597 stories mentioning Hang Seng IndexUpdated 1d ago
In focus as Hong Kong sees IPO activity, with Kaifeng Millennium City Park filing and RedNote operator Xiaohongshu reportedly preparing a listing.
Hunan Yuneng New Energy Battery Material (SHE:301358) applied for an H-share listing on the Hong Kong bourse's main board.The offering remains subject to approvals from Chinese and Hong Kong regulators, according to a Monday filing with the Shenzhen bourse.Shares of the lithium-ion battery cathode material producer were up 3% in recent trade.
Hong Kong stocks opened higher on Monday as investors awaited China's July activity data for clues on the strength of the world's second-largest economy.The Hang Seng Index rose 0.7%, or 186.56 points, to 25,303.41, while the Hang Seng China Enterprises Index gained 0.9%, or 71.04 points, to 8,411.87.Asian markets were mixed as investors weighed the risk of higher oil prices amid stalled efforts to end the Iran war and reopen the Strait of Hormuz.Investors are also awaiting China's July activity data and a week of U.S. economic releases and corporate earnings for clues on growth and the outlook for interest rates.
Asian stock markets rose moderately on Friday on earnings results and Wall Street cues, although China-exposed exchanges again wavered.Boosting sentiment was Thursday's relatively tepid US producer price index (PPI) report, which improved perceived odds among traders that the US Federal Reserve will not raise interest rates at its September policy session.Tokyo finished in the green, Shanghai was flat, and Hong Kong fell back. Other regional exchanges were also mixed, although Seoul's semiconductor-laden KOSPI index logged a 2.4% gain.Brent crude oil futures rose 0.2% to $87.22 a barrel during Asian market hours.In Japan, the Nikkei 225 opened higher and held ground, finishing up 0.6% as traders again favored tech shares.The benchmark Nikkei 225 rose 405.21 to 68,713.80, as gaining issues outnumbered losers 131 to 92.Leading the upside was video game maker Nexon, up 19.9%, while cybersecurity outfit Trend Micro declined 14.6%, with both moves following earnings releases.In Hong Kong, the Hang Seng Index opened lower and could not recover, as caution again prevailed regarding China's struggling property markets and tempered consumer spending. A soft bank lending report from Beijing also dented the mood.The broad gauge Hang Seng fell 279.66 to 25,116.85, as losing issues outnumbered gainers 63 to 27. The Hang Seng TECH Index lost 1.8% on the day, while the Mainland Properties Index fell 0.6%.Leading the upside was Semiconductor Manufacturing International, gaining 4.8%, while JD Logistics declined 13.7%.On the mainland, the Shanghai Composite closed flat at 3,917.18.In economic news, outstanding yuan loans in mainland China grew by 5.1% year-on-year in July, a record low, while new bank loans contracted by 340 billion yuan, reported the People's Bank of China.On the other regional exchanges, the Taiwan TWSE declined 0.5%; the Australian ASX 200 declined 0.8%; the Singapore Straits Times Index rose 0.4%, and the Thai Set declined 0.3%. In late trading in Mumbai, the Sensex was down 0.2%The MSCI All Country Asia Pacific Index rose 0.4% on the day.
Hong Kong's gross domestic product rose 4.3% year over year in real terms in the second quarter, slower than a 5.9% rise in the previous quarter, according to revised figures released Friday by the office of the government economist.For the first half of the year, real GDP increased 5.1% from the same period in 2025.Goods exports and imports climbed 28.9% and 29.3%, respectively, in real terms. Exports and imports of services rose by 3.4% and 3%, respectively.Private consumption expenditure increased 2.8% in real terms in the three months, slower than the 4.9% increase in the preceding quarter.The Hong Kong economy is expected to maintain solid growth in the second half of the year, supported by strong global AI-related demand, merchandise exports, logistics, tourism, and financial services. Domestic demand is also expected to remain steady, although geopolitical tensions, inflation, central-bank policies, trade protectionism, and risks from rapid global AI investment remain key challenges.The office of the government economist raised its 2026 real GDP growth forecast to 3.5%-4.5% from the previous range of 2.5%-3.5%, citing stronger-than-expected first-half growth and near-term outlook.
Hong Kong stocks closed lower Friday as weakness in technology and property shares weighed on the market, leaving it out of step with broader Asian gains.The Hang Seng Index fell 279.66 points, or 1.1%, to close at 25,116.85, while the Hang Seng China Enterprises Index dropped 85.66 points, or 1%, to 8,340.83.Property stocks also came under pressure amid continued concerns over China's weak housing market and sluggish domestic demand, adding to the cautious tone.Elsewhere in Asia, stocks gained after softer U.S. inflation data reduced concerns over near-term Federal Reserve rate hikes and supported a rebound in technology shares.JD.com (HKG:9618) tumbled nearly 11% despite reporting higher second-quarter net income, as revenue fell 2.9% year over year amid a high comparison base.Suzhou Novosense Microelectronics (SHA:688052, HKG:2676) jumped nearly 10% after reporting 88.2 million yuan in impairment provisions for the first half.
Hong Kong stocks opened lower on Friday as investors remained cautious despite easing expectations for a Federal Reserve rate hike.The Hang Seng Index fell 0.7%, or 177.36 points, to 25,219.15, while the Hang Seng China Enterprises Index dropped 0.6%, or 50.02 points, to 8,376.47.Wall Street ended higher overnight after U.S. producer prices were unchanged in July, reinforcing expectations that the Federal Reserve could keep interest rates steady next month.Oil prices fell more than 2% as rising U.S. crude inventories and weaker global demand forecasts outweighed lingering geopolitical concerns.
Chinese chip designer Kiwimoore has confidentially filed for a Hong Kong initial public offering that could value the company at around $2 billion, Reuters reported Thursday, citing two people familiar with the matter.The Shanghai-based company is targeting a Hong Kong listing in the first half of 2027 and raised about 700 million yuan in a July funding round at an $8 billion yuan valuation, according to the report.It has appointed CITIC Securities and ABC International to work on the listing, the report added.Kiwimoore did not immediately respond to' 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.)
Hong Kong's goods exports rose 34.3% year over year in June in volume terms, according to data from the Census and Statistics Department (C&SD) released Thursday.The pace of growth accelerated from the 25.8% expansion in May.The volume of goods imports also rose at a slightly faster pace of 27.5% versus 27.4% the previous month.Over the same period, export prices increased 13.6% year over year, accelerating from 11.8% previously, while import price growth also sped up to 12.7% from 11.1%.This placed the terms of trade index, or the ratio of the export price index to the import price index, at a 0.8% increase compared with the same month last year.By destination, total export volume to the U.S. climbed 85.2%, while shipments to India slid 8.8%.On the supplier side, the volume of imports from South Korea surged 109.2%, while arrivals from Taiwan fell 2.2% year over year.
Asian stock markets outside China rallied on Thursday, on overnight Wall Street cues and strength in tech issues.Brent crude oil futures traded down 1.9% to $87.27 a barrel during Asian trading hours, easing some concerns on energy bills.Tokyo finished in the green, but Hong Kong and Shanghai lost ground. Other regional exchanges largely finished higher.In Japan, the Nikkei 225 concluded up 1.2% as AI- and semiconductor-shares retained favor, and following the Wednesday US inflation report, which contained no negative surprises.The benchmark Nikkei 225 rose 784.53 to 68,308.59, as gaining issues outnumbered losers 131 to 90.Leading the upside was packaging house Toppan, up 10.8% after reporting earnings, while personal-products maker Kao declined 3.6%.In economic news, Japan's producer price index rose 7.2% on year in July, and rose by 0.1% from June, reported the Bank of Japan.In Hong Kong, the Hang Seng Index opened lower, waffled, and closed down 0.2%, as property shares gave back some of Wednesday's gains. Traders remain concerned that China's huge economy is hamstrung by a struggling real estate sector and soft consumer spending.The broad gauge Hang Seng fell 43.66 to 25,396.51, as losing issues outnumbered gainers 57 to 33. The Hang Seng TECH Index gained 0.3% on the day, while the Mainland Properties Index fell 2.4%.Leading the upside was computer-maker Lenovo, gaining 20.2% after reporting earnings, while aluminum-producer China Hongqiao declined 7.1%.On the mainland, the Shanghai Composite fell 0.5% to 3,926.96.On the other regional exchanges, the S. Korean KOSPI rose 3.6%; the Taiwan TWSE inclined 1.1%; the Australian ASX 200 declined 0.2%; the Singapore Straits Times Index was steady, and the Thai Set inclined 0.1%. In late trading in Mumbai, the Sensex was up 0.2%The MSCI All Country Asia Pacific Index rose 0.9% on the day.
Hong Kong stocks closed lower Thursday as investors remained cautious despite softer U.S. inflation data that eased expectations of a Federal Reserve rate hike next month.The Hang Seng Index fell 43.66 points, or 0.2%, to close at 25,396.51, while the Hang Seng China Enterprises Index lost 19.78 points, or 0.2%, to finish at 8,426.49.U.S. consumer prices rose in line with expectations in July, prompting markets to cut the probability of a September Fed rate hike to 34% from 55% a week earlier, according to the CME FedWatch Tool.Meanwhile, negotiations between the United States and Iran remained stalled, with no progress reported toward reviving an interim agreement or reopening the Strait of Hormuz.Brent crude slipped 0.2% to $88.80 a barrel, while U.S. crude fell 0.4% to $82.96.In corporate news, Lenovo (HKG:0992) closed over 20% higher after reporting a 43% year-over-year increase in fiscal first-quarter revenue.
Hong Kong stocks opened lower on Thursday, bucking gains across Asian markets as investors weighed easing expectations for U.S. rate hikes.The Hang Seng Index fell 0.6%, or 152.10 points, to 25,288.07, while the Hang Seng China Enterprises Index dropped 0.5%, or 45.39 points, to 8,400.88.Asian markets broadly advanced after U.S. inflation data came in as expected, reducing expectations for a near-term Federal Reserve rate hike.Investors also remained cautious over the Middle East as Washington and Tehran made little progress toward ending the Gulf conflict and reopening the Strait of Hormuz.
Asian stock markets gained ground on Wednesday as oil prices steadied, and as traders regained confidence in tech shares.Shanghai and Tokyo finished in the green, although Hong Kong bucked trends and lost ground. Other regional exchanges were mixed on the high side.Brent crude oil futures traded down 0.2% to $88.72 a barrel, during Asian market hours.In Japan, the Nikkei 225 opened evenly after a one-day hiatus and rose to the close, finishing up 0.8% as traders gravitated into AI- and semiconductor-related shares.The benchmark Nikkei 225 rose 553.84 to 67,524.06, as gaining issues outnumbered losers 134 to 88.Leading the upside was semiconductor-components maker Taiyo Yuden, up 7.5%, while online retail and financial platform Rakuten declined 13.8%, after reporting earnings.In economic news, Japan's machine tool orders climbed by 50.4% on year in July 2026, following a 52.8% on-year surge in June, reported the Japan Machine Tool Builders' Association.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 0.8% despite a rally in property shares that followed Beijing signals towards the struggling real estate sector.The broad gauge Hang Seng fell 212.65 to 25,440.17, as losing issues outnumbered gainers 65 to 26. The Hang Seng TECH Index lost 1% on the day, but the Mainland Properties Index rose 4.3%.Leading the upside was property-developer Longfor, gaining 8.8%, while video-game developer NetEase declined 5.1%.On the mainland, the Shanghai Composite rose 0.3% to 3,946.68.In economic news, China's total vehicle sales fell 0.3% on year to 2.584 million units in July, following a 3.2% on-year decline in June, according to the China Association of Automobile Manufacturers.In housing news, Beijing introduced a package of measures, including easing home purchase restrictions for certain families, and increasing housing-fund loan limits, in a bid to stabilize property markets, reported the state news agency Xinhua.On the other regional exchanges, the S. Korean KOSPI rose 3.7%; the Taiwan TWSE inclined 0.8%; the Australian ASX 200 declined 0.5%; the Singapore Straits Times Index fell 0.6%, and trading floors were dark in Bangkok. In late trading in Mumbai, the Sensex was down 0.3%.The MSCI All Country Asia Pacific Index rose 1% on the day.
Hong Kong stocks closed lower Wednesday as rising oil prices and renewed geopolitical tensions weighed on sentiment.The Hang Seng Index fell 212.65 points, or 0.8%, to close at 25,440.17, while the Hang Seng China Enterprises Index lost 81.83 points, or 1.0%, to finish at 8,446.27.Oil prices extended their gains after attacks on shipping by Yemen's Iran-aligned Houthis and a U.S. strike on a container ship heading toward an Iranian port heightened concerns over potential supply disruptions.Brent crude rose 0.6% to $89.46 a barrel, putting it on track for a sixth straight daily gain.Investors looked to Wednesday's U.S. consumer price report for fresh clues on the Federal Reserve's policy outlook, with markets pricing roughly even odds of a rate hike in September.In corporate news, Galaxy Entertainment (HKG:0027) gained nearly 4% after posting higher first-half profit.
Hong Kong stocks opened lower on Wednesday as investors remained cautious ahead of U.S. inflation data and weighed rising oil prices amid uncertainty over efforts to reopen the Strait of Hormuz.The Hang Seng Index fell 0.6%, or 154.43 points, to 25,498.39, while the Hang Seng China Enterprises Index dropped 0.6%, or 48.50 points, to 8,479.60.Wall Street ended lower overnight as oil prices climbed on growing doubts over a potential U.S.-Iran deal to reopen the Strait of Hormuz. Brent crude rose 1.4%, while U.S. crude gained 1.3%.Investors are awaiting the U.S. July consumer price report later Wednesday for clues on the Federal Reserve's interest rate path.
Asian stock markets waffled lower Tuesday, as traders weighed the lengthening impasse regarding an opening of the Strait of Hormuz, and rising oil prices.Hong Kong and Shanghai finished in the red, while Tokyo trading floors were dark on holiday. Other regional exchanges were mixed.Brent crude oil futures traded up 1.9% to $89.40 a barrel during Asian market hours.In Hong Kong, the Hang Seng Index opened evenly but dragged in trading, closing down 1.1% on soft property and tech issues.The broad gauge Hang Seng fell 284.67 to 25,652.82, as losing issues outnumbered gainers 79 to 13. The Hang Seng TECH Index lost 1.9% on the day, while the Mainland Properties Index fell 1.5%.Leading the upside was state oil-giant CNOOC, gaining 3.6%, while Laopu Gold declined 8.5%.On the mainland, the Shanghai Composite fell 0.8% to 3,934.09.In other market news, mainland China humanoid robot-maker Unitree Robotics priced its IPO to raise $904 million, valuing the enterprise at $9 billion, while retail investors oversubscribed the offering by 5,500 times, reported the South China Morning Post.On the other regional exchanges, the S. Korean KOSPI rose 0.7%; the Taiwan TWSE inclined 0.4%; the Australian ASX 200 inclined 0.2%; the Singapore Straits Times Index rose 1%, and the Thai Set declined 0.7%. In late trading in Mumbai, the Sensex was down 0.5%.In other news, the Reserve Bank of Australia kept its benchmark interest rate unchanged at 4.35%, marking the second consecutive policy session with no change.The MSCI All Country Asia Pacific Index fell 0.1%.
Shein is looking to launch its Hong Kong IPO as early as Aug. 19, Reuters reported Tuesday citing two people familiar with the matter.The share sale is being marketed to investors this week, according to the two people and an additional person with knowledge of the matter.The retailing giant is targeting a valuation of $30 billion to $40 billion, according to earlier reports.Shein 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.)
Hong Kong stocks closed lower Tuesday as rising oil prices and renewed uncertainty over a U.S.-Iran peace deal weighed on sentiment.The Hang Seng Index fell 284.67 points, or 1.1%, to close at 25,652.82, while the Hang Seng China Enterprises Index lost 93.74 points, or 1.1%, to finish at 8,528.10.Oil prices climbed Tuesday as stalled negotiations between the United States and Iran over a peace deal and the reopening of the Strait of Hormuz raised concerns over prolonged supply disruptions.Higher energy prices fueled inflation concerns ahead of Wednesday's U.S. inflation report, which could shape expectations for a September Fed rate hike.Markets currently see the odds of a rate hike next month as roughly even.In corporate news, Global New Material International (HKG:6616) fell over 2% after saying it expects a swing to loss in the first half.Meanwhile, Hutchison Telecommunications Hong Kong (HKG:0215) closed over 3% lower despite posting an 83% increase in first-half profit.
Malaysia and Hong Kong will introduce a simplified framework for dual IPO listings next month, The Star reported Tuesday, citing Transport Minister Anthony Loke Siew Fook.The framework follows a July 23 memorandum between Malaysia's Securities Commission and Hong Kong's Securities and Futures Commission that also expanded mutual recognition to ETFs and REITs, according to the report.Loke said Bursa Malaysia's recognition by Hong Kong Exchanges and Clearing as a recognised stock exchange would allow Malaysian-listed companies to seek secondary listings in Hong Kong. He said the new arrangements could give Malaysian companies broader access to Hong Kong's capital market and investor base, The Star said.(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.)
Hong Kong is considering extending proposed tax concessions to proprietary trading firms such as Jane Street and Citadel Securities, the Financial Times reported Tuesday, citing people familiar with the matter.Authorities are reportedly considering changes that could exempt performance-related pay for staff at some trading firms from tax.Officials could also issue guidance to clarify eligibility rather than amend legislation now before the Legislative Council, the report said.The broader reforms would expand carried-interest tax treatment to a wider range of investments, potentially benefiting hedge funds, private equity, venture capital, private credit, and family offices, the report added.(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 Seng Indexes Co. has launched a market consultation on potential changes to the Hang Seng Tech Index methodology, according to a paper published Monday.The proposed changes aim to broaden coverage of the technology theme, refine constituent selection, and expand the number of stocks in the index as Hong Kong's technology sector evolves.Under the proposal, the index would increase to 50 constituents from 30. It would also introduce a two-stream selection process, with 40 stocks selected based on market value and 10 based on sales growth.Subject to the final decision of the HSI Advisory Committee, the changes are expected to be announced by the end of September and implemented in the index review for the period ended Sept. 30.Market participants have until Sept. 18 to submit their responses to the consultation.
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