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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 screen showing local stock and economic data in Shanghai. Photo: EPA-EFE
Hong Kong stock market

Trade deal, rate-cut bets lift Hong Kong stocks to best week in 4 months

Bets on a US interest-rate cut in September increased, with the odds rising to 93 per cent from 64 per cent a week ago.

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Artificial intelligence

Nvidia climbs to record high to become world’s largest stock again

Hong Kong stock market

Chinese courier SF to raise US$752 million via Hong Kong shares, bonds

Hong Kong stock market

Hong Kong stocks decline as HKMA currency move stokes rate concerns

Banks and developers led losses; HKMA had forewarned that intervention to halt local currency weakness would tighten liquidity and pressure rates.

Exchange Square in Central. Photo: Sam Tsang
Hong Kong stock market

Hong Kong stocks jump to 3-month high on rate-cut hopes, bets on fund inflows

No luck for two market debutants CaoCao and XJ Electrics as steep losses in both stocks made it a day to forget.

IPO

Hong Kong investors hit jackpot as IPO boom delivers returns above 30%

Few asset classes globally match Hong Kong IPOs this year, as institutional and individual investors rush in hoping for eye-popping gains.

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Hong Kong stock market

Hong Kong stocks’ rally to extend into second half, but risks remain: analysts

KGI Asia predicts that the Hang Seng Index will climb to 25,500 points by the end of the year.

Exchange Square in Hong Kong. Photo: Xinhua
Bonds

Chinese firms drive US$13 billion Asian boom in convertible bonds

Appetite for equity-linked debt is strong amid global volatility, even with aggressive terms, analysts say.

Hong Kong stock market

Hong Kong stocks jump by most in 6 weeks on Iran-Israel truce as oil slides

Futures on WTI oil tumbled more than 3 per cent to US$66.21 a barrel in Asian trading hours, tempering concerns about global inflation.

Commodities

Gold and oil surge after US bombing of Iran amid global capital flight

Gold climbed 0.8 per cent before paring gains. West Texas Intermediate rose 2.5 per cent. The US dollar appreciated while US equity futures declined.

A Tokyo brokerage showing the decline of the Nikkei225 index on June 23, 2025. Photo: Reuters
Hong Kong stock market

Hong Kong stocks gyrate amid Iran conflict after US strike, Hormuz threat

Oil futures surge after US President Donald Trump says attacks ‘obliterated’ targets and Iran threatens to close key oil shipping route.

Oil tankers pass through the Strait of Hormuz in a 2018 file photo. Photo: Reuters
IPO

Zhejiang Sanhua shares drop in Hong Kong trading debut as IPO frenzy stalls

Trading under the code 2050, the stock began trading at HK$20.95, 7.2 per cent lower than its offer price of HK$22.53.

Banking & finance

Chinese banks’ stock rally lights up social media as investors fear missing out

Benchmarks tracking top mainland lenders like ICBC, CCB and Bank of China have risen 24 per cent in Hong Kong and 17 per cent in onshore markets.

Israel-Iran conflict

Oil price spike likely following US strikes on Iran, investors say

The reaction in Middle East stock markets suggested investors were assuming a benign scenario, even as Iran intensified its missile attacks on Israel.

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Pedestrians and drivers watch the Sharan Oil depot on fire following Israeli strikes, in Tehran, Iran, on Sunday. Photo: Reuters
United States

Opinion | Will markets wake up from the Taco bubble before it’s too late?

Despite a brief reprieve for the stock market, trade tensions and weaknesses in the US economy still threaten global financial stability.

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A bobble-head figurine of US President Donald Trump is seen on a desk as traders work on the floor of the New York Stock Exchange on April 14. Photo: AFP / Getty Images / TNS
Banking & finance

World’s most valuable toymaker loses glow in People’s Daily warning

The People’s Daily newspaper ran a commentary that railed against the ‘wilful consumerism’ of so-called blind boxes.

Hong Kong stock market

Hong Kong stocks gain as PBOC’s benchmark-rate choice spurs optimism

Stocks pare the week’s losses as central bank’s rate decision hints at sustained recovery in the world’s second-largest economy.

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Hong Kong stock market

Middle East tensions not likely to disrupt recovery for Hong Kong stocks: Citigroup

Citigroup says instability in the Middle East could spur US-based fund managers to redirect investments to mainland China and Hong Kong.

People cross a street in Central. Photo: Jelly Tse
IPO

Former Hong Kong exchange CEO Charles Li aims to list start-up

Li’s Micro Connect is among six companies that filed for listings on Wednesday, joining 200 companies waiting to list in the city.

Banking & finance

Hong Kong to assess risks before launching yuan-pegged stablecoins

‘We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.

Hong Kong stock market

Hong Kong stocks fall by most in 2 months on Fed inflation warning, oil jitters

Fed Chair says increases in tariffs are likely to stoke prices, with officials waiting to assess the impact when a truce expires on July 9.

People relax in Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing, on May 18, 2025. Photo: Sam Tsang
IPO

Investors lap up soy sauce maker Haitian’s stock in Hong Kong debut

Company exercises an upsize option as its US$1.3 billion listing bolsters the city as the top global IPO venue.

Cheng Xue (right), chairwoman of Foshan Haitian Flavouring & Food Company, after striking the ceremonial gong at the Connect Hall of the Hong Kong stock exchange to mark the trading of her company’s stock on June 19, 2025. Photo: Julie Zhang
China stock market

Beijing’s reform could bring Alibaba, Tencent listings to Shenzhen: HSBC

Regulators are keen to ‘deepen the reform and opening-up of Shenzhen’ through H to A listings, according to the bank’s analysts.

China stock market

China to loosen IPO rules by reinstating listings of unprofitable start-ups

Relaxation comes as a surprise to investors after two years of tough IPO approvals by the CSRC.

Banking & finance

Hong Kong to be Chinese companies’ launch pad in Shanghai pact

The two cities signed an agreement to strengthen the development of banking, insurance, financial derivatives and trade settlement.

The electronic display board at the Connect Hall in the Hong Kong stock exchange building on May 20, 2025. Photo: Xinhua
Hong Kong stock market

Hong Kong stocks tumble for second day on Middle East fears

Meanwhile, investors eye the Lujiazui Forum in Shanghai for policies to bolster China’s economic growth.

Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing, pictured on May 18, 2025. Photo: Sam Tsang
Hong Kong stock market

China equities benefit from shift away from US assets: HSBC Asset Management

‘Despite ongoing uncertainties stemming from US tariffs, Chinese equities have shown strong resilience,’ asset manager says.

China stock market

Hong Kong, Shanghai to tighten financial ties at Lujiazui Forum

Financial Secretary Paul Chan will be present for signing of agreement outlining cooperation in ‘multiple layers and fields’, sources say.

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