Hong Kong stocks struck two-month low as investors were rattled by reports of Israeli missiles hitting Iran, and the heightened Middle East tensions triggered a scramble for safe haven assets. The Hang Seng Index lost 1.2 per cent to 16,184.02 at the local noon trading break, the lowest level since February 19. The Tech Index
Published: Feb. 20, 2024 at 2:55 a.m. ET China made its biggest ever cut to mortgage rates on Tuesday, as the authorities try to support the struggling property sector, though the response from stock markets was muted. The People’s Bank of China said that the country’s lenders would reduce their five-year loan prime rate (LPR)
NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund
Fund managers in Hong Kong appear to be baffled by the slump in Chinese stocks after the market’s worst start to a year since 2016. Some bearish investors wished they were wrong about the gloom. “We have met many investors in Hong Kong in the past weeks, and sentiment is poor,” Winnie Wu, head of