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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.
A terrace in Beijing’s central business district in China. Photo: Getty Images
Banking & finance

China sees revival of foreign investors through IPOs, convertibles: UBS

The trend is part of a broader recovery of interest in Chinese assets from investors overseas.

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China stock market

AI effect vaults China’s Zhongji Innolight to top of stock benchmark

Hong Kong stock market

Is Hong Kong losing its tech edge to the mainland’s AI boom?

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South Korea

Macroscope | How the AI chip boom made South Korea a victim of its own success

While tech giants are driving South Korea’s stock market higher, the country’s currency is struggling and foreign investors are pulling out.

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Currency dealers celebrate in front of a screen showing South Korea’s benchmark stock index during a ceremony celebrating it breaking 7,000 points at the Hana Bank headquarters in Seoul on May 6. Photo: AFP
Banking & finance

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

China stock market

Will new CSRC rules reshape China’s mutual fund industry?

Fund managers must now adhere to strict mandates, focusing on transparency and traditional industries, which will reshape investment strategies.

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Hong Kong stock market

GenScript rally underscores China’s rise in cancer drug innovation

The share-price surge came as promising cancer trial data overshadowed continuing scrutiny of China’s biotechnology sector by US lawmakers.

The Hong Kong-listed biotech company rose as much as 29 per cent after rejecting suggestions by US lawmakers it poses a national security risk. Photo: Getty Images
IPO

Why Hong Kong is now the launch pad for mainland China’s AI champions

City emerges as a price-discovery hub, with mainland AI firms reversing a decades-old dual-listing order to secure global benchmarks.

Artificial intelligence

Tencent shares jump 10% on expectations of AI agent within WeChat

An AI agent would leverage the app’s ecosystem of mini-programs, payments, content and commerce for 1.4 billion users.

IPO

Editorial | SpaceX IPO lift-off could test global equity bull run

Set to be the largest stock debut in history, the SpaceX initial public offering could indicate the depth of investor confidence in the AI boom.

A SpaceX Super Heavy booster carrying the Starship spacecraft lifts off on its 12th test flight at Starbase, Texas, on May 22. Photo: Reuters
Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

A Unitree robot works in a hardware store in Pocking, Germany. The robot operates in supervised mode and its goal, according to the store operator, is to support employees, not replace them. Photo: EPA
China stock market

China index reshuffle to entrench tech trades and boost AI rally: brokerages

Shanghai exchange revamp lifts tech weighting and adds chipmakers, signalling policy support and investor confidence.

China property

China’s property market shows more positive signs with price, sales upticks

Sector has ‘weathered its most severe adjustment’, with overall market sentiment ‘turning noticeably positive’, analyst says.

Hong Kong economy

Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in its ‘Stage 3.0’: Charles Li

Veteran deal maker urges an IPO link to lure global resource giants and turn Chinese buyers into owners as city solidifies role as East-West bridge and global capital hub.

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Illustration: Victor Sanjinez
IPO

AI firm MiniMax prepares for mainland China listing after Hong Kong shares surge

Chinese AI model company hires Citic Securities to prepare a mainland share sale, with the listing venue yet to be confirmed.

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Chinese AI model firm MiniMax has officially started plans to sell shares in mainland China. Photo: Shutterstock
Banking & finance

Macroscope | Why bond yields are going up everywhere

Unlike stock markets, bond markets are signalling a more cognisant and mature appreciation of the state of government finances.

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Chinese offshore investment

Going global? Here’s a quick look at 4 options for China’s offshore investors

As Beijing tightens its grip on unlicensed stock platforms, mainland China’s retail players utilise these state-sanctioned options to diversify globally.

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HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

US$6.1 trillion exchange marks its 40th year amid fierce global competition, as brokers see challenges sparking opportunities.

Illustration: Brian Wang
Hong Kong stock market

Lenovo’s status as Hang Seng Index top performer validates AI push

Chinese firm’s 159 per cent gain fuelled by optimism about its evolution from a PC-led hardware company to a hybrid AI platform.

Biomedicine: Companies

China’s Innovent Biologics signs US$10.5b Pfizer deal for 12 cancer drug trials

The agreement covers eight early-stage trials from Innovent and four discovery programmes from global giant Pfizer.

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Artificial intelligence

Macroscope | Why commodities could be the next big thing in markets

Investors’ desire for firms with ‘heavy assets, low obsolescence’ has turned the spotlight on commodities, a sector starved of capital.

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The Jeffrey Energy Centre coal-fired power plant is seen at sunset near Emmett, Kansas, on January 3. Investors’ appetite for asset-heavy alternatives to tech stocks has helped the energy sector perform nearly as well as tech in the past year. Photo: AP
China stock market

China’s brokerage crackdown: banks cut forecasts for Futu, Tiger

CCB and Goldman Sachs slash brokerage valuations, profit forecasts after regulatory action on unauthorised cross-border trading.

The logo of Futu Holdings is seen in a storefront in Hong Kong on May 26, 2026. Photo: Sam Tsang
Hong Kong stock market

Appeal of China assets keeps rising among global investors: JPMorgan

Cohort of international investors considering investing in China rises to 57 per cent from 51 per cent a year ago, survey says.

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Banking & finance

Editorial | Cross-border crackdown part of keeping China’s capital market stable

The penalties handed out to leading brokerages are harsh, but Beijing must show it means business as it cleans up China’s capital market.

Banking & finance

Hong Kong beats Switzerland as world’s largest offshore wealth hub, BCG finds

City tops cross-border wealth on IPO surge and mainland China inflows, as Singapore and US trail in consultancy’s global rankings.

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A cross-border wealth growth of “around 9 per cent annually is projected through 2030” for Hong Kong, according to BCG. Photo: Nora Tam
China stock market

BOE Tech’s 30% rally shows how AI buildout can boost an old-economy firm

Chinese maker of LCD displays sees a surge in its share price following an attempt to diversify into AI with US manufacturer Corning.

The logo of Chinese company BOE Technology is displayed on a phone. Photo: Shutterstock
Mainland China

China online brokerage crackdown trims billionaire owner’s wealth

Futu Holdings’ Leaf Li’s fortune shrank by over a quarter after Chinese regulators launched action against illegal cross-border stocks trading.

China stock market

Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

As the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up.

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