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  • Hong Kong shares defy Moody's downgrades to snap up third weekly gain

    HONG KONG (Nikkei Markets) -- Hong Kong shares cruised higher for a third week as a rally by heavyweight Tencent Holdings and insurers combined with positive U.S. cues to overshadow Moody's Investors Service's downgrades of Chinese and Hong Kong cre

    May 26, 2017 07:52 pm JST
  • Hong Kong shares flat as oil slump counters positive US stock cues

    HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed as a slump in oil prices that dragged energy producers lower eroded gains stemming from Wall Street's sixth consecutive day higher.The Hang Seng Index was up less than 0.1% at 25,637

    May 26, 2017 03:14 pm JST
  • Geely underlines global ambitions in wake of Proton deal

    HONG KONG -- Top management of the listed arm of Zhejiang Geely Holding said they hope to turn the carmaker into a global player, just a day after its parent company announced a deal to acquire a 49.9% stake in Malaysia's struggling Proton Holdings.

    May 26, 2017 01:12 am JST
  • Hong Kong shares set fresh 22-month peak as Lenovo, developers climb

    HONG KONG (Nikkei Markets) -- Hong Kong shares scaled fresh 22-month highs as investors interpreted discussions at the U.S. Federal Reserve's latest meeting as suggesting the central bank may raise rates in June, but remain cautious beyond.The Hang

    May 25, 2017 07:19 pm JST
  • Mainland ties drag down Hong Kong credit score

    HONG KONG - A day after China's sovereign debt rating downgrade, Hong Kong, by virtue of its links with the mainland, also saw its credit rating fall, despite robust fiscal strength.Credit agency Moody's on Thursday cut the special administrative re

    May 25, 2017 04:00 pm JST
  • Hong Kong shares head for fifth advance after Fed meeting minutes

    HONG KONG (Nikkei Markets) -- Hong Kong shares set course for a fifth day higher following a decline in U.S. bond yields and the dollar after the Federal Reserve's meeting minutes reinforced expectations of a rate increase next month, but signaled c

    May 25, 2017 03:34 pm JST
  • Asian companies shine in Forbes Global 2000

    TOKYO -- Chinese banks topped the list and a slew of Asian corporations were featured in the Forbes Global 2000 ranking of the world's largest and most powerful public companies, reflecting the region's growing economic clout.Industrial and Commerci

    May 25, 2017 02:30 pm JST
  • Company in focus: Hong Kong's MTR gets praise abroad but criticism at home

    HONG KONG Long before any talk of belts and roads, MTR looked beyond the territory for expansion.But it was not until recently that the monopoly operator of Hong Kong's profitable metro system said it wanted to do business in Southeast Asia. With a

    May 25, 2017 10:00 am JST
  • Singapore Airlines and Cathay Pacific set a new course for survival

    SINGAPORE The rise of budget airlines and powerful emerging carriers from the Middle East and China is forcing two of Asia's best-known players, Singapore Airlines and Hong Kong's Cathay Pacific Airways, to rethink the way they do business.Singapore

    May 25, 2017 10:00 am JST
  • Guarded optimism greets China's Bond Connect program

    HONG KONG As part of efforts to internationalize its currency and fledgling capital market, China has announced a new channel for foreign investors to access its $9 trillion onshore debt market via Hong Kong. But the so-called Bond Connect is unlike

    May 25, 2017 10:00 am JST
  • Chinese state-owned bank spinoffs continue

    HONG KONG Instead of seeing fresh names coming forward, Hong Kong's listing market so far this year has been largely a case of deja vu, with the bigger deals mostly being launched by established Chinese corporations seeking to capitalize on their as

    May 25, 2017 10:00 am JST
  • Japan welcomes a record number of tourists in April

    TOKYO Summer is on its way and Japan's tourism industry has plenty to smile about. The number of foreign visitors to the country topped 2.57 million in April, the highest ever total for a single month.The figure represents a 23.9% rise from a year e

    May 25, 2017 10:00 am JST
  • Hong Kong shares erase losses, shrugging off Moody's China downgrade

    HONG KONG (Nikkei Markets) -- Hong Kong shares managed to squeeze out a fourth consecutive advance as traders seemed to take Moody's Investors Service's downgrade of China's credit ratings in their stride. Cathay Pacific Airways and property develop

    May 24, 2017 07:45 pm JST
  • Hong Kong shares edge lower after Moody's cuts China rating

    HONG KONG (Nikkei Markets) -- Hong Kong shares fell after Moody's Investors Service downgraded China's sovereign rating by a notch on concern over eroding financial strength and slowing growth potential. Shanghai equities headed toward a seven-month

    May 24, 2017 02:02 pm JST
  • Hong Kong shares perched at 22-month highs thanks to casinos, insurers

    HONG KONG (Nikkei Markets) -- Hong Kong shares crept up to new 22-month highs on Tuesday, as gains by casino operators and insurers helped overshadow losses for the city's property developers.The Hang Seng Index added less than 0.1% to 25,403.15, it

    May 23, 2017 08:00 pm JST
  • Tingyi shares fall sharply due to thinner profit margin

    HONG KONG -- Tingyi Holding shares on Tuesday extended losses, a day after the Taiwanese food and beverage maker reported that its gross profit margin for the January-March quarter was not quite as fat as a year earlier.Shares fell 0.450 Hong Kong d

    May 23, 2017 04:00 pm JST
  • Hong Kong shares extend gains as caution over US politics eases

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for a third day higher as investor concern about U.S. political uncertainty showed further signs of easing after Wall Street equities extended gains.The Hang Seng Index rose 0.3% to 25,461.43 by

    May 23, 2017 02:48 pm JST
  • Cathay Pacific shares mixed on additional job cuts report

    HONG KONG -- Shares in Cathay Pacific Airways had mixed movements in Tuesday's trading on the Hong Kong stock exchange after a report emerged that Hong Kong's main carrier is planning additional job cuts.The share price on Tuesday moved up and down

    May 23, 2017 01:53 pm JST
  • Brokerage shares slump as China blocks off 'channel' ops

    HONG KONG -- Chinese authorities have begun cracking down on brokerages engaged in the profitable business of helping banks keep inconvenient loans or assets off the books, sparking a broad slide among Shanghai-listed securities firms Monday.CITIC S

    May 23, 2017 12:08 am JST
  • Financials, Tencent take Hong Kong shares to 22-month highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares revisited their highest levels since July 2015 on Monday, spurred by gains in financial stocks and heavyweight Tencent Holdings after a recovery on Wall Street soothed sentiment.The Hang Seng Index adva

    May 22, 2017 07:47 pm JST