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  • Man Wah extends gains on plan for additional share buyback

    HONG KONG -- Sofa and mattress maker Man Wah Holdings gained further ground on the Hong Kong stock exchange on Monday morning amid expectations that additional share buyback will improve the supply-demand balance.The stock opened the day at 6.76 Hon

    June 12, 2017 01:39 pm JST
  • Hong Kong stocks climb for fifth week before Fed meet as AAC, developers rise

    HONG KONG (Nikkei Markets) -- Hong Kong stocks climbed for a fifth straight week, with the property sector leading the way before a near-certain interest-rate increase by the U.S. Federal Reserve and AAC Technologies Holdings surging after dismissin

    June 9, 2017 07:41 pm JST
  • London's stumbles spur Tokyo's financial hub vision

    TOKYO -- Now that London's status as a global financial center is becoming uncertain, Tokyo sees an opportunity and is looking to seize the day. "Speed is the key in the world of finance," Tokyo Gov. Yuriko Koike said in a news conference announcing

    June 9, 2017 06:25 pm JST
  • Asian stocks mostly unscathed after UK election surprise as techs advance

    HONG KONG (Nikkei Markets) -- Asian stocks rose Friday, shrugging off incoming results of U.K. general elections that showed a hung parliament and uncertainty over the nation's Brexit negotiations with the European Union as a distinct possibility.Th

    June 9, 2017 02:41 pm JST
  • In Hong Kong, UK-linked shares slip

    HONG KONG -- Shares of CK Hutchison Holdings, a Hong Kong-based conglomerate, and HSBC Holdings, a London-based financial group, were trending weaker here on Friday.As results of Thursday's general election in the U.K. began rolling in, they showed

    June 9, 2017 02:27 pm JST
  • Chow Tai Fook Jewellery goes suburban, downmarket in China

    HONG KONG -- After three years of sales decline, Chow Tai Fook Jewellery Group, one of the world's biggest jewelry chains, is eyeing two growth opportunities in China -- affluent young shoppers and lower-tier cities in the country.In a bid to divers

    June 9, 2017 12:16 am JST
  • Hong Kong share index tops 26,000 after China data as ECB, Comey awaited

    HONG KONG (Nikkei Markets) -- Hong Kong stocks closed above 26,000 for the first time since July 2015 as upbeat May trade data eased some worries about the Chinese economy.The Hang Seng Index rose 0.3% to 26,063.06. Pacing the advance, Cathay Pacifi

    June 8, 2017 07:53 pm JST
  • Restructuring reports lift Cathay Pacific shares to year-to-date high

    HONG KONG -- Shares in Cathay Pacific Airways rose sharply on Thursday, after it was reported that the Hong Kong-based airline will release a list of its second round of job cuts.At one point, the airline's stock price surged 0.90 Hong Kong dollar,

    June 8, 2017 04:46 pm JST
  • Hong Kong stocks stride higher ahead of action-packed day

    HONG KONG (Nikkei Markets) -- Hong Kong shares edged higher in tentative trading Thursday as investors appeared to wait for key global events in Europe and the U.S. later in the day.The Hang Seng Index added 0.2% to 26,027.44, taking another shot at

    June 8, 2017 02:23 pm JST
  • Hong Kong activists split on how to remember Tiananmen

    HONG KONG For nearly three decades, Hong Kong has kept the candles burning to commemorate the 1989 crackdown in Beijing's Tiananmen Square, in which hundreds of pro-democracy protesters were killed by the Chinese military. This year, however, the li

    June 8, 2017 10:00 am JST
  • Big brewers eye Chinese craft beer

    SHANGHAI It is a Tuesday night, yet World of Beer on Shanghai's Fumin Road is packed with expatriates and locals. The bar is stocked with craft beers from around the world, and manager Jacques Zhu is busy making recommendations -- he has 41 differen

    June 8, 2017 10:00 am JST
  • China surges to world's No. 2 overseas investor

    TOKYO -- An overseas acquisition binge propelled China to the No. 2 spot in outbound investment in 2016, according to a United Nations report published Thursday.The country's foreign direct investment soared 44% last year to a record $183 billion, s

    June 8, 2017 02:00 am JST
  • Muddy Waters CIO's bearish comments rattle Man Wah shares

    HONG KONG -- Carson Block, chief investment officer of U.S. activist investor Muddy Waters Capital, told a conference in Hong Kong on Wednesday afternoon that he is betting against Man Wah Holdings, a sofa and mattress maker headquartered and listed

    June 8, 2017 12:50 am JST
  • Hong Kong index fails 26,000 test for second day as developers, Geely drop

    HONG KONG (Nikkei Markets) -- Hong Kong stocks struggled on Wednesday as concern grew the market may be overheating, with a pullback in property developers offsetting a surge in AAC Technologies Holdings as trading resumed in the Apple-supplier.The

    June 7, 2017 07:19 pm JST
  • New World forced to take its Chinese department store private

    TOKYO -- Hong Kong conglomerate New World Development said Tuesday that it will acquire all shares of its Chinese department store subsidiary and take the company private.The move was aimed at restructuring the group's growth strategy amid worsening

    June 7, 2017 03:30 pm JST
  • Hong Kong share index straddles 26,000 as AAC jumps on trade resumption

    HONG KONG (Nikkei Markets) -- Hong Kong shares held their ground near 23-month highs, helped by a surge in AAC Technologies Holdings as trading resumed in shares of the Apple-supplier following a three-week halt.The Hang Seng Index was little change

    June 7, 2017 02:53 pm JST
  • Short warning sparks sell-off in Hong Kong smartphone stocks

    HONG KONG -- Shares of smartphone-related companies plunged here Tuesday afternoon after a prominent U.S. short-seller hinted at plans to target a particular unnamed stock.Appearing Tuesday on Bloomberg Television, Muddy Waters founder Carson Block

    June 7, 2017 12:51 am JST
  • Malaysia's CIMB teams up with China Galaxy in stockbroking

    KUALA LUMPUR -- Malaysian lender CIMB Group Holdings reached a deal with China Galaxy Securities on Tuesday, hoping to attract some of China's outbound investment.Under a share purchase agreement, China Galaxy will pay 167 million Singapore dollars

    June 6, 2017 11:48 pm JST
  • Apple supplier AAC stock to resume trade Wednesday

    TAIPEI/HONG KONG -- AAC Technologies, which supply acoustics components for iPhones, will resume trade in Hong Kong on Wednesday after its stock plummeted mid-May on allegations of accounting fraud by short-seller Gotham City.On Tuesday, Shenzhen-ba

    June 6, 2017 11:11 pm JST
  • Asia-Pacific upgrading internet connectivity

    SINGAPORE -- Asia-Pacific already boasts some of the fastest internet connectivity in the world and continues to improve as its economies digitize, according to a report by Akamai, a U.S.-based content delivery network and cloud provider.Akamai's qu

    June 6, 2017 11:03 pm JST