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  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • Business Insight

    Noble Group humbled by mercurial founder's misjudgment

    For decades, there was no better way to profit from the rise of value-added manufacturing in Asia, particularly in China, than to invest in Singapore's Noble Group. Its ships tied the region's supply chains together as they transported raw materials

    August 6, 2017 12:49 pm JST
  • Hong Kong landlord to build millennial-friendly offices with running track

    HONG KONG -- Hong Kong landlord Hysan Development is testing the millennial waters -- with its latest attempt to build a 32-storey office complex that comprises a rooftop running track, sports and wellness facilities, in the heart of a bustling shop

    August 5, 2017 06:50 pm JST
  • Buyer of Peninsula Hotels stake tries pre-empting takeover talk

    HONG KONG -- Hongkong and Shanghai Hotels' new second-largest shareholder is not attempting a hostile takeover, he assured the operator of Peninsula Hotels in a letter whose existence was revealed Friday.The missive came from Chua Hwa Por of Singapo

    August 5, 2017 06:38 am JST
  • Nikkei Asia300 index posts weekly gains on Chinese stock gains

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose this week, as optimism over earnings lifted mainland Chinese companies.The Nikkei Asia300 index ended little changed at 1,292.76 on Friday. For the week, it rose 0.4%. Suning Commerce

    August 4, 2017 08:43 pm JST
  • Shares in Chinese coal producers surge on industry leader's production cut

    HONG KONG -- Shares in Chinese coal producers surged on Friday following the announcement of a cut in production by the nation's industry leader China Shenhua Energy.The coal company said Thursday night that it had temporary suspended or reduced coa

    August 4, 2017 08:43 pm JST
  • Hong Kong stocks record fourth weekly gain, riding on earnings expectations

    HONG KONG (Nikkei Markets) -- Hong Kong shares completed a fourth straight weekly advance on Friday as an optimistic earnings outlook helped tamp down concerns about rising equity valuations.The Hang Seng Index clinched a 2.2% gain during the week,

    August 4, 2017 07:27 pm JST
  • Market reaction divides on Li Ka-shing companies

    HONG KONG -- CK Hutchison Holdings weakened in Hong Kong stock trading Friday, temporarily logging a fall of 5.20 Hong Kong dollars, or 4.79%, from the previous day's close to HK$103.30.Investors sold CK Hutchison shares to lock in profit following

    August 4, 2017 06:20 pm JST
  • Hong Kong stocks waver as CK Property, Hutchison diverge after results

    HONG KONG (Nikkei Markets) -- Hong Kong shares struggled for direction as investors considered mixed cues from Wall Street and earnings reports from some blue-chip local companies.The Hang Seng Index added less than 0.1% to 27,541.71 by noon after c

    August 4, 2017 02:22 pm JST
  • Chinese companies turn corner on credit ratings

    HONG KONG -- Chinese companies are finally being graded more positively after garnering net negative rating actions for five successive quarters, according to credit agency S&P Global. Yet the budding uptrend -- largely on the back of recovering com

    August 4, 2017 02:06 am JST
  • Li Ka-shing's CK Hutchison buoyed by European recovery

    HONG KONG -- Hong Kong's richest man, Li Ka-shing, is reaping dividends from his global ventures as his sprawling conglomerate CK Hutchison Holdings posted higher first-half earnings, lifted by a telecommunications joint venture in Europe. The 89-ye

    August 4, 2017 01:21 am JST
  • Nikkei Asia300 index falls as South Korean stocks drop on tax proposals

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan declined Thursday, led by South Korean shares following a proposed increase in taxes on large corporations.The Nikkei Asia 300 index lost 0.6% at 1,292.47.Nikkei's index for South Korea fel

    August 3, 2017 09:01 pm JST
  • Hong Kong shares pause for breath as top performers Shenhua, Tencent slide

    HONG KONG (Nikkei Markets) -- Hong Kong shares fell for the first time in four days on Thursday as investors mindful of steep recent advances and climbing valuations locked in some profits.The Hang Seng Index fell 0.3% to 27,531.01, pulling back fro

    August 3, 2017 07:28 pm JST
  • CapitaLand doubles profit, to be more aggressive in Singapore residential market

    SINGAPORE (Nikkei Markets) -- CapitaLand, Southeast Asia's largest developer, plans to be more aggressive in vying for residential land in Singapore as the city-state's property market revives, its group chief executive officer said on Aug. 3.Lim Mi

    August 3, 2017 06:43 pm JST
  • China financial, tech shares ease Hong Kong stocks off 26-month highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares slipped off their highest level since June 2015, weighed down by a retreat for Chinese financial and technology stocks after a recent run-up.The Hang Seng Index slipped 0.2% to 27,566.80 by Thursday noo

    August 3, 2017 02:11 pm JST
  • Alibaba is finding new challenges in entering the Hong Kong market

    HONG KONG Having established a dominant position in its home market, Chinese e-commerce giant Alibaba Group Holding is now looking to boost its presence in Hong Kong, rolling out its Tmall retail website for local consumers and releasing a version o

    August 3, 2017 10:00 am JST
  • Hong Kong PMI rises to 51.3 in July

    TOKYO -- The Nikkei Hong Kong Purchasing Managers' Index, or PMI, for July rose to 51.3 from June's 51.1.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."Hong Kong's private sector economy showed f

    August 3, 2017 09:30 am JST
  • Property developer Sunac down on fundraising fears

    HONG KONG -- Sunac China Holdings shares plunged 4.9% on Wednesday to close at 19.12 Hong Kong dollars, owing to worries that recent fundraising steps may squeeze the property giant's finances.The stock fell as much as 5.8% during the session. The r

    August 3, 2017 12:50 am JST
  • Stagnant sales for Hong Kong retailers in June

    HONG KONG -- Retailers in Hong Kong are counting on mega events, from wine festivals to the Formula E season, to breathe new life into an industry hit by sluggish sales and fewer Chinese tourists.Retail sales rose a scant 0.1% on the year to reach 3

    August 2, 2017 11:55 pm JST
  • Hong Kong's stock gauge clings to 26-month highs while A-shares slip

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose to fresh 26-month highs, spurred by lingering optimism over earnings and a rally by Apple-supplier AAC Technologies Holdings.The Hang Seng Index rose 0.2% to 27,607.38, its highest close since June

    August 2, 2017 07:50 pm JST