Francis Cheung, Head of China and Hong Kong Strategy at CLSA, highlights the equities that are poised to benefit from the Shanghai-Hong Kong stock connect.» Read More
SHANGHAI, April 4- Hong Kong shares finished lower on Friday, dragged down by sliding tech shares and a steep fall in Internet giant Tencent Holdings Ltd.. Tencent joined the slide in its U.S. listed peers on increasing investor concerns the technology sector is over valued.
SHANGHAI, April 4- China shares closed higher on Friday, buoyed by strong financials and a surge in rare earths, as investors speculated in growth in the sector, following surges in the recently opened rare earths exchange.
SHANGHAI, April 4- China's yuan softened against the dollar on Friday after the central bank fixed its official midpoint at a six-month low. But the yuan appeared to stabilise this week as state banks, which are generally seen as doing the People's Bank of China's bidding, reduced demand for dollars and stopped quoting the yuan aggressively weaker, traders said.
*Tencent down 19 percent since March 3 peak. SHANGHAI, April 4- Hong Kong shares were mixed on Friday, with gains in Chinese shares listed in the city overshadowed by tech losses and weighed by a sharp fall in Internet giant Tencent Holdings.
*Gold prices in tight range. *Platinum, palladium on track for weekly gains. SINGAPORE, April 4- Gold edged lower on Friday as the market nervously awaited U.S. nonfarm payrolls data, heading for its longest weekly losing streak in over six months as equities firmed and optimism grew about the U.S. economy.
SHANGHAI, April 4- The rare and dramatic slide in the yuan exchange rate that has shaken the outlook for the currency is unlikely to last long as trade rebounds and capital inflows resume. That would mark a nearly 4 percent strengthening from the nadir of 6.2370 hit on March 21.
SHANGHAI, April 3- Hong Kong shares edged up to a fresh three-week closing high on Thursday, buoyed by news the Chinese government would increase investment in railways and hopes that mainland investors may receive greater access to stocks on the Hong Kong exchange.
SHANGHAI, April 3- China shares dropped on Thursday as property stocks were hit by profit-taking following a jump the previous day on media reports that some cities may relax restrictions on home buying.
FENGHUA, China, April 3- To understand why many of China's small property developers are struggling, look no further than Zhejiang Xingrun Real Estate. The once little-known regional developer is now on the brink of becoming one of China's biggest real estate bankruptcies in recent memory. Some markets saw outright price declines, in particular Ningbo.
SHANGHAI, April 3- Chinese shares listed in Hong Kong rose more than 1 percent to a six-week high on Thursday, with rail firms getting a lift after China's government announced increased investment in rail infrastructure to help boost the economy.
BEIJING, April 3- China's rating agencies are likely to keep a long-held assumption of government bailouts built into most ratings despite the country's first domestic bond defaults and warnings from Beijing that there is no blanket guarantee of support.
The former Morgan Stanley economist is among the more moderate of the bearish voices that have called the' China crash' since the late 1990 s. Yet China has consistently defied the odds, projecting itself as a single-party-led export powerhouse with absolute hold over its financial system and a government with deep pockets.
*China gold at premium to London, first time since early March. NEW YORK, April 2- Gold rose about 1 percent on Wednesday, its largest gain in three weeks, on bargain hunting in the precious metal after two straight days of losses, traders said. Gold futures' most-active contract, June, settled up 0.8 percent, or $10.80, at $1,290.80 an ounce.
SHANGHAI, April 2- Investors in a small construction materials firm in China that defaulted on its bond payment last week will receive their payouts in about a month, two sources with knowledge of the situation said on Wednesday.
LONDON, April 2- Gold rose around one percent on Wednesday, recouping some strength after two days of losses as European shares flattened and investors remained jittery ahead of U.S. jobs data that should help guage the strength of the world's biggest economy. Gold futures for April delivery rose $11.40 to $1,291.40 an ounce.
FRANKFURT, April 2- Deutsche Post, the world's biggest postal and logistics group, is betting on emerging markets and an e-commerce boom to boost profits through 2020, it said on Wednesday in unveiling its new medium-term financial targets.
LONDON, April 2- Gold rose on Wednesday, recouping some strength after two days of losses but remained near its lowest in seven weeks on expectations of strong jobs data in the world's largest economy. Gold futures for April delivery rose $4.00 to $1,284.00 an ounce.
SHANGHAI, April 2- China shares rose on Wednesday, driven by surging property stocks after state media reported that local governments in several cities are considering relaxing restrictions on purchasing houses.
*Hong Kong property shares also lifted. SHANGHAI, April 2- Mainland and Hong Kong property shares surged on Wednesday pushing local indexes into positive territory, after state media reported that several cities may relax house ownership restrictions.
SHANGHAI, April 2- China's yuan edged up against the dollar on Wednesday for the second day after the central bank again fixed a slightly higher official midpoint, a move that traders said may be sending the first signal that Beijing wants to keep the yuan stable for now.