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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.
People walk along Wall Street near the New York Stock Exchange. Photo: Reuters
Banking & finance

Wall Street giants lead China-profit surge despite market polarisation

Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown.

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China stock market

As US stocks hit record highs, will investors keep buying or stay diversified?

China’s private sector

After accounting overhaul, can Wuliangye share buys restore investor confidence?

Bonds

Chinese household appliance maker Midea seeks US$2.2b from convertible bond sale

Midea looks to tap into the debt market to fund its overseas expansion and boost offshore liquidity amid rising sentiment on the stock.

A staff member works at a Midea Group microwave oven factory in Foshan, Guangdong province. Photo: Xinhua
Hong Kong stock market

Hong Kong stocks hit 2-month high on hopes of Middle East war ending

Media reports of a proposed memorandum of understanding boost hopes of a diplomatic resolution to the US-Israel war on Iran.

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Banking & finance

CK Hutchison’s VodafoneThree exit sparks dividend speculation

Disposal of stake in UK’s biggest mobile carrier adds HK$2 billion profit, but conglomerate unlikely to declare special dividend: Citigroup.

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Hong Kong stock market

‘China’s Nasdaq’ nears record high as strong tech momentum buoys Asian stocks

Asia’s stock markets received a boost as US tech giants reported strong results and President Donald Trump signalled more Iran peace talks.

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People stand beneath a large screen showing the latest stock prices in Shanghai. Photo: EPA
Hong Kong stock market

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.

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United States

Wall Street hesitates, oil prices rise amid uncertainty in Strait of Hormuz

Despite all the uncertainty about how long the war with Iran will last, the US stock market has managed to power to record after record.

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Banking & finance

Kazakhstan’s AIFC discussing stock-trading links with Shanghai, Hong Kong

Cross-border trading connections could start with ETFs, says special economic zone’s governor.

A view of the Astana International Financial Centre in Kazakhstan. Photo: Handout
Hong Kong stock market

Ant Group’s bank adds stock trading to Alipay app in Hong Kong

Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.

A view of the One Causeway Bay building, home to Ant Group in Hong Kong. Photo: Dickson Lee
United States

Wall Street rises towards more records as oil prices slip

The main uncertainty for the global economy is where oil prices will go because of the Iran war.

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China stock market

Chinese property stocks primed for comeback as industry shows signs of turning

Early signs of a recovery present a buying opportunity for property stocks, which have been under pressure since home prices peaked in 2021.

US, Israel war on Iran

Macroscope | How the AI boom is helping Asia weather the Iran war energy shock

The war in Iran might as well be over for investors as positive sentiment, strong corporate earnings and the AI boom lift Asian markets.

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Currency traders work near a screen showing the Korea Composite Stock Price Index and the dollar-won exchange rate at the Hana Bank headquarters in Seoul on April 29. Photo: AP
China stock market

China names Liu Haoling as CSRC deputy amid market stabilisation push

Regulator brings in seasoned official with deep risk and compliance experience amid renewed focus on IPO scrutiny and market stability.

Liu Haoling. Photo: Handout
HKEX

HKEX posts record quarterly profit, topping forecast as listings, turnover surge

Earnings jump 27 per cent to HK$5.19 billion as global capital continues to seek safe havens and access to Asian growth: CEO Bonnie Chan.

Banking & finance

Hong Kong’s IPO lead

Hong Kong has retained its crown as the world’s busiest market for initial public offerings so far this year, helped by offerings from printed circuit board maker Victory Giant and pork producer Muyuan Foods.

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Hong Kong stock market

China oil stocks rise as crude rally lifts Sinopec, CNOOC earnings

First-quarter earnings remain resilient as crude prices surge on Middle East tensions, tightening global supply and lifting margins.

China’s oil stocks have been in focus since crude prices spiked following the blockade of the Strait of Hormuz. Photo: Reuters
Business of climate change

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.

IPO

Chinese industrial robot maker Inovance joins Hong Kong IPO queue

Company aims to enhance internationalisation strategy with listing expected to raise up to US$2 billion.

Semiconductors

Photonics chipmaker Lightelligence surges 400% in Hong Kong debut amid AI frenzy

Shanghai-based firm’s IPO reflects mainland China’s push for photonics chips as a fast-growing alternative to conventional semiconductors.

Lightelligence says it is the first company to achieve large-scale deployment of hybrid optical-electronic computing globally. Photo: Handout
CATL

CATL falls nearly 7% on US$5 billion placement to expand renewables

Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.

People walk past a Contemporary Amperex Technology Ltd logo at the Auto Shanghai show on April 18. Photo: Reuters
Semiconductors

Chinese optical chipmaker’s profit soars 1,153% on strong AI demand

Yuanjie Semiconductor Technology’s profit gain matches its elevenfold share price increase over the past year.

China stock market

China equities set for boost as Trump-Xi meeting raises hopes of thaw

Investors are betting a Trump-Xi summit will ease tensions, helping Chinese equities close their long-standing valuation gap.

IPO

China’s solar giant Sungrow revives Hong Kong IPO plan amid clean energy boom

Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline.

Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
Hong Kong stock exchange

Editorial | Malaysia bourse pact extends Hong Kong’s outreach to Southeast Asia

As a centre for international and mainland Chinese capital, Hong Kong is well positioned to help firms across Asia attract investment.

Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting (left) and Bursa Malaysia CEO Dato Fad’l Mohamed appear in a media briefing at the HKEX office in Central on April 22. Photo: Handout
Banking & finance

Macroscope | The real reason stock markets are still flying high despite grave risks

For all the talk of market resilience, too much portfolio investment is chasing too few real-world investment areas.

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Artificial intelligence

Why China’s optical communications sector is the latest AI boom beneficiary

What are optical modules, why are they so critical and which Chinese makers’ stocks are soaring?

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