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  • Nikkei Asia300 index gains as Chinese stocks rally on earnings optimism

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan edged higher on Monday, led by a rally in Chinese companies as investors bet on their earnings.The Nikkei Asia300 Index advanced 0.3% to 1,292.05. Suning Commerce Group jumped 10% in Shenzh

    July 31, 2017 10:15 pm JST
  • Hong Kong stocks rally on HSBC, Tencent to seal seventh monthly gain

    HONG KONG (Nikkei Markets) -- Hong Kong shares on Monday wrapped up a seventh straight monthly advance in style, with earnings expectations providing a further tailwind to a market spurred by cross-border inflows and a benign interest-rate outlook.T

    July 31, 2017 08:39 pm JST
  • HNA faces multiple setbacks in overseas expansion

    HONG KONG -- At least three of Hainan-based HNA Group's outbound deals are in limbo as banks turn cautious against the acquisitive company that has failed to demystify its shareholding structure and financial standing.The listing of its real estate

    July 31, 2017 07:53 pm JST
  • Shenhua Energy shares rebound on strong 1H results

    HONG KONG -- Shares of China Shenhua Energy rebounded in morning trade on the Hong Kong stock market Monday, at one point rising 0.82 Hong Kong dollar, or 4.37%, from Friday's close to HK$19.58 as investors reacted favorably to the company's brisk e

    July 31, 2017 06:36 pm JST
  • China distilleries top Asia food-beverage market cap ranking

    TOKYO/GUANGZHOU -- China's liquor manufacturers lead Asia's food and beverage makers in market cap after retooling their lineups to target ordinary drinkers, spurred by broad investor interest in the fast-growing region's consumer stocks.Shanghai-li

    July 31, 2017 04:01 pm JST
  • Earnings optimism boosts Hong Kong shares back toward 25-month highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares climbed toward a 25-month high Monday amid strengthening expectations over corporate earnings. Heavyweights Tencent Holdings and HSBC Holdings paced gains.The Hang Seng Index rose 0.7% to 27,180.02 by m

    July 31, 2017 02:20 pm JST
  • HSBC's first-half profit rises 5%, beating estimates

    HONG KONG/LONDON (Reuters) -- HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of the year, as Europe's biggest bank reduced operational costs and increased income in its core markets of Britain and Hong Kong.Pretax profit re

    July 31, 2017 01:21 pm JST
  • Hutchison sells HK fixed-line business to I Squared for $1.9 bn

    HONG KONG, July 30 (Reuters) - Hutchison Telecommunications Hong Kong Holdings Ltd said on Sunday it agreed to sell its fixed-line telecoms business to I Squared Capital for about $1.9 billion, raising funds to invest into mobile phone services and

    July 30, 2017 09:27 pm JST
  • Cheung Kong Property clinches deal for German smart-meter company

    HONG KONG -- Billionaire Li Ka-shing's business empire is buying a German energy management company Ista International, looking to increase its footprint in a field it sees as a stable source of revenue.A joint venture between Cheung Kong Property H

    July 29, 2017 12:51 am JST
  • AIA's new CEO pledges to follow predecessor's lead

    HONG KONG -- Ng Keng Hooi, AIA Group's CEO, said Friday that the pan-Asian life insurer is following the expansion strategy bequeathed by his predecessor, Mark Tucker, amid rising concern that the company may not be able to maintain its growth.Posti

    July 28, 2017 11:23 pm JST
  • Nikkei Asia300 index falls on technology stocks, almost erases weekly gains

    HONG KONG (Nikkei Markets) -- Technology stocks led Asian equities outside Japan lower on Friday, wiping off most of the accumulated gains for the week triggered by bets slowing inflation would prompt the U.S. Federal Reserve to hold back further ra

    July 28, 2017 08:52 pm JST
  • Uni-President shares fall on mainland Starbucks sale

    HONG KONG -- Shares in Taiwan retailer and food conglomerate Uni-President Enterprises and its subsidiary President Chain Store fell as much as 3.8% and 9.5% respectively on Friday, following its decision to sell its share of a Chinese joint venture

    July 28, 2017 08:11 pm JST
  • Hong Kong shares rise for third week as interim earnings test looms

    HONG KONG (Nikkei Markets) -- Hong Kong shares fell Friday, but still delivered a third consecutive weekly advance, as investors looked ahead to see whether corporate earnings will justify a rally that had pushed stocks to 25-month highs.The Hang Se

    July 28, 2017 07:42 pm JST
  • AIA, Tencent declines position Hong Kong shares for first loss in five days

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for their first decline this week, led by technology heavyweight Tencent Holdings and insurer AIA Group, as investors seemed to take a breath after solid recent advances.The Hang Seng Index shed

    July 28, 2017 02:30 pm JST
  • Hang Lung Properties upbeat on China retail

    HONG KONG -- The reshoring of luxury spending in mainland China appears to have eased pressure on premium shopping mall operators, which have been under rising threat from e-commerce and a slowing economy in recent years.Ronnie Chan Chi-chung, chair

    July 27, 2017 11:46 pm JST
  • Hong Kong gauge trumps 27,000 after two years on Fed, earnings optimism

    HONG KONG (Nikkei Markets) -- Hong Kong's main share gauge settled above 27,000 for the first time since June 2015 as earnings optimism and the U.S. Federal Reserve's policy review lured buyers. Developers and heavyweight stocks paced gains.The Hang

    July 27, 2017 07:38 pm JST
  • Belle delists from Hong Kong exchange ahead of digital revamp

    HONG KONG -- Chinese footwear retailer Belle International has called time on its listing a decade after it made its debut on the Hong Kong Stock Exchange, to pave the way for a belated digital revamp aimed at reviving a struggling business hit hard

    July 27, 2017 07:31 pm JST
  • Sunac's swelling debt sends stock on wild ride

    HONG KONG -- It has been a week of dramatic swings for Sunac China Holdings shares in Hong Kong, with investors in two minds over the property company's growing debt from acquisitions.The stock hit an all-time high on Monday but fell as much as 7% t

    July 27, 2017 06:47 pm JST
  • Developers push Hong Kong share gauge atop 27,000 on Fed relief

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for a fourth day of gains, sending the benchmark equity index above 27,000, with property stocks rallying as investors took kindly to the U.S. Federal Reserve's latest policy review.The Hang Seng

    July 27, 2017 02:26 pm JST
  • Tencent's gaming triumph draws a backlash

    Several months ago, Sequoia Capital China, a venture capital firm, noted that traffic had dropped dramatically on Chinese websites in which it had invested. The list included Toutiao, a news provider, Sina Weibo, a news and microblogging site, and o

    July 27, 2017 10:00 am JST