Macau gaming stocks have fallen out of favor, with the major names sliding an average of 20 percent since the beginning of May on worries about a sharp slowdown in gambling revenues. But, according to analysts at Nomura, the correction may be close to an end and the recent drop could present an attractive buying opportunity.
Even as HSBC beat expectations with its first quarter results on Tuesday, one strategist says its Hong Kong-listed subsidiary Hang Seng Bank is a better bet for investors given its more attractive return on equity and lower cost base.
Shares of Sun Hung Kai Properties, Asia’s largest real estate developer, tumbled 12 percent on Friday after the company’s billionaire owners were arrested on suspicion of corruption.
NY Times reports that Mr. Putin, who grew up in a hardscrabble Soviet housing block, has spent more than a decade in a byzantine world of petitioners and servants. Now, in the year he turns 60, he will face his biggest challenge: coming to grips with a society that has greatly changed under his watch, while he has remained essentially the same.
China's Sany Heavy Industry will revive its $3.3 billion Hong Kong share offering in the second quarter, the South China Morning Post reported on Friday, citing sources close to the deal.
Chinese e-commerce group Alibaba may take its Hong Kong-listed unit Alibaba.com private at about the price of its 2007 initial public offering for about HK$18 billion ($2.3 billion), the Hong Kong Economic Times reported on Thursday, citing sources.
Yao Gang, vice-chairman of the China Securities Regulatory Commission, pledged to “deepen” China’s capital markets reforms and to make sure Hong Kong is one of the main beneficiaries of the changes. The FT reports.
Hong Kong’s Hang Seng Index retains its volatility, but remains in a strong downtrend. A retest of the 2008 lows cannot be excluded.
Now is not the right time to buy Hong Kong stocks, says one expert, who predicts the benchmark Hang Seng Index will fall below 18,000 in the near future, given global economic uncertainties.
The recent slew of credit tightening measures and higher downpayment requirements for home buyers in China have begun to slow the country's red hot property market and that could lead to more small- and mid-cap Chinese property developers being taken private, presenting an opportunity for investors, according to Daiwa Capital Markets.
U.S. consumers, hobbled by debt and high unemployment, have been deleveraging, a process that will take another 3 to 5 years, Stephen Roach, Morgan Stanley’s non-executive chairman and the author of The Next Asia told CNBC on Tuesday.
Chinese stocks have seen a correction off late, but one fund manager, who's been shorting Hong Kong stocks since November, believes the market has hit bottom.
Hong Kong stocks have seen a steep slide in the last month, shedding nearly 6 percent, with a record amount of short-selling. according to one strategist. But he thinks this could actually be a positive sign.
As with a number of regional markets its important to recognize that the Hang Seng's decline started before the Japanese earthquake. Charting Asia's Daryl Guppy believes the market is set for further downsides.
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark., reports the New York Times.
Despite serious worries stemming from the deteriorating situation in Japan, the futures aren't predicting U.S. equities to react as violently as they did to the bankruptcy of Lehman Brothers.
Stock markets in India and a handful of other, smaller Asian countries, which surged last year as foreign investors bet on their fast growth, are starting to remind investors of the risks involved. The NYT reports.
North Korea showed a visiting American nuclear scientist earlier this month a vast new facility it secretly and rapidly built to enrich uranium, confronting the Obama administration with the prospect that the country is preparing to expand its nuclear arsenal or build a far more powerful type of atomic bomb, the New York Times reports.