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Berkshire Hathaway’s market value hit $1 trillion, reflecting investor confidence in Warren Buffett’s conglomerate, which has outperformed the S&P 500. Photo: AP

As Berkshire Hathaway tops US$1 trillion, Buffett’s legacy reaches new heights

Warren Buffett’s conglomerate joins tech giants like Apple, Nvidia, and Microsoft with a market value of US$1 trillion.

Warren Buffett’s conglomerate joins tech giants like Apple, Nvidia, and Microsoft with a market value of US$1 trillion

Chinese banks buoyant amid stock market tumult

Hong Kong stocks falter before Nvidia test for tech rally, buy-backs temper drop

HKEX hires veteran banker to bring overseas IPOs to Hong Kong

Chui, who has more than two decades of experience in equity capital markets at various global banks, joins the HKEX as managing director and head of global issuer services.

About half of the HKEX’s 2,600 listed companies are from mainland China, which account for 80 per cent of the market’s turnover. Photo: Edmond So

Hong Kong stocks erase losses as Trip.com, EV makers shine amid e-commerce slump

Stocks reversed path after a poor start to trading as consumer-related firms rallied. A record slump in PDD Holdings in New York sparked a sell-off in Chinese e-commerce rivals.

Traders dump China, load up on EM bond ETFs as Fed cuts near

China’s local markets are likely to be avoided for rest of year unless authorities can give clarity on policy, said a Wells Fargo economist.

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China’s ‘broker butcher’ puts on charm to boost confidence, stocks

The CSRC’s boss wants state-run funds and private asset managers to show more buying power, deliver higher returns to shore up market confidence.

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An electronic ticker displays stock figures in Lujiazui Financial District in Shanghai on August 14, 2024. Photo: Bloomberg

Hong Kong stocks extend 3-week winning run as Fed signals imminent rate cut

Investors are turning optimistic after the Federal Reserve’s Jerome Powell signalled on Friday that ‘the time has come for policy to adjust.’

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Opinion | How Hong Kong’s battered stock exchange can earn its reputation back

An influx of listings with weak financial underpinnings would drive away the investors who sought refuge in the city’s stable markets.

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Why China’s 220 million retail investors are shying away from the stock market

Chinese investors shun stocks amid economic uncertainty, preferring bonds, ETFs and luxury homes. Optimism is low despite government efforts to boost market confidence.

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Illustration by Brian Wang

Hong Kong stocks end third straight week on a high

Hang Seng Index closed lower after a pullback on Wall Street and disappointing earnings by Chinese blue chips, but ended the week 1 per cent higher.

Hong Kong stocks fell on Friday on losses in mainland Chinese tech giants. Photo: Shutterstock

Alibaba gains as it swaps Hong Kong listing status to tap China funds

Alibaba, one of China’s largest technology behemoths with HK$1.58 trillion (US$202.7 billion) in value, would be very likely to make the cut, clearing the way for mainland investors to take their first bite on September 9.

Guosen plans to buy Vanho, heeding China’s call to combine brokers

Shenzhen’s regulator of state-owned assets pushes move under Beijing’s effort to create bigger firms to compete with global leaders.

Hong Kong stocks rise on upbeat Xiaomi, AIA earnings; JD.com leads tech rebound

The Hang Seng Index has added 1.2 per cent since last Friday, putting it on track for a third consecutive week of gains.

Hong Kong stocks rallied on Thursday after two days of losses. Photo: Sun Yeung

Philippines’ Digiplus thrives as world’s top gambling stock, despite ban on Pogos

DigiPlus shares are up 151 per cent, and have been unaffected by the Philippines offshore ban, though lawmakers are reviewing potential regulations on local online gambling.

The world’s hottest gambling stock, Digiplus, is flourishing despite a ban on offshore betting in the country. Photo: Shutterstock

JD.com sinks 8.7% in Hong Kong as Walmart dumps shares in blow to tech stocks

A slump in Chinese tech stocks erased all of this week’s advance in the Hang Seng Index. JD.com led losses, after Walmart dumped its stake in JD.com’s US-listed shares for US$3.6 billion.

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Online brokerage Webull targets young Asian traders ahead of IPO

Set to raise US$100 million in a Nasdaq listing through a SPAC deal, the company eyes Southeast Asia’s young, mobile-savvy population for growth.

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Hong Kong hedge fund SVI closes China stock bets

The hedge fund manager intends to use its own capital and investment from new strategic partners to form a multifamily office.

A view of Hong Kong’s skyline from the harbourfront in Tsim Sha Tsui on August 18, 2024. Photo: May Tse

Alibaba, Tencent weigh on Hong Kong stocks amid lack of catalysts

With China leaving its benchmark lending rates untouched as expected, investors patiently await developments on the Federal Reserve front.

Alibaba’s long-awaited China stock link may provide timely boost

The new source of funds via the so-called southbound link could support the firm’s shares, which have underperformed rival Tencent Holdings.

China’s stock traders cannot gauge mood as regulator cuts access to data

The Shanghai and Shenzhen exchanges will only publish limited information once per day of trading conducted via the northbound link of the Stock Connect scheme.

China’s US$8.3 trillion stock market has seen an exodus of foreign investors in recent months. Photo: Bloomberg

Tech giants boost Hong Kong stocks as investors eye Fed’s Jackson Hole meet

The benchmark Hang Seng Index maintains positive momentum as traders brace earnings season in Hong Kong and Fed’s rate move.

Hong Kong stocks rose on Monday led by Baidu, Xiaomi and JD Health. Photo: Bloomberg

Hong Kong exchange’s proposal on dividend policy disclosure gains support

Market players say the idea offers transparency that will buttress investor confidence. But an HKEX proposal to place caps on the tenure of independent directors receives a mixed response.

ASMPT, J&T to benefit from latest review of Hang Seng indices as SenseTime exits

The city’s stock index compiler made no changes to the Hang Seng Index, while adding chip equipment maker ASMPT to its tech gauge at the expense of Ping An Healthcare

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World’s biggest hedge fund cuts China stocks amid US, Japan rally

The US hedge fund’s holdings of Chinese stocks listed in the US have declined by 80 per cent in value since September 2022, according to filings

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An electronic ticker displays stock figures in Shanghai on August 7, 2024. Photo: Bloomberg

Hong Kong stocks rise for second week on earnings, PBOC support pledge

China’s central bank will prepare more ‘incremental policy measures’ to make sure the economy hits its growth target, its governor said.

Exchange Square in Central, Hong Kong, home of the city’s bourse operator, pictured on July 26, 2024. Photo: Bloomberg

Market regulator’s alleged links with billionaire group sparks row in India

Opposition’s call for parliamentary probe could put government in an awkward position, but analysts say market fallout may be unlikely.

China’s stock turnover hits 4-year low as traders await stimulus

The slump in turnover mirrors subsiding interest in onshore stocks, as traders remain unimpressed by cuts to the policy loan rate and the loan prime rate following a Politburo meeting last month.

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Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
last updated:
27 August, 2024
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