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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.
CATL’s has gained on expectations the Fujian-based company would step up its expansion into energy storage. Photo: Reuters
CATL

CATL market cap tops US$293 billion as shares surge on mining arm

A new investment unit to manage mining assets signals CATL’s deeper shift beyond EV batteries into energy storage.

IPO

Sigenergy jumps 103% in Hong Kong debut on rising energy storage demand

Banking & finance

Mark Mobius, pioneering investor in China, dies at 89

Artificial intelligence

Lightelligence on track with IPO plans as China’s AI photonics race gathers pace

Shanghai-based company aims to become Hong Kong’s first listed AI photonics chipmaker as AI infrastructure buildout drives momentum.

An illustration of Lightelligence’s optical network on a chip. Photo: Handout
China stock market

Hong Kong stocks rise as hopes of US-Iran talks ease oil price fears

Hong Kong stocks advance on US-Iran dialogue hopes, falling oil prices and Wall Street gains.

China stock market

Stocks claw back most US-Iran war losses amid hopes diplomacy will prevail

The oil shock has already fuelled inflation expectations, which may prompt the Federal Reserve to tighten monetary policy.

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Artificial intelligence

Victory Giant joins IPO push by China’s circuit-board makers amid AI frenzy

Nvidia supplier aims to raise up to US$2.2 billion in Hong Kong as AI data centre demand makes boards ‘all the rage’.

A robotic arm is seen in a factory of Victory Giant Technology. Photo: Handout
Hong Kong stock market

Chinese EV stocks jump on surging exports, domestic demand hopes

Nio, BYD and Xpeng advance after data shows EV exports more than doubled to just under 1 million in the first quarter.

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Hong Kong stock market

Stocks drop and oil surges back above US$100 as US blockade of Hormuz escalates war

Stock markets across Asia fell, with Japan’s Nikkei losing 0.7 per cent and South Korea’s Kospi dropping 0.9 per cent.

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Bonds

China reflation bets waver as bond gains outpace sluggish equities

Despite a pickup in inflation data, economists warn that commodity pressures, not underlying demand, are driving China’s price gains.

The oil shock has clouded the inflation outlook, making it difficult to determine whether China had truly emerged from its multi-year deflationary phase. Photo: Xinhua
Hong Kong economy

Hong Kong balancing security and innovation as nation’s ‘firewall’: Paul Chan

Finance chief says security is key to China’s high-quality growth as geopolitical tensions create risks to energy supplies and financial markets.

The Central financial district in Hong Kong. Finance chief Paul Chan says the concept of national security is intertwined with various fields, such as finance, energy, technology, food and overseas interests. Photo: Jelly Tse
IPO

What does China’s tightening grip on red-chip structures mean for IPOs?

China’s tougher stance on red-chip structures is reshaping the tech listing pipeline, adding uncertainty for companies targeting Hong Kong.

Hong Kong stock market

Can Hong Kong’s listing reform 2.0 win over innovative firms?

The reforms enhance the city’s appeal for AI, biotech and other firms by slashing the market cap threshold and enabling confidential filings.

China stock market

China loosens ChiNext listing rules as it doubles down on tech self-reliance

Beijing widens IPO access for emerging tech companies while tightening oversight, as it seeks to balance innovation with market stability.

The reforms are aimed at promoting technological innovation, a core priority under China’s latest five-year plan approved in March. Photo: Xinhua
China stock market

China stocks advance as ceasefire hopes lift Shanghai and Hong Kong benchmarks

Mainland China and Hong Kong markets gain ground as easing political tensions and stronger factory-gate prices lift sentiment.

People walk near screens showing stock exchange and economic data in Shanghai, China. Photo: EPA
Banking & finance

Data errors push Xin Hua Fund into spotlight after rare central bank warning

The incident marks an unusual intervention by the People’s Bank of China, which typically leaves oversight of mutual funds to the securities regulator.

Banking & finance

Yiwu market owner eyes Hong Kong IPO to support overseas expansion

Hong Kong listing plan comes after the company reported net profit of 4.2 billion yuan for 2025, up 36.8 per cent from a year earlier.

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US, Israel war on Iran

Why the US-Iran ceasefire is seen as a failure for Donald Trump

As the two sides prepare to meet in person in Pakistan, analysts identify American leader’s miscalculations leading to weaker footing.

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Iranians wave national flags beneath a large billboard in Tehran’s Revolution Square on Wednesday, following the announcement that the United States and Iran have agreed to a two-week ceasefire. Photo: AFP
United States

Trump lauds Beijing role in Iran truce, but clouds ceasefire with tariff threat

Markets rise on fragile pause in fighting, as Tehran keeps Hormuz shut and warns it may abandon deal if Israeli strikes on Lebanon continue.

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Hong Kong stock market

Stocks rise and oil slumps on US-Iran truce as Alibaba leads AI charge

Asian stocks found footing and oil plunged after a two-week ceasefire was reached, subject to Tehran’s vow to completely reopen the Strait of Hormuz.

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Artificial intelligence

Chinese AI glasses maker Rokid planning Hong Kong IPO: sources

Listing plan comes as giants Apple, Meta, Alibaba, Baidu, Xiaomi and Huawei, plus start-ups like Xreal, Rayneo, anticipate market growth.

A staff member demonstrates a pair of smart glasses developed by Hangzhou-based Rokid at a store in Yingtan, in east China’s Jiangxi province, on July 10, 2025. Photo: Xinhua
China stock market

China tightens trading scrutiny on major shareholders and executives

New CSRC rules curb short-term trading by major shareholders to boost investor confidence and encourage long-term market participation.

A huge screen displays the latest stock exchange and economic data in Shanghai. Photo: EPA
China stock market

China IPOs jump 56% as regulator eases restrictions to drive tech innovation

Funds raised on the mainland’s three exchanges in the first quarter topped 25.7 billion yuan, compared with 16.5 billion yuan a year earlier.

Mandatory Provident Fund (MPF)

Hong Kong’s MPF set to report worst performance in 3 years in March

The MPF funds’ monthly showing was the worst in three years as they tracked the Hang Seng Index, which also fell to a three-year low.

Hong Kong stock market

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

Pop Mart has stepped up efforts to support its share price through buy-backs. Photo: Getty Images
Banking & finance

Opinion | From the US to Hong Kong, there’s no excuse for insider trading

Far from a victimless crime, insider trading steals from the rest of us by unfairly using knowledge that is available only to the privileged.

US President Donald Trump and first lady Melania at the Kennedy Centre for the opening night of the musical Chicago on March 31. Oil trades spiked by half a billion dollars minutes before Trump posted a pause on the US attack on Iranian energy sites. Photo: Getty Images via AFP
United States

US crude tops US$110, Wall Street falls after Trump vows more Iran attacks

Crude prices had been inching back towards US$100 per barrel before Trump’s Wednesday address in which he promised more strikes on Iran.

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Hong Kong stock market

China’s onshore traders add Hong Kong stocks for third straight month

Mainland Chinese investors bought US$7.8 billion of stocks through the connect scheme in March.

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