Post Tagged with: "Markets & Investing"

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Hong Kong and Chinese stocks struggled for direction on Thursday, ending the session with marginal losses, as Apple suppliers were hammered after the smartphone giant slashed its revenue outlook based on weaker-than-expected iPhone sales in China. The Hang Seng Index closed down 0.35 per cent, or 87.74 points, at 25,042.61. […]

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, a state monopoly that is by far the biggest cigarette maker in the world, plans to list its international unit on the Hong Kong stock exchange even as pressure increases on the government to curb smoking. The unit, China Tobacco International, is primarily responsible for procuring overseas […]

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold pierced the US$1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures spiked as much as 0.4 per cent […]

Hong Kong stocks down a wretched 14 per cent in 2018 ? the worst performance in 7 years

Hong Kong stocks down a wretched 14 per cent in 2018 ? the worst performance in 7 years

Hong Kong stocks dropped 13.6 per cent during 2018 ? the worst performance in seven years ? despite surging on the last trading day on the back of signals of trade talk progress. About HK$4.5 trillion (US$575 billion) in market capitalisation was wiped out since the beginning of the year, […]

Hong Kong mall operators report solid visitor numbers and sales growth during Christmas

Hong Kong mall operators report solid visitor numbers and sales growth during Christmas

Footfall and retail spending at major shopping malls in Hong Kong managed to defy gloomy expectations this holiday season, with initial data pointing to solid year-on-year growth over Christmas, according to mall operators. Sun Hung Kai Properties (SHKP) reported 9 million visitors at its 15 major shopping malls during the […]