NMGBMZBWG

Hong Kong stocks open 0.06% lower

Hong Kong stocks open 0.06% lower Hong Kong stocks fell 12.46 points, or 0.06 percent to open at 21,860.04 on Monday. ...

Chinese shares close lower on Monday

Chinese shares close lower on Monday Chinese equities closed lower on Monday as the benchmark Shanghai Composite Index went down 1.02 percent, or 33.38 points, to close at 3,243.76 points. The Shenzhen Component Index lost 1.21 percent, or 166.43 points, to close at 13,533.54 points. Combined turnover shrunk to 147.97 billion yuan (21.7 billion U.S. dollars), from 220.86 billion yuan on the previous trading day. ...

ABC plans 150b yuan public float

ABC plans 150b yuan public float   Lender likely to sell shares on Shanghai, Hong Kong bourses Agricultural Bank of China (ABC), the only bank among the Big Four State-run lenders yet to float shares, is planning to raise up to 150 billion yuan ($21.97 billion) through a dual listing in Shanghai and Hong Kong as early as April this year, people with knowledge of the matter told China Daily. The nation's third largest lender by assets plans to issue some 50 billion shares in the...

Hong Kong stocks end 0.23% down

Hong Kong stocks end 0.23% down Hong Kong stocks fell 49.22 points, or 0.23 percent, to end at 21,823.28 on Monday, the first trading day of 2010. A woman passes by a board displaying the Hang Seng Index of the Hong Kong Stock Exchange in Hong Kong, south China, Jan. 4, 2010. Hong Kong stocks fell 49.22 points, or 0.23 percent, to end at 21,823.28 points on Monday. (Xinhua/Song Zhenping) The benchmark index opened 0.06 percent lower at 21,860.04 after the public holiday on Friday. The stocks...

Equities decline on policy change woes

Equities decline on policy change woes   Property shares led declines yesterday as the Shanghai municipal government tightened tax and mortgage rules.[China Daily] China's stocks fell on the first trading day of the year as Shanghai tightened tax and mortgage rules, bolstering prospects the government will step up measures to curb property speculation. The Shanghai Composite Index fell 33.38, or 1.02 percent, to close at 3243.76, snapping a four-day rally. The gauge surged 80 percent...

Deutsche Bank: Stock rally likely to fade this year

Deutsche Bank: Stock rally likely to fade this year A rally by China's stocks may fade from the second quarter as inflation triggers "significant policy tightening" by the government and the US economy weakens, Deutsche Bank AG said. The MSCI China Index may still end the year 15 percent higher, Ma Jun, Deutsche Bank's Hong Kong-based China economist, said in a note to clients. The index tracking mostly mainland companies traded in Hong Kong jumped 59 percent last year after losing 52 percent...

Equities slide as govt applies brakes

Equities slide as govt applies brakes   Chinese stocks fell on expectations of government moves to limit lending and curb surging property prices. [China Daily] China's stocks fell the most in two weeks, led by banks and automakers, on concern government steps to curb lending growth and property speculation will slow expansion in the world's third-largest economy. SAIC Motor Co, the country's biggest carmaker, plunged 4.4 percent on prospects auto sales will slow this year after the...

Index futures get regulatory approval

Index futures get regulatory approval The government on Friday gave the green light for stock index futures, margin trading and short selling in a milestone move that ends the one-way trade in the capital market. An official with the China Securities Regulatory Commission (CSRC) said on Friday that the State Council has approved stock index futures, short selling and margin trading "in principle". The regulator said it would take three months to complete preparations for index futures. The...

Hong Kong stocks end 1.63% higher, tracking U.S. gains

Hong Kong stocks end 1.63% higher, tracking U.S. gains The benchmark Hang Seng Index of Hong Kong closed 1.63 percent higher at 21.829.72 on Friday, tracking overnight gains on the Wall Street following better-than-expected quarterly results announced by tech chip Cisco. The Hang Seng Index gained 0.35 percent over the past week. Analysts said resistance was turning strong as the blue chip index moved near the 22,000 mark, adding that the index also managed to hold above the support level of...

Hong Kong stocks end 0.12% up

Hong Kong stocks end 0.12% up Hong Kong stocks closed up 27.3 points, or 0.12 percent, at 22, 296.75 on Friday. The benchmark Hang Seng Index slightly rose 13.3 points, or 0. 06 percent, to open at 22, 282.75. Local shares traded between 22,443.22 and 22, 206.16 before closing. Turnover fell to 71.93 billion HK dollars from Thursday's 79.17billion HK dollars. The China Enterprises Index went down 38.11 points, or 0.29 percent, to close at 13, 035.09 points. Three of the four major stock...