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Traders work on the floor of the New York Stock Exchange on November 13, 2024. Photo: AFP

Shanghai hedge fund Pinestone denies trade-secret theft charge against co-founder

US Attorney’s Office in Massachusetts indicted Xiao Zhang last month for stealing trade secrets while working for an unnamed US fund in 2021.

Hong Kong stock market operates as normal during first-ever typhoon trading day

Hong Kong stocks cap longest losing run in 2 months on stimulus letdown

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

UBS Global Wealth Management, which is part of UBS Group, manages US$6.2 trillion of assets. Photo: Reuters

Tracker Fund turns 25 as Hong Kong eyes top ETF hub status in Asia

The Tracker Fund has mirrored the Hang Seng Index’s returns since inception, giving investors an indirect bet on a basket of benchmark stocks.

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Hong Kong stock benchmark drops below 20,000, surrendering stimulus gains

Hang Seng Index falls to lowest point since September 25, erasing a policy-induced rally that had added as much as 27 per cent.

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China’s market regulator strikes positive tone as investors expect turbulence

CSRC boss Wu Qing urges securities firms and asset managers to enhance their capabilities and strengthen risk controls.

A man waits to cross a road in the central business district of Beijing on November 10, 2024. Photo: AFP

Investors look past debt clean-up plan as minister pledges more proactive policy

A number of market participants say there is reason to believe that more economic relief is on the way.

Hong Kong, China stocks weaken as Beijing policy move disappoints

Sentiment suffers with prospect of tariffs, slower global growth, rising inflation and potentially fewer Fed rate cuts, say Nomura analysts.

Not ‘whatever it takes’: China’s stimulus strategy seen as long and intact

Beijing’s reluctance to use strong measures to rapidly turn tide of sluggish economy keeps markets, consumers and analysts waiting in wonder.

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Illustration: Brian Wang

Hong Kong futures slide after Beijing unveils plan for local government debt

In the regular session, the Hang Seng Index declined 1.1 per cent, but things went south after the close.

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People walking past by an electronic board showing the Shanghai stock market outside a brokerage in Beijing on November 6, 2024. Photo: AP

Investors go ‘all in’ on Chinese shares linked to Tesla after Trump’s victory

Investors boost supplier stocks on expectations of Tesla growth based on CEO Elon Musk’s close ties to the president-elect.

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Macroscope | The most important part of China’s fiscal stimulus? Expectation management

As Beijing prioritises stability and development over reflation, investors must reconcile themselves to the realities of Chinese policymaking.

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Trump’s return is not all bad news for Chinese stock investors: analysts

Trump’s presidency is often associated with trade war and tariffs, while huge stock returns are overlooked.

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A man walks past a screen showing stock movements in Beijing on November 7, 2024, after Donald Trump won the US presidential election. Photo: AFP

Hong Kong stocks erase drop on bets Beijing to boost and front-load stimulus

New data showed that China’s export growth surged to a 27-month high in October, rising 12.7 per cent from a year earlier.

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A screen showing the Hang Seng index level after Trump secured more than 270 votes to win the US presidential election. Photo: EPA-EFE

Wall Street stocks, bitcoin, US dollar soar following Trump win

However, concerns about inflation and higher interest rates emerged, leading to a decline in Treasury bond prices and European stock markets.

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Hong Kong stocks slump as traders pare risky bets before US election results

Trump was three votes away from taking back the White House at press time; traders assess potential fallouts on global trade, financial markets.

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‘Haersi’ soars as Chinese traders punt on meme stocks in US election

A vacuum-flask maker rises and falls with polls favouring Harris, while an aviation software company gets a Trump bump.

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A combination of pictures created on November 4 shows Republican presidential candidate Donald Trump (left) and Democratic presidential candidate Kamala Harris speaking during recent campaign events. Photo: AFP

Hong Kong stocks rise for third day as Nongfu, SMIC surge on bullish China data

Latest reports showed China’s services sector and manufacturing activity expanded in October after Beijing’s stimulus blitz.

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ETFs are the hottest new products in Hong Kong’s roller-coaster rally

Net fund flows have surged 48 per cent year on year, with an ETF tracking the Hang Seng Index surpassing Tencent in daily volume.

Rare earths in spotlight amid US-China tensions, Myanmar turmoil

Armed rebels have taken control of a mining centre, and the US election outcome could be anyone’s guess.

A molten rare earth is poured into a mould at a smelting workshop in China’s Inner Mongolia autonomous region. Photo: Reuters

Dollar drops as some US polls shift toward Kamala Harris

Investors walk back bets on Donald Trump winning the presidential election after weekend polls indicated Harris gaining ground.

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US Vice President and Democratic Presidential candidate Kamala Harris speaks at a campaign rally in Michigan on Sunday. Photo: via dpa

Hong Kong’s financial war chest posts record gain of US$28.8 billion

Lawmakers asked whether the fund could give more to address the government’s deficit, but HKMA’s CEO urged sticking with an existing formula.

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BYD, Xpeng lift Hong Kong stocks on record sales as traders await fresh stimulus

China’s top legislative body could deliver a much-awaited fiscal stimulus this week, while the Fed is seen extending its monetary easing.

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Macroscope | Japan’s election results could have global ramifications

Tokyo’s power vacuum, and questions over Japan’s policies and its relationship with the US under Harris or Trump, could have deeper economic impacts.

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Japanese Prime Minister Shigeru Ishiba at a media interview at the headquarters of his ruling Liberal Democratic Party in Tokyo on October 27. Photo: Kyodo

China eases requirements on foreign investments in listed companies

New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.

The Shenzhen Stock Exchange in south China’s Guangdong province. Photo: Xinhua

China’s stocks see ever-slimmer profits as economic slump hits hard

The profits of 5,000 companies on the mainland’s three exchanges dropped 3.7 per cent in the three months that ended in September, China Merchants Securities said.

Hong Kong stocks rise as China property sales return to growth

Home sales by China’s 22 key property developers jumped 66 per cent from a month earlier in October.

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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
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