Hang Seng Index

Hang SengHKG:3696HKG:3816HKG:9888

Hong Kong Stocks Rise on Easing Rate Fears; InSilico Medicine Gains 4%

Hong Kong stocks closed higher Friday after U.S. Federal Reserve Governor Christopher Waller's comments eased concerns over another U.S. rate hike, lifting sentiment ahead of U.S. jobs data.The Hang Seng Index gained 437.56 points, or 1.7%, to close at 25,650.87, while the Hang Seng China Enterprises Index rose 169.79 points, or 2%, to 8,555.03.Waller said he would favor keeping interest rates steady if inflation continues to cool, helping boost global markets. Investors also watched developments in China's artificial intelligence sector after Moonshot AI reportedly filed confidentially for a Hong Kong IPO seeking to raise about $3 billion.Baidu (HKG:9888) which completed conversion from a secondary listing to a dual primary listing on the Hong Kong Stock Exchange earlier this week rose nearly 5%.In corporate developments, KFM Kingdom (HKG:3816) said it was unaware of reasons for unusual share price and trading activity, while its major shareholder KIG Real Estate said it was exploring potential transactions involving the company. KFM Kingdom shares rose nearly 4%InSilico Medicine (HKG:3696) also rose nearly 4% after Chairman Aleksandrs Zavoronkovs said he plans to buy up to HK$16 million of the company's shares in the secondary market this month using his personal funds.

Hang SengSHA:603175TPE:3715

Dynamic Electronics Parent OKs Hong Kong Listing Proposal

Dynamic Electronics (SHA:603175) said indirect controlling shareholder Dynamic (TPE:3715) has approved the company's H-share listing on Hong Kong's main Board.The printed circuit board maker said its proposed Hong Kong listing is subject to shareholder approval and regulatory clearances, according to a Friday filing with the Shanghai bourse.Shares of Dynamic Electronics rose nearly 1%, while Dynamic shares fell nearly 1% in recent trade.

Ligent Technologies Passes Hong Kong Listing Hearing, Eyes $800 Million from IPO

Ligent Technologies passed its listing hearing with the Hong Kong bourse, paving the way for its proposed initial public offering in the city to proceed.The Chinese optical transceiver maker intends to use the IPO proceeds for research and development, expansion of production capacity, procurement of specialized equipment, marketing activities, M&As, and working capital, according to its post-hearing information pack.The company, owned 48.6% by Hisense Group, is targeting to raise $800 million and could launch the IPO as early as Sept. 14, Reuters reported, but the offering size, valuation and timeline are still subject to change.Ligent Technologies did not immediately respond to a request for comment from.

Hong Kong Stocks Open Higher as Dovish Fed Comments Boost Sentiment

Hong Kong stocks opened higher on Friday as a broad rally in U.S. equities and dovish comments from Federal Reserve Governor Christopher Waller eased expectations for a September rate hike.The Hang Seng Index rose 1.2%, or 302.43 points, to open at 25,515.74, while the Hang Seng China Enterprises Index gained 1.2%, or 96.04 points, to 8,481.28.Wall Street stocks rallied on Thursday, with the Dow Jones Industrial Average rising 1.2%, the S&P 500 gaining 1.1% and the Nasdaq Composite climbing 1.4%.Waller said he would favor keeping interest rates steady at the Fed's next meeting if upcoming data confirms that inflation pressures are cooling.Markets subsequently priced in about a 50% chance of a September rate hike, down from roughly 63% in the previous session.

Hang SengNikkei 225Shanghai Composite

Asia Markets16d ago

Crude Oil, Bond Yield Outlooks Churn Asian Stock Markets

Asian stock markets largely churned Thursday, as higher global crude prices continue to weigh on trader sentiments, but bond yields mildly eased.Hong Kong and Tokyo finished moderately in the red, while other regional exchanges were mixed and muted.Brent crude oil futures rose 1.6% to $97.27 a barrel during Asian market hours.In Japan, the Nikkei 225 opened evenly, but finished down 0.2% after major retailer Fast Retailing logged a decline in August sales, on year.The benchmark Nikkei 225 fell 111.16 to 64,214.48, though gaining issues outnumbered losers 140 to 82.Leading the upside was furnishings enterprise Nitori, up 8.4%, while oil-driller Inpex declined 4%.In economic news, the S&P Global Japan composite purchase managers index (PMI) logged at 53.5 last month, up from 52.7 in July, and striking further above the 50-mark that separates growth from contraction.Yields on 10-year Japanese government bonds touched 2.97%, slipping below the 3% mark crossed Wednesday.In Hong Kong, the Hang Seng Index opened higher, but declined in trading, finishing down 0.4% on softer tech issues.The broad gauge Hang Seng fell 97.9 to 25,213.31, as losing issues outnumbered gainers 50 to 42. The Hang Seng TECH Index lost 1.1% on the day, while the Mainland Properties Index rose 1.6%.Leading the upside was Sino Biopharmaceuticals, gaining 6.3%, while Trip.com declined 5.4%.On the mainland, the Shanghai Composite finished almost flat at 3,942.09.In economic news, the broader China Composite Output Index rose to 52.1 in August from 50.8 the month prior, S&P said.On the other regional exchanges, the S. Korean KOSPI rose 0.3%; the Taiwan TWSE declined 0.7%; the Australian ASX 200 inclined 0.5%; and the Singapore Straits Times Index rose 0.1%, as did the Thai Set. In late trading in Mumbai, the Sensex was down 0.2%.

Asia16d ago

Hong Kong Stocks Fall on Thursday, Amid Bond Selloff, Rate Fears; HUTCHMED Jumps 14%

Hong Kong stocks closed lower on Thursday as rising bond yields and oil prices increased concerns over U.S. interest rates and monetary policy.The Hang Seng Index fell 97.90 points, or 0.4%, to close at 25,213.31, while the Hang Seng China Enterprises Index dropped 64.86 points, or 0.8%, to 8,385.24.Global bond prices fell, with U.S. Treasury yields reaching their highest levels since 2023, while higher oil prices added to inflation concerns.Investors also remained cautious amid renewed U.S.-Iran attacks and awaited Friday's U.S. payrolls report for clues on the Federal Reserve's next move. Markets have raised the odds of a 25-basis-point rate hike this month to about 62% from 37% a week ago, according to a Reuters report.In corporate developments, HUTCHMED (China) (HKG:0013) jumped more than 14% after agreeing to grant a GSK subsidiary worldwide rights, excluding Mainland China, Hong Kong, Macau and Taiwan, to develop and commercialize its experimental cancer drug HMPL-A830 for up to $1.30 billion.Separately, Impact Therapeutics (HKG:7630) rose 12% after CEO Sui Xiong Cai bought 100,000 shares for HK$1.6 million.

Hang SengHKG:0013HKG:7630

Asia16d ago

Market Chatter: Chinese AI Firm Moonshot Confidentially Files for $3 Billion Hong Kong IPO

Chinese artificial intelligence startup Moonshot has confidentially filed for a Hong Kong initial public offering, Reuters reported, citing three people familiar with the plans.The company behind the Kimi large language model aims to raise about $3 billion via the listing, the report said.The offering is at an early stage and requires regulatory clearance, with financial terms subject to change, Reuters added.Moonshot did not immediately respond to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

US Markets16d ago

Hong Kong Private Sector Contracts in August Amid Subdued Demand, S&P Survey Shows

Business conditions in Hong Kong's private sector deteriorated in August for the first time in four months, as demand and output weakened amid subdued market conditions.The headline seasonally adjusted S&P Global Hong Kong SAR Purchasing Managers' Index (PMI) dropped to 49.5 from 51.0 in July, according to data on Thursday. A reading below the neutral 50.0 threshold indicates a contraction in sector activity.The decline was driven by renewed contractions in output and new business, marking the third time in six months that sales have dropped. New export orders also declined, despite a slight increase in demand from mainland China."Firms often linked the latest deterioration to subdued market conditions, both locally and globally, which have been exacerbated by high prices," said Usamah Bhatti, an economist at S&P Global Market Intelligence.The ongoing conflict in the Middle East also continued to weigh on supply chains, lengthening delivery lead times for local firms. Additionally, the drop in output and a decrease in backlogs of work weighed on the jobs market, leading to reduced staffing levels, S&P said.The private sector contraction follows a broader economic moderation. Hong Kong's gross domestic product grew 4.3% year on year in the second quarter, slowing from the 5.9% expansion recorded in the first quarter.However, real GDP for the first half of 2026 still rose 5.1% year on year, marking the strongest first-half performance in nearly five years, according to government data. Authorities expect strong global demand for artificial intelligence-related electronic products and corresponding logistics services to help support broader economic growth through the second half of the year.

Asia16d ago

Hong Kong Stocks Open Higher as Wall Street Rebound Lifts Sentiment

Hong Kong stocks opened higher on Thursday as a rebound in U.S. equities and easing Treasury yields improved investor sentiment.The Hang Seng Index rose 0.7%, or 171.35 points, to open at 25,482.56, while the Hang Seng China Enterprises Index gained 0.7%, or 63.02 points, to 8,513.12.Wall Street stocks rebounded on Wednesday after three sessions of losses.Oil prices rose about 1% as renewed U.S.-Iran fighting raised concerns over supply disruptions. Brent crude settled at $95.63 a barrel, up 1%.Markets also increased bets on a September Federal Reserve rate hike following weaker-than-expected U.S. private employment data.

International16d ago

Hong Kong's Private Sector Activity Deteriorates in August

Hong Kong's private sector activity contracted for the first time in four months in August, according to a survey by S&P Global published Thursday.The latest seasonally adjusted S&P Global Hong Kong SAR Purchasing Managers' Index (PMI) fell to 49.5 in August from 51.0 the previous month.A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.Output and new orders both contracted in August, as business activity and sales were weighed down by higher prices and weaker demand conditions, S&P said.

Hang SengNikkei 225Shanghai Composite

Asia Markets17d ago

Interest Rate, Oil, Tech Jitters Blunt Asian Stock Markets

Asian stock markets fell back Wednesday on overnight Wall Street cues, and as traders cooled on tech issues.Rising global interest rates also undercut confidence, and Brent crude oil futures traded up 0.3% to $94.96 a barrel during Asian market hours.Hong Kong, Shanghai and Tokyo finished in the red, while Seoul's semiconductor-laden KOSPI index fell 4%.In Japan, the Nikkei 225 opened lower and declined thereafter, finishing off 2.9% as traders watched bond yields, and ongoing Persian Gulf turmoils.Yields on 10-year Japanese government bonds struck fresh 30-year highs, climbing north of 3%.The benchmark Nikkei 225 fell 1,889.70 to 64,325.64, as losing issues outnumbered gainers 209 to 14.Leading the upside was Sumitomo Pharma, up 2.7%, while Sumitomo Metal Mining declined 11.6%, on softer global metals prices.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 0.1% as tech issues faltered.The broad gauge Hang Seng fell 18.52 to 25,311.21, as losing issues outnumbered gainers 47 to 43. The Hang Seng TECH Index lost 0.7% on the day, while the Mainland Properties Index rose 1%.Leading the upside was China Overseas Land & Investment, up 4.6%, while Contemporary Amperex Technology declined 4.7%.On the mainland, the Shanghai Composite fell 1% to 3,941.39.On the other regional exchanges, the Taiwan TWSE declined 1.7%; the Australian ASX 200 declined 1%; the Singapore Straits Times Index rose 0.6%, and the Thai Set declined 0.9%. In late trading in Mumbai, the Sensex was down 0.5%.The MSCI All Country Asia Pacific Index fell 1.9% on the day.

Market Chatter: Evergrande Founder's Lawyer Denied Access to Liquidator-Controlled Funds for Legal Costs

China Evergrande founder Hui Ka Yan's lawyer's request to use liquidator-controlled funds to pay legal costs was rejected by the Hong Kong High Court, Reuters reported Wednesday.The relevant legal costs reached HK$1.2 million, according to the report.Last week, Hui was reportedly given a life sentence by a Chinese court, alongside an order to confiscate his personal property.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Susquehanna International Eyes 3X Office Space Expansion Amid Hiring Drive

Susquehanna International Group is looking to expand its Hong Kong office space by three times, Reuters reported Wednesday citing four sources.The company has been exploring office spaces, with the lease of three floors in office tower Cheung Kong Center II among the potential options, according to three of the sources.The move comes amid a hiring spree by the U.S. trading company, as part of a bid to boost operations in Asia and gain further access to China's ETF market, Reuters said.Susquehanna International did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang SengHKG:0625HKG:1698

Hong Kong Stocks Edge Lower on Middle East Tensions, Rising Oil Prices; Tencent Music Falls

Hong Kong stocks closed slightly lower on Wednesday for a third straight session as rising oil prices and renewed U.S.-Iran tensions kept investors cautious.The Hang Seng Index fell 18.52 points, or 0.1%, to close at 25,311.21, while the Hang Seng China Enterprises Index dropped 12.54 points, or 0.2%, to 8,450.10.Brent crude rose above $95 a barrel as renewed fighting between the U.S. and Iran raised concerns over supply disruptions through the Strait of Hormuz. Higher oil prices also pushed the U.S. 10-year Treasury yield upwards, adding to concerns over inflation and interest rates and weighing on technology shares. The Hang Seng TECH Index fell 0.7%.Online fast-fashion retailer SHEIN Global (HKG:0625) continued to trade below its offer price on its second day of trading, adding to the cautious mood around new listings.In corporate developments, Tencent Music Entertainment Group (HKG:1698) fell more than 1% a day after reporting lower first-half attributable profit of 4.56 billion yuan, compared with 6.70 billion yuan a year earlier.

International17d ago

Macau's Gaming Revenue Slips in August

Macau's gaming revenue fell 1.2% year-over-year to 21.9 billion Macanese patacas in August, according to data released by the Gaming Inspection and Coordination Bureau.The August total rose from 20.3 billion Macanese patacas in July, although it remained below the 22.2 billion patacas recorded in August 2025.Gaming revenue for the first eight months of 2026 rose 3.7% to 169.1 billion Macanese patacas.

Hang SengShanghai Composite^SZSE

International17d ago

Hong Kong Stocks Open Lower as Bond Market Selloff Triggers Rate Hike Jitters

Hong Kong stocks fell at the start of Wednesday's trading session, following a selloff in major bond markets fueled by inflation fears amid rising crude prices due to the ongoing Middle East crisis.The Hang Seng Index (HSI) shed 1.1%, or 286 points, to 25,280.82. The Hang Seng China Enterprises Index lost 0.8%, or nearly 66 points, to 8,447.25.Worries over inflation and escalating military hostilities between the U.S. and Iran have driven bond yields higher globally, increasing the likelihood of interest rate hikes by central banks.