Home 

China’s stock benchmark drops from one-year high as carmakers weigh on sentiment

China’s stocks fell from a one-year high, as carmakers ran out of gas following a rally spurred by speculation about government stimulus to bolster car salses.The Shanghai Composite Index dropped 0.4 per cent, or 12.92 points, to 3,250.20 at the close on Thursday after rising to the highest level since March 2018 a day earlier. A gauge tracking auto stocks slumped 1.9 per cent after surging 7 per cent over the past two days, according to data provider Shanghai DZH. Hong Kong’s Hang Seng Index… Source link

Read More
Home 

Shanghai’s benchmark stock index rises to a 12-month high, buoyed by an unexpected pickup in China’s services industry

An investor at a stock exchange in Nanjing, capital of east China’s Jiangsu province on March 4, 2019. Contrary to global conventions, China’s stock market denotes gains and advances in red, and represents losses and declines in green. Photo: Xinhua Source link

Read More
Home 

China’s world-beating stocks rally fizzles out as benchmark closes below 3,000 for first time in two weeks

The world-beating run-up on Chinese stocks faltered on Tuesday, with the benchmark Shanghai Composite Index falling back below the 3,000-point level on mounting concern that the rapid share-price gains had outstripped an improvement in fundamentals.The Shanghai Composite retreated 1.5 per cent, or 45.94 points, to 2,997.10 at the close, extending a 2 per cent slump on Monday. It was the first time the gauge had closed below the 3,000-point milestone in two weeks. Hong Kong’s Hang Seng Index… Source link

Read More
Home 

Shanghai bulls charge ahead, giving benchmark 2.7 per cent weekly gain

China’s stocks rose on Friday, with the benchmark gauge capping a second weekly gain, as traders bet that the world-beating rally on the world’s biggest emerging market will carry on.The Shanghai Composite Index added 0.1 per cent, or 2.69 points, to 3,104.15 at the close, adding to a 2.7 per cent gain this week. Hong Kong’s Hang Seng Index also rose slightly.The mainland’s equity benchmark has eked out gains every week this year except one, rising 24 per cent this year as the world’s best… Source link

Read More
Home 

Stocks Blog: Shanghai benchmark trying to hit 9-month high

Welcome to the launch of the South China Morning Post’s Live Stocks Blog!  Each trading day, we will provide investors with timely news and analysis about markets in mainland China and Hong Kong, including significant moves in benchmarks and individual shares as well snapshots of companies, sectors, trends and markets-impacting government policy. (Stock trading involves judgment calls and risks that the SCMP cannot be held responsible for.) Today, your main markets guides will be Zhang… Source link

Read More
Home 

China’s stock benchmark rises to 9-month high as nuclear power shares rally on new projects

China’s stocks rose to a nine-month high on Tuesday, as China Nuclear Engineering led nuclear power equipment makers higher on news report that the government will start construction of nuclear power projects for the first time in three years.The Shanghai Composite Index rose as much as 0.4 per cent in intraday trading to 3,109.13 in morning trading, set for the highest close since June 7. Hong Kong’s Hang Seng Index was little changed.The rise of the mainland’s benchmark to the new high came… Source link

Read More
Home 

Benchmark compiler Hang Seng Indexes adds tool maker Techtronic to gauge, ejects China Resources Power

Hong Kong-based maker of Hoover vacuum cleaners and Milwaukee power tools Techtronic Industries will become a constituent stock of the benchmark Hang Seng gauge on March 11, compiler Hang Seng Indexes said on Friday as part of its quarterly review.Techtronic replaces China Resources Power Holdings, and the total number of the index will remain at 50.Founded in 1985 by Horst Pudwill, the company has been listed on the local bourse since 1990. It produces a lot of electronic equipment for the… Source link

Read More
Home 

China’s stocks’ world-beating rally fizzles out as benchmark gauges fall for second day

China’s stocks fell for a second day, as traders fretted this year’s rally that has made the benchmark gauge among the world’s best performers was going too fast.The Shanghai Composite Index slid 0.3 per cent, or 9.49 points, to 2,742.31 in early morning trading on Friday. Meanwhile, Hong Kong’s Hang Seng Index retreated 0.6 per cent, or 163.49 points, to 28,466.43.Still, the Shanghai benchmark was heading for a 2.2 per cent gain this week. That would be a seventh straight weekly winning streak… Source link

Read More
Property 

New ‘tiny home’ benchmark for Kowloon as developer rolls out Sham Shui Po project in layouts beginning at 129 sq ft

Hong Kong’s Kowloon district is about to realise a new benchmark for tiny home sizes that will test the market’s tolerance for what’s considered liveable space, with one developer set to launch a project in Sham Shui Po featuring layouts starting at 129 square feet, the smallest on record for the area. The 22-storey residential block named AVA 228 will feature 160 units with sizes ranging from 129 sq ft to 249 sq ft, according to the website of Magic Sight Holdings, a privately held developer owned by property investor…

Read More
China 

China may cut benchmark interest rate before Lunar New Year, says economists

The rapid deterioration in China’s economic data could spur the central bank to cut its benchmark interest rate as soon as Friday, according to Barclays Plc economists. “Existing measures are not sufficient to lower the financing costs of the real economy, in a down-cycle with rising credit risk and falling producer-price inflation,” the analysts led by Jian Chang wrote. “Hence, lowering the risk-free rate is unavoidable, in our view.” Chang was the only economist in Bloomberg surveys to correctly predict rate cuts that policymakers enacted in late 2014. China’s central…

Read More