Hong Kong stocks up 0.94 percent at open
Hong Kong stocks rose 0.94 percent on bargain-buying at the open Friday following the previous day’s sell-off, while a Wall Street rally also provided support.
Hong Kong stocks rose 0.94 percent on bargain-buying at the open Friday following the previous day’s sell-off, while a Wall Street rally also provided support.
Asian casino tycoon Stanley Ho’s transport company is buying a stake in a budget airline that Qantas and China Eastern Airlines are setting up in Hong Kong, the companies said Thursday.
The Association of Southeast Asian Nations (Asean) will pursue a free trade agreement with Hong Kong, a document obtained by AFP said Tuesday.
A recent trip to Hong Kong had me exploring all the places that supply building materials and furnishings, places I used to scour some 15 years ago when I lived in this city-state. Between then and today, I’d still visit these places occasionally just to see what was new in the market. Sometimes, these visits were with a client as we looked for items we could not source back in the Philippines.
Hong Kong shares rose for a fourth straight day on Friday, adding 0.17 percent by the break, after another record session on Wall Street.
HSBC could cut up to another 5,000 jobs as Europe’s biggest bank looks to find further savings, the Financial Times reported on Monday.
Cathay Pacific said Wednesday 2012 net profit plunged 83.3 percent, as the Hong Kong flag carrier was hit by persistently high fuel prices and weak air cargo demand.
Hong Kong stocks opened 0.14 percent higher on Friday as dealers await the release of closely watched Chinese manufacturing data.
Hong Kong stocks opened flat on Monday as last week’s rally triggered by the US deal to avert the “fiscal cliff” wound down.
Hong Kong-based Energy World Corp. Ltd. is building an impressive power portfolio in the Philippines comprising natural gas facilities and renewable energy power plants, with investments possibly exceeding $1 billion.
Hong Kong shares finished the morning session flat on Monday with investors cautious ahead of a meeting later in the day of eurozone finance ministers on aid to debt-crippled Greece.
The Hong Kong Monetary Authority has sold $603 million worth of Hong Kong dollars in the foreign exchange market in an effort to curb the currency’s rise, a report said.
