HK stocks open higher as investors eye Fed

2021-03-15 HKT 09:30″ title=”The Hang Seng Index was 0.6 percent higher in early trade. File photo: RTHK”> The Hang Seng Index was 0.6 percent higher in early trade. File photo: RTHK Hong Kong shares opened higher on Monday, in line with a general advance across Asia following a broadly positive lead from Wall Street, with […]

Bitcoin passes US$60,000 for first time

2021-03-13 HKT 21:08″ title=”Bitcoin surges past $60,000 for the first time. File photo: AFP”> Bitcoin surges past $60,000 for the first time. File photo: AFP Bitcoin briefly rose above US$60,000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world’s most popular virtual currency continue its record-breaking run. The cryptocurrency […]

CEO of China’s Ant Group steps down

2021-03-13 HKT 00:29″ title=”Ant Group made its name via its main product Alipay, the online payments platform and super-app that is now deeply embedded in China’s economy. Photo: Reuters”> Ant Group made its name via its main product Alipay, the online payments platform and super-app that is now deeply embedded in China’s economy. Photo: Reuters […]

HSI tumbles, hurt by Tencent antitrust fine

2021-03-12 HKT 17:05″ title=”Local shares lose 2.2 percent on Friday. Image: Shutterstock”> Local shares lose 2.2 percent on Friday. Image: Shutterstock Local shares ended the week sharply lower, snapping a three-day winning streak, with market heavyweight Tencent losing more than 4 percent after it was slapped with a fine by China’s antitrust regulator. The Hang […]

US tech stocks lose tug-of-war amid inflation fears

2021-03-13 HKT 06:07″ title=”Tech shares are seen as most vulnerable to rising borrowing rates. Photo: AFP”> Tech shares are seen as most vulnerable to rising borrowing rates. Photo: AFP Wall Street closed out a volatile week mostly higher on Friday, but tech shares once again lost the battle between optimism over a stronger economy and […]

US jobless aid claims near pandemic era low

2021-03-11 HKT 22:52″ title=”The employment situation is expected to improve after the US Congress on Wednesday approved Joe Biden’s US$1.9 trillion stimulus bill. Photo: AFP”> The employment situation is expected to improve after the US Congress on Wednesday approved Joe Biden’s US$1.9 trillion stimulus bill. Photo: AFP New applications for US jobless aid last week […]

MTR posts HK$4.8 billion loss for 2020

2021-03-11 HKT 18:24″ title=”The West Kowloon high speed rail station has been closed for more than a year due to the coronavirus pandemic. File photo: RTHK”> The West Kowloon high speed rail station has been closed for more than a year due to the coronavirus pandemic. File photo: RTHK The MTR Corporation said on Thursday […]

Hong Kong stocks rise on stimulus package

2021-03-12 HKT 09:48″ title=”The Hang Seng Index rose over half a percentage point in early trading. Photo: RTHK”> The Hang Seng Index rose over half a percentage point in early trading. Photo: RTHK Hong Kong stocks started on the front foot Friday following a record performance on Wall Street and in Europe as traders welcomed […]

Biden puts more restrictions on Huawei

2021-03-12 HKT 08:02″ title=”The actions show the Biden administration is reinforcing a hard line on exports to the Chinese tech company. Photo: Reuters”> The actions show the Biden administration is reinforcing a hard line on exports to the Chinese tech company. Photo: Reuters The Biden administration this week amended licenses for companies to sell to […]

Dow, S&P 500 end at records, extending rally

2021-03-12 HKT 05:41″ title=”Large technology companies – which have been under pressure in recent weeks – had a strong session. Photo: AFP”> Large technology companies – which have been under pressure in recent weeks – had a strong session. Photo: AFP Wall Street stock indices ended at fresh records on Thursday as investors cheered the […]

HSI rallies as inflation fears ease

2021-03-11 HKT 16:28″ title=”The Hang Seng Index finished the day up 447 points, or 1.6 percent, at 29,354. Image: Shutterstock”> The Hang Seng Index finished the day up 447 points, or 1.6 percent, at 29,354. Image: Shutterstock Hong Kong stocks surged back above the 29,000 mark on Thursday, tracking gains in the US after the […]

HSBC to halt coal funding on shareholder pressure

2021-03-11 HKT 15:19″ title=”The plan will see the bank reduce its exposure to fossil fuels, and will be voted on at its annual general meeting in May. File photo: Reuters”> The plan will see the bank reduce its exposure to fossil fuels, and will be voted on at its annual general meeting in May. File […]

Hong Kong stocks open flat on mixed news

2021-03-11 HKT 10:17″ title=”In early trading, the Hang Seng Index inched up 2.46 points to 28,909.98. Photo: RTHK”> In early trading, the Hang Seng Index inched up 2.46 points to 28,909.98. Photo: RTHK Hong Kong stocks opened flat on Thursday morning following two days of gains, as welcome news about the passage of Joe Biden’s […]

US stocks boosted as Congress passes stimulus

2021-03-11 HKT 05:23″ title=”Wall Street got a boost from data showing that inflation was not yet a worry and from the passage of a huge stimulus package. FIle photo: Shutterstock”> Wall Street got a boost from data showing that inflation was not yet a worry and from the passage of a huge stimulus package. FIle […]

Lockdown powers profit surge at Lego

2021-03-10 HKT 23:47″ title=”Lego’s classic bricks remain among its most sought-after products, but the company has diversified into other areas, including video games, movies, and amusement parks. File photo: Reuters”> Lego’s classic bricks remain among its most sought-after products, but the company has diversified into other areas, including video games, movies, and amusement parks. File […]

HSI ends volatile day in positive territory

2021-03-09 HKT 16:55″ title=”Hong Kong shares seesawed between gains and losses after reports say Beijing has stepped in to ensure market stability. Image: Shutterstock”> Hong Kong shares seesawed between gains and losses after reports say Beijing has stepped in to ensure market stability. Image: Shutterstock Local shares finished higher in choppy trade on Tuesday as […]

Cathay posts record HK$21.6 billion loss for 2020

2021-03-10 HKT 12:54″ title=”Cathay Pacific posted record losses fora year where the coronavirus pandemic wiped out demand for travel. File photo: Reuters”> Cathay Pacific posted record losses fora year where the coronavirus pandemic wiped out demand for travel. File photo: Reuters Hong Kong carrier Cathay Pacific said on Wednesday it suffered a record HK$21.6 billion […]

Asian markets fluctuate on inflation fears

2021-03-10 HKT 11:09″ title=”The Hang Seng Index opened slightly higher in early trading. Photo: RTHK”> The Hang Seng Index opened slightly higher in early trading. Photo: RTHK Asian investors struggled to extend a global markets rally Wednesday as they continue to fret over the prospect of soaring inflation and a hike in interest rates as […]

China factory prices rise amid easing of pandemic

2021-03-10 HKT 11:00″ title=”The producer price index (PPI), which measures the cost of goods at the factory gate, had risen for the first time in a year in January. File image: Shutterstock”> The producer price index (PPI), which measures the cost of goods at the factory gate, had risen for the first time in a […]