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Hang Seng Index

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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.

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Asia

Hong Kong Stocks Edge Higher Ahead of US Inflation Data

Hong Kong stocks opened higher on Tuesday as Asian markets advanced, with investors awaiting U.S. inflation data for clues on the Federal Reserve's interest rate path.The Hang Seng Index rose 0.2%, or 61.10 points, to 25,998.59, while the Hang Seng China Enterprises Index gained 0.4%, or 32.22 points, to 8,654.06.Wall Street ended slightly lower overnight as investors weighed the outlook for U.S. interest rates and a potential deal between Washington and Tehran to reopen the Strait of Hormuz.Oil prices jumped about 5% as uncertainty over the waterway persisted.Investors are now focused on U.S. July inflation data due Wednesday, with a softer reading likely to ease expectations for a Federal Reserve rate hike.

Hang Seng
International

Federal Reserve Outlook Lifts Asian Stock Markets

Asian stock markets gained ground Monday, as traders embraced the reduced outlook for pending Federal Reserve rate hikes, following Friday's unexpectedly soft US jobs report from Washington.Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.Brent oil futures rose 0.9% to $84.32 a barrel, during Asian market hours.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 2.1% on the US central bank outlook, and as a weaker yen boosted export issues. Heavyweight technology shares also extended gains.The benchmark Nikkei 225 rose 1,363.51 to 66,970.22, as gaining issues outnumbered losers 120 to 102.Leading the upside was staffing-agency Recruit, up 22.8%, while CyberAgent declined 16.7%, with both moves following earnings reports.In economic news, a summary of opinions of the Bank of Japan's July 30-31 policy meeting revealed that some board members discussed raising interest rates to curb inflation.Also, Japan's services Economy Watchers Survey rose to 45.7 in July from 44.0 June, reported the Cabinet Office.In Hong Kong, the Hang Seng Index opened higher and held ground, closing up 1.1% as investors banked on lower odds of a pending tighter money supply in Washington.The broad gauge Hang Seng rose 269.46 to 25,937.49, as gaining issues outnumbered losers 79 to 13. The Hang Seng TECH Index gained 1.3% on the day, while the Mainland Properties Index rose 1.1%.Leading the upside was Laopu Gold, gaining 12.4%, while China Life Insurance declined 2.6%.On the mainland, the Shanghai Composite rose 0.6% to 3,966.59.On the other regional exchanges, the S. Korean KOSPI rose 0.7%; the Taiwan TWSE inclined 1.6%; the Australian ASX 200 declined 0.3%, and the Thai Set inclined 0.8%. In late trading in Mumbai, the Sensex was steady, and trading floors were dark in Singapore on holiday.The MSCI All Country Asia Pacific Index rose 0.5% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Rise on Softer China Inflation; Auntea Jenny Falls 23%

Hong Kong stocks closed higher on Monday as weaker Chinese inflation data raised expectations for additional policy support to boost domestic demand.The Hang Seng Index gained 269.46 points, or 1.1%, to close at 25,937.49, while the Hang Seng China Enterprises Index rose 90.26 points, or also 1.1%, to 8,621.84.China's consumer inflation slowed to 0.5% in July from 1% in June, while producer prices also fell more than expected, pointing to continued weakness in domestic price pressures.Investors also monitored oil prices and awaited U.S. inflation data due Wednesday.In corporate developments, Kinetic Development Group (HKG:1277) jumped 9% after forecasting an up to a 40% year on year increase in first-half net profit to 730 million yuan to 780 million yuan.Auntea Jenny (HKG:2589) plunged more than 23% after certain shareholders extended restrictions on selling their shares until Nov. 7.

Hang Seng
International

Asia Week Ahead - Inflation Prints; GDP; Export, Import Data

For the Week Ahead in Asia, inflation data will be in focus as investors gauge the region's economic momentum.China released inflation data over the weekend, with consumer and producer inflation decelerating to 0.5% and 3.5%, respectively, in July.The week opens with Bank of Japan's minutes of the July 30-31 meeting, with Tuesday seeing Malaysia's industrial output.Mid week, India will release inflation figures, with South Korea's July unemployment rate and Singapore's revised Q2 GDP also on the calendar.Japan will publish producer price data on Thursday, with South Korea's export and import prices for July and India's wholesale price inflation set to be published Friday.MONDAY, AUG. 10Bank of Japan policymakers see room for further rate hikes as inflation moves toward the 2% target, while some members favored holding rates steady to assess past increases, according to the minutes of the July 30-31 meeting released Monday.Officials projected moderate economic growth and gradual inflation acceleration through fiscal 2027.TUESDAY, AUG. 11Indonesia's retail sales are forecast to increase 1.8% in June, according to Trading Economics.Malaysia will release industrial output data.WEDNESDAY, AUG. 12India's inflation is projected to remain unchanged at 4.4% in July based on market forecasts, according to ING.An increase of over 4% in daily food-price data in July may lead to a minimal rise in headline inflation to 4.5%, the Wall Street Journal reported, citing ANZ Research analyst Dhiraj Nim.South Korea's unemployment rate is expected to rise to 2.8% in July from 2.7% in June, according to a projection by Trading Economics.UOB Senior Economist Alvin Liew expects Singapore's GDP for the second quarter to be revised to 5.8% conditional on unchanged construction and services growth, the WSJ reported. GDP stood at 5.7% according to advance estimates released in July.Elsewhere, sentiment among major Japanese manufacturers is forecast to see a slight boost, with the Reuters Tankan manufacturing index increasing to 14 points in August from 13 points in July, according to Trading Economics.The country is also expected to see machine tool orders increase 42% in July, compared with 52.8% previously, a Trading Economics forecast revealed.THURSDAY, AUG. 13Japan's producer prices are projected to rise to 7.5% year over year in July from 7.1% previously, according to a consensus of experts at ING.The forecast was based on higher input costs amid a rise in energy prices, a weaker yen, and import costs.FRIDAY, AUG. 14South Korea will release export and import data for July.Export prices are expected to rise 55%, compared with 48.9% previously, while import prices will likely increase 31%, up from 20.6%, according to a Trading Economics forecast.India will publish wholesale price inflation figures for the month of July, with a Trading Economics consensus pointing to a rise of 10.25% in July from 9.87% previously.Malaysia will publish revised GDP figures for Q2, with DBS economists projecting growth of more than 5%, the WSJ said.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: Shein Seen Worth Up to $25 Billion Ahead of Hong Kong IPO

Shein could fetch a valuation of $22 billion to $25 billion based on its fast-fashion business, Bloomberg reported Monday, citing Bloomberg Intelligence.The estimate is below the $30 billion to $40 billion valuation the company is reportedly seeking for its Hong Kong IPO and less than half its $66 billion valuation in a 2023 funding round, the report noted.Bloomberg Intelligence based its valuation on 13 to 15 times projected 2027 earnings, when it expects profit to recover to about $1.67 billion following weaker results in 2026, Bloomberg said, citing consumer and technology analysts Catherine Lim and Jason Zhu.Shein's China-based supply chain and overseas revenue leave it exposed to tariffs, shipping costs and regulatory risks, which could limit the premium investors are willing to pay, the report 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.)

Hang Seng
Asia

Hong Kong Stocks Open Higher as US Fed Rate-Hike Bets Ease

Hong Kong stocks opened higher on Monday as softer U.S. jobs data eased expectations for a near-term Federal Reserve rate hike, lifting sentiment across Asian markets.The Hang Seng Index rose 0.5%, or 137.15 points, to 25,805.18, while the Hang Seng China Enterprises Index gained 0.6%, or 52.24 points, to 8,583.82.Wall Street closed at record highs on Friday after weaker-than-expected U.S. jobs data boosted hopes that the Federal Reserve would keep interest rates unchanged in the near term.Oil prices edged higher as progress toward reopening the Strait of Hormuz remained limited. Brent crude rose 0.9%, while U.S. crude gained 0.7%.

Hang Seng
International

Hong Kong's July-End Forex Reserves Rise to $447.8 Billion

Hong Kong's official foreign currency reserve assets rose to $447.8 billion as of the end of July from $445.9 billion as of end-June, the Hong Kong Monetary Authority said in a Friday release.The reserve assets represent over five times the currency in circulation, or roughly 38% of Hong Kong dollar M3.

Hang Seng
International

China Trade Results, Persian Gulf Uncertainties Roil Asian Stock Markets

Asian stock markets churned on Friday, as strong trade figures from Beijing boosted China-exposed exchanges, but other trading floors tracked lower on tech-sector weakness and Persian Gulf concerns.Hong Kong and Shanghai gained ground, while Tokyo finished in the red, as did most other regional markets.In Japan, the Nikkei 225 opened evenly, waffled, and finished off 0.1% as broad-market gains nearly offset declines in tech shares.The benchmark Nikkei 225 fell 76.55 to 65,606.71, although gaining issues outnumbered losers 148 to 74.Leading the upside was Mitsubishi Materials, up 15.7%, while online medical-services provider M3 declined 16.9%, with both moves following earnings releases.In economic news, Japan household spending in June dropped 3.3% on-year, reported the Ministry of Internal Affairs & Communications.In Hong Kong, the Hang Seng Index opened lower but gained ground, closing up 0.5% after a trade report from Beijing indicated exports were rising.The broad gauge Hang Seng rose 137.75 to 25,668.03 although losing issues outnumbered gainers 47 to 44. The Hang Seng TECH Index gained 0.8% on the day, while the Mainland Properties Index rose 0.6%.Leading the upside was Wuxi Biologics, gaining 10.8%, while pork purveyor WH Group declined 3.1%.On the mainland, the Shanghai Composite rose 1% to 3,940.04In economic news, China's exports in July rose 23.9% on-year to $397.85 billion, and imports gained 27.5% to $285.35 billion, resulting a monthly trade surplus of $112.50 billion, reported the Customs Administration.On the other regional exchanges, the S. Korean KOSPI fell 0.6%; the Taiwan TWSE declined 0.4%; the Australian ASX 200 declined 0.1%; the Singapore Straits Times Index rose 1.1%, and the Thai Set declined 0.2%. In late trading in Mumbai, the Sensex was down 0.6%.The MSCI All Country Asia Pacific Index rose 0.1% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Close Higher Ahead of US Jobs Data; NASN Tech Shines on Debut

Hong Kong stocks closed higher Friday as investors looked past renewed geopolitical tensions while awaiting key U.S. jobs data for clues on the Federal Reserve's interest rate path.The Hang Seng Index rose 137.75 points, or 0.5%, to close at 25,668.03, while the Hang Seng China Enterprises Index gained 32.85 points, or 0.4%, to finish at 8,531.58.Technology stocks advanced as investors continued to assess the outlook for artificial intelligence spending, shrugging off recent volatility after another week of mixed earnings from major U.S. chipmakers and tech companies.Investors also awaited the U.S. nonfarm payrolls report later in the day, with the data expected to shape expectations for the Federal Reserve's September policy meeting.Futures markets are pricing the odds of a September rate hike at roughly even.In corporate news, NASN Intelligent Tech (HKG:2261) closed over 64% higher at HK$17.10 in its Hong Kong trading debut, compared with the offer price of HK$10.42.

Hang SengHKG:2261
Commodities

Market Chatter: PBOC Adds More Gold Reserves in Hong Kong to Boost Trading Hub

The People's Bank of China is adding more gold reserves in Hong Kong over the past few months, Bloomberg reported Friday, citing people familiar with the matter.PBOC's move is seen to help the city become a bullion trading hub and also fuels a trend of returning its gold reserves to Hong Kong from London, according to the newswire, citing the sources.The world's central banks store a portion of their gold reserves in London to facilitate lending of the precious metal to commercial banks, Bloomberg said.The People's Bank of China, the State Administration of Foreign Exchange, and Hong Kong's Financial Services and the Treasury Bureau did not immediately respond to requests for comment from.(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 SengShanghai Composite^SZSE
Asia

Hong Kong Stocks Little Changed at Open

Hong Kong stocks were little changed at the open on Friday as investors awaited the U.S. nonfarm payrolls report while monitoring renewed tensions in the Middle East.The Hang Seng Index edged down 3.63 points to 25,526.65, while the Hang Seng China Enterprises Index gained 9.30 points to 8,508.03.Brent crude climbed nearly 4% after reports that an Iranian parliamentary committee was reviewing a bill that could restrict U.S. and Israeli vessels from transiting the strategic waterway.Investors are now awaiting the U.S. nonfarm payrolls report later on Friday for fresh clues on the Federal Reserve's interest rate outlook.Markets continue to assess whether resilient labor market conditions could keep the prospect of a September rate hike on the table.

Hang Seng
International

Tech Caution, New Insurance Taxes Dent Asian Stock Markets

Asian stock markets tracked unevenly lower Thursday as traders again mulled tech-sector values and monitored Persian Gulf developments. Insurance stocks were pressured after China tax authorities confirmed plans to place levies on certain policies held in Hong Kong.Hong Kong and Tokyo finished in the red, although Shanghai bucked trends to gain ground. Seoul's KOSPI index lost 4.6% in a fresh semiconductor-sector slide.Brent crude oil futures held steady at under $80 barrel, during Asian market hours.In Japan, the Nikkei 225 opened lower on Wall Street cues and could not recover, finishing off 0.9%.The benchmark Nikkei 225 fell 617.18 to 65,683.26, although gaining issues outnumbered losers 168 to 45, as declines were somewhat confined to AI- and semiconductor-sector shares.Leading the upside was industrial-automation outfit Omron, up 15% after reporting earnings, while semiconductor components-maker Taiyo Yuden declined 11%.In Hong Kong, the Hang Seng Index opened lower and drifted south, closing down 1.5% on weakness in tech shares, and concerns regarding new mainland China taxes on certain insurance policies.The broad gauge Hang Seng fell 385.54 to 25,530.28, as losing issues outnumbered gainers 69 to 24. The Hang Seng TECH Index lost 2.3% on the day, while the Mainland Properties Index fell 0.6%.Leading the upside was Wharf Real Estate, gaining 13.7% after reporting earnings, while insurer AIA declined 5.9%.Chinese mainland tax authorities have begun enforcing a flat 20% personal income tax on gains or income obtained in offshore Hong Kong insurance policies, the South China Morning Post reported.On the mainland, the Shanghai Composite rose 0.6% to 3,900.35, as resource issues gained.On the other regional exchanges, the Taiwan TWSE declined 0.5%; the Australian ASX 200 inclined 0.5%; the Singapore Straits Times Index rose 1%, and the Thai Set inclined 0.3%. In late trading in Mumbai, the Sensex was up 0.5%.The MSCI All Country Asia Pacific Index fell 1.2% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Hong Kong Stocks Fall as Tech Shares Retreat; Swire Properties Slips Despite Profit

Hong Kong stocks closed lower Thursday as technology shares retreated, with investors turning cautious after the previous session's AI-driven rally.The Hang Seng Index fell 385.54 points, or 1.5%, to close at 25,530.28, while the Hang Seng China Enterprises Index lost 105.00 points, or 1.2%, to finish at 8,498.73.Technology shares came under pressure after a weaker session on Wall Street, where post-earnings declines prompted investors to reassess lofty expectations for artificial intelligence spending.Investors also looked ahead to Friday's U.S. nonfarm payrolls report after weaker-than-expected private payrolls data reinforced expectations that the Federal Reserve will keep interest rates unchanged for now.Futures markets are pricing in a 54% chance of a rate hike in September, according to the CME FedWatch Tool, Reuters reported.In corporate news, Swire Properties (HKG:1972) fell over 4% despite returning to a first-half attributable profit.

Hang SengHKG:1972
Asia

Hong Kong Stocks Open Lower as Tech Weakness Weighs

Hong Kong stocks opened lower on Thursday as weakness in technology shares outweighed easing oil prices and optimism over progress in U.S.-Iran peace talks.The Hang Seng Index fell 1%, or 248.68 points, to 25,667.14, while the Hang Seng China Enterprises Index dropped 0.6%, or 48.10 points, to 8,555.63.Wall Street ended mixed overnight as losses in technology shares dragged the Nasdaq lower, while the Dow Jones Industrial Average closed at another record high.Oil prices eased after reports of progress toward a potential agreement to end the conflict between the United States and Iran.Investors also digested weaker-than-expected U.S. private payrolls data, which lowered expectations of a September Federal Reserve rate hike.

Hang Seng
International

Tech Rallies, Oil Outlooks Lift Asian Stock Markets

Asian stock markets rallied on Wednesday on overnight Wall Street cues, as tech traders toggled "risk on" on hopes for a Persian Gulf settlement, and lower crude prices.Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.Front month Brent oil futures traded near $81 a barrel during Asian market hours, down from near $86 a barrel on Tuesday.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 3.7% after US Treasury Secretary Scott Bessent said an arrangement to open the troubled Strait of Hormuz could be reached by the end of the week.The benchmark Nikkei 225 rose 2,342.91 to 66,300.44, as gaining issues outnumbered losers 151 to 71.Leading the upside was semiconductor-components maker Ibiden, up 25.5%, while Yokogawa Electric declined 10%, with both moves following earnings releases.In economic news, average cash earnings in Japan increased by 3.4% on-year in June, reported the Ministry of Health, Labor and Welfare.The Japan final composite purchasing managers index (PMI), a combination of the manufacturing and services sectors, logged at 52.7 in July, down from 52.8 in June, but for the 16th-straight month it still notched above the 50-mark that separates growth from contraction.In Hong Kong, the Hang Seng Index opened evenly, waffled, but closed up 0.2% on strength in tech issues.The broad gauge Hang Seng rose 62.90 to 25,915.82, as gaining issues outnumbered losers 47 to 44. The Hang Seng TECH Index gained 1% on the day, while the Mainland Properties Index was flat.Leading the upside was mining-concern CMOC, gaining 8.6%, while bank HSBC declined 2.6%.On the mainland, the Shanghai Composite rose 1.5% to 3,878.43.In economic news, China's composite PMI fell to 50.8 in July from 53.6 in June, marking the lowest reading since July of a year ago.On the other regional exchanges, the S. Korean KOSPI rose 3.8%; the Taiwan TWSE inclined 2.9%; the Australian ASX 200 inclined 0.9%; the Singapore Straits Times Index fell 0.6%, and the Thai Set declined 0.4%. In late trading in Mumbai, the Sensex was up 0.1%The MSCI All Country Asia Pacific Index rose 2.1% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Market Chatter: Chinese AI Startup Evoken Eyes Hong Kong IPO

Chinese startup Evoken, which developed AI design platform Lovart, is looking into a Hong Kong IPO, Bloomberg reported citing people familiar with the matter.The company is reportedly in early-stage talks with advisers regarding a potential listing, the people said, asking not to be named.A deal to raise funds, which would value Evoken at $3 billion, is reportedly in sight.However, no final decisions regarding an initial public offering have yet been made, Bloomberg said citing the people.The companies could not immediately be contacted 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 Seng
Asia

Market Chatter: X Square Robot Files Confidentially for Hong Kong IPO

Chinese robotics start-up X Square Robot has confidentially filed for a Hong Kong initial public offering, South China Morning Post reported on Wednesday, citing two sources familiar with the matter.The company has appointed Morgan Stanley and Huatai Securities as sponsors for the potential listing, one of the sources reportedly told SCMP.The Shenzhen-based start-up joins other Chinese robotics firms, including AgiBot and Galbot, which have also reportedly filed confidentially for Hong Kong IPOs, as companies in the sector seek capital market funding despite new U.S. trade restrictions, SCMP noted.X Square 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.)

Hang Seng
Asia

Hong Kong Stocks Edge Higher; Cathay Pacific Climbs on Profit Surge

Hong Kong stocks edged higher Wednesday as easing oil prices and optimism over continued artificial intelligence spending supported sentiment.The Hang Seng Index marginally rose 62.90 points, or 0.2%, to close at 25,915.82, while the Hang Seng China Enterprises Index gained 29.47 points, or 0.3%, to finish at 8,603.73.Technology shares found support after strong U.S. corporate earnings reinforced confidence in continued investment in artificial intelligence infrastructure.Oil prices extended their decline on hopes of progress toward reopening the Strait of Hormuz after Qatar said mediators were making headway in efforts to end the U.S.-Iran conflict.In corporate news, Cathay Pacific Airways (HKG:0293) closed nearly 3% higher after posting a 71% jump in first-half attributable profit.Meanwhile, Estun Automation (HKG:2715, SHE:002747) gained over 4% after saying its units, Estun Robot and Dingtong Electromechanical, will acquire collaborative robot developer Estun Codroid for 487.1 million yuan.

Hang SengHKG:0293HKG:2715SHE:002747
Treasury

China Sells Long-Term Bonds in Hong Kong

China sold 1 billion yuan each in 15-year and 30-year bonds in Hong Kong, according to a notice by the Finance Ministry released Wednesday.The 15-year bonds have an interest rate of 1.99%, and the 30-year bonds have a 2.24% interest rate.China also sold 5 billion yuan in 2-year, 1.27% bonds, 4 billion yuan of three-year bonds with a 1.3% interest, and another 4 billion yuan of bonds with a five-year maturity.

Hang SengShanghai Composite^SZSE
Asia

Market Chatter: PalmPay Weighs Hong Kong IPO After $1 Billion Valuation

Africa-focused fintech PalmPay is preparing for a potential Hong Kong initial public offering after securing a valuation of more than $1 billion in an ongoing funding round, Bloomberg News reported, citing people familiar with the matter.The company is in talks to raise about $200 million in the financing round, according to the report.PalmPay, which focuses on Nigeria's payments market, has reportedly held preliminary discussions with prospective investors in recent months to raise growth capital.While the fundraising is at an advanced stage, talks on a Hong Kong listing remain ongoing, with the size, timing, and valuation yet to be determined, Bloomberg reported.PalmPay did not immediately respond to MTNewsires' 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.)

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