ignore

A global stock market this dependent on a few huge companies in a sector whose valuations are under high scrutiny is a recipe for volatility.

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Artificial intelligence

Explainer | How start-up DeepSeek emerged as the unlikely game changer in US-China AI war

From visionary founder Liang Wenfeng to a young team of dedicated scientists, DeepSeek is taking the road less traveled in AI.

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DeepSeek’s team of young scientists is made up almost exclusively of Chinese nationals from some of the top schools in the country. Photo: Shutterstock
Millionaires and billionaires

World’s richest people lose US$108 billion after DeepSeek sell-off

Nvidia’s Huang, Oracle’s Ellison and ex-Binance CEO CZ were hit hard, though Meta’s Zuckerberg and Amazon’s Bezos escaped unscathed.

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US-China relations

Nvidia shares jump after sell-off sparked by DeepSeek surprise

Some analysts cite company’s possible role in DeepSeek’s success and call share price drop ‘overdone’.

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Banking & finance

Hong Kong’s economy to benefit from capital flow, rate cut: ANZ

City’s economy is likely to grow between 2.5 and 3 per cent, ANZ chief economist Raymond Yeung says.

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Raymond Yeung, chief economist for Greater China at ANZ Banking Group, says Hong Kong will see more tailwinds than headwinds in the Year of the Snake. Photo: Enoch Yiu
US-China relations

US tech stocks plunge on China AI’s unexpectedly strong showing

Unclear whether panic selling and sentiment are an overreaction or indication that Silicon Valley has underestimated Chinese tech prowess.

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Nasdaq headquarters in Times Square in New York. The tech-heavy Nasdaq Composite Index fell sharply on Monday. Photo: AFP
United States

Silicon Valley rattled by China’s low-cost Deepseek AI

Start-up disrupted AI landscape, showing that cost-effective AI models can rival larger systems, raising questions about big investments.

Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund reports fifth-best return despite fourth-quarter loss

The fund’s return fell 3 per cent in 2024 to HK$219 billion (US$28 billion) due mainly to a loss of HK$20.1 billion in the fourth quarter.

China stock market

Beijing unveils US$7.2 billion injection of insurer capital for stocks

China Pacific, Taikang Life and Sunshine Life among the firms putting ‘patient capital’ into A shares to help stabilise the market.

A worker stands on a crane as he installs red lanterns outside a park before the Lunar New Year celebrations in Beijing on January 24, 2025. Photo: Reuters
China stock market

China stocks set for US$236 billion influx from state-owned investors: UBS

Beijing’s call for insurers, mutual funds and social-security funds to boost their A-share investments should reduce volatility, analysts say.

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A man walks past a brokerage house with a display showing stock information in Beijing. Photo: Reuters
Investing

Macroscope | How Western investors’ tech obsession is hurting emerging markets

Investors must demand institutions direct their savings into developing or emerging markets where they can benefit global economic welfare.

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Business of climate change

Tianqi warns of US$1 billion loss on price slump, halt to Australian expansion

A decline in profit at the firm’s Chilean unit, forex losses and asset impairments contributed to the poor results in 2024.

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Hong Kong stock market

Hong Kong stocks rise on Trump’s China optimism and Wall Street rally

Hang Seng Index ends in positive territory for a second week, led by Sunny Optical, Xiaomi and Trip.com.

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An overnight rally on Wall Street spurred Hong Kong stocks higher on Friday. Photo: Reuters
Wealth management

Year of the Snake: volatility ahead for Hongkongers’ MPF investments

Sterling returns during the Year of the Dragon will be hard to repeat, with US-China trade relations as an X factor, according to experts.

Hong Kong stock market

Hong Kong stocks fall as China’s market-boosting plan disappoints traders

At least 100 billion yuan of insurance funds will funnelled into A shares as part of a pilot programme within the first six months, regulators say.

China stock market

China directs state capital into A shares to anchor stock market

Starting this year, 30 per cent of the annual insurance premium from new policies will be put into yuan-denominated A shares, regulator Wu Qing said.

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Wu Qing, chairman of the China Securities Regulatory Commission (third from left) announces new measures to stabilise China’s stock market in Beijing on January 23, 2025. Photo: Xinhua
China stock market

China directs funds to stabilise stock market amid Trump tariff threats

Investments from the National Social Security Fund, mutual funds and other sources will be increased to boost the stock market, regulators say.

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Chinese regulators are taking steps to boost the performance of the nation’s stock markets. Photo: Shutterstock
Banking & finance

Hong Kong’s banks gird for lean times as 9-month profit growth slows

Net interest margin narrowed to 1.5 per cent in the first nine months last year from 1.67 per cent in 2023, according to HKMA data.

Hong Kong stock market

Tech stocks lead Hong Kong decline, ending 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

US president delays TikTok ban by 75 days and threatens China with tariffs if Beijing does not approve a deal regarding the short-video app.

US President Donald Trump signed numerous executive orders, including a delay on the TikTok ban, on the first day of his presidency in the Oval Office of the White House on Monday. Photo: AFP
Banking & finance

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

The move is seen by some participants as an effort to boost investor confidence in times of uncertainty.

A woman passed the headquarters of the People’s Bank of China in Beijing. Photo: Reuters
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.

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.

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