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
HONG KONG/ SHANGHAI, Oct 25- Hong Kong's commitment to its 29- year-old currency peg to the U.S. dollar risks making the already pricey city even more expensive as policymakers try to manage a wave of foreign money seeking to cash in on a potential Chinese recovery.
Japan's Coast Guard said the four Chinese surveillance ships were spotted within a 22- kilometer zone that Tokyo considers its territorial waters near one of the disputed islands in the East China Sea early Thursday morning. Japan's Foreign Ministry lodged a strong protest with China's ambassador in Tokyo.
*Macau gaming sector strong after positive Wynn, Galaxy Q3 earnings. HONG KONG, Oct 25- Hong Kong shares eked out a tenth straight gain on Thursday, but a rally that has taken the Hang Seng Index to 2012 highs showed signs of fatigue as investors took profits on outperformers.
*Yuan surges to new all time record high. *Closes at strong-side limit of daily trading band. SHANGHAI, Oct 25- China's yuan closed at a record high on Thursday after hitting the strong-side limit of the central bank's daily trading band as a result of heavy demand as firms unwound long dollar positions built up in the first half of the year.
HONG KONG, Oct 25- Hong Kong shares eked out a 10th straight gain on Thursday, with the rally that has taken the Hang Seng Index to 2012 highs showing signs of fatigue as investors took profits on outperformers.
HONG KONG, Oct 25- China shares slipped on Thursday, dragged lower by the growth-sensitive banking and energy sectors as investors took profits on recent outperformers. The CSI300 Index of the top Shanghai and Shenzhen listings ended down 0.7 percent at 2,291.2, its lowest close since Oct. 8.
SHANGHAI, Oct 25- China's yuan hit the strong-side limit of its daily trading band on Thursday morning. Spot yuan hit 6.2417 versus the dollar at around 1:40 p.m., putting the dollar/yuan rate one percent below the central bank's midpoint of 6.3047.
*Yuan hits all time record high in morning trade. SHANGHAI, Oct 25- China's yuan touched its strongest ever level on Thursday and crept within a whisker of its strong-side limit, as dealers said short covering added to strong corporate demand for yuan. The People's Bank of China set its midpoint at 6.3047 on Thursday, moderately stronger than Wednesday's fix.
*CNOOC up 1.4 pct after positive Q3 earnings. *Citic Bank slides 3.2 pct after proposed $235 million stake sale.
HONG KONG, Oct 25- ZTE Corp, a major Chinese telecommunications equipment manufacturer and the world's No.4 maker of mobile phones, will on Thursday report its first quarterly loss since listing its shares in Hong Kong in 2004, as weak sales have shredded margins to record lows.
LONDON, Oct 24- Copper closed near six-week lows on Wednesday as the dollar rose and investor sentiment soured on weak euro zone data, but signs of recovery in top metals consumer China limited losses.
LONDON, Oct 24- Copper was steady on Wednesday on signs of recovery in top consumer China, although gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange was $7,825 at 1434 GMT from $7,831 a tonne at the close on Tuesday.
*France's Areva, Japan's Toshiba could benefit. BEIJING, Oct 24- China will approve a small number of new nuclear reactors before 2015 to be built only in coastal regions, the government said on Wednesday, as it unveiled a raft of measures to spur private investments in energy.
LONDON, Oct 24- London copper rose from a six-week low on signs of recovery in top consumer China, though gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange edged up 0.51 percent to $7,871 a tonne by 1015 GMT.
HONG KONG, Oct 24- Hong Kong shares posted a fresh 2012 closing high on Wednesday, buoyed by expectations of more capital inflows into the territory after its de facto central bank moved to weaken the Hong Kong dollar for the fourth time in less than a week.
*Yuan eases slightly to 6.2510/ dollar. *Traders wary of hitting strong side of trading band. SHANGHAI, Oct 24- China's yuan eased on Wednesday, responding to a slightly weaker central bank midpoint, but still hovered near recent record levels, as traders say corporate yuan demand remains robust.
HONG KONG, Oct 24- Mainland Chinese shares rose on Wednesday, outperforming most Asian peers and lifting the Hong Kong market to just short of a year-high after a survey of purchasing managers showed China's economy making a steady recovery. The China Enterprises Index of the top Chinese listings in Hong Kong was down 0.4 percent.
*HSBC Oct flash China manufacturing PMI signal recovery. TOKYO, Oct 24- Data suggesting a gathering economic recovery in China helped trim declines in Asian shares on Wednesday, though investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.
SHANGHAI, Oct 24- In 20 years in China, Microsoft Corp hasn't had much luck. ``The fact that there is no delay and they are treating China as one of their primary markets reflects how important China is to Microsoft and I think that's evident in how they plan to launch Surface,'' said Adam Leach, a London- based analyst with technology consulting firm Ovum.
*Sluggish demand in China, more stimulus unlikely now. LONDON, Oct 23- Copper slid to a six-week low on Tuesday, giving up more gains from its September rally, as a strong dollar, renewed worries over Spain's sovereign debt and a lack of robust demand from China knocked investor risk appetite.