With China's market in an "extreme bubble," one expert says he'd stay away. However, another pro says there are opportunities to be found.» Read More
HONG KONG, July 10- Hong Kong stocks surged for the second day on Friday to trim losses for the week, tracking the turnaround in China's markets after Beijing unleashed a series of support measures staunch losses after a worryingly steep decline. CITIC Ltd led gains in the Hong Kong blue-chip index, surging 9 percent. BYD Co Ltd led rises in the China companies index,...
BEIJING, July 8- China's dominant mobile car-ride hailing company Didi Kuaidi said it raised $2 billion in a fundraising round as competition with U.S. rival Uber Technologies Inc heats up on its home turf. Didi Kuaidi, which has the largest market share of car-hailing apps in China, said in a statement on Wednesday that the funding amount may rise by another "few...
SHANGHAI, June 3- A major China stock index slipped on Wednesday, after two sessions of strong gains, as a dozen new share offerings hit a market already pulled down by big banks on signs their margins could be hurt by accelerated interest rate liberalization. Shares of top banks sagged, after China launched certificates of deposit, paving the way for full interest...
SHANGHAI, June 3- PICC Property and Casualty Co Ltd, the insurer of a ship that capsized in China's Yangtze river on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the country's worst shipping accident in decades. Divers searched the capsized Eastern Star on Wednesday for more than 400 missing people, many of...
Asian equities traded mixed on Thursday, with Sydney and Tokyo coming under pressure as their local currencies strengthened against the greenback.
Chinese stocks retreated late Wednesday after a fresh batch of economic indicators came in just shy of expectations.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
Asian markets mostly fell on Wednesday as investors digested the raft of earnings due in the region and awaited the Federal Reserve's statement.
SINGAPORE, April 23- Earnings growth at China- listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century. Brokerages have seen commission income rocket due to high trading volume, and are likely to benefit further when Hong Kong investors start buying...
Asian shares rose on Thursday, undeterred by a weaker finish in the U.S. as gains in crude prices overnight boosted oil-related counters.
After a lackluster morning session, Asian stocks mostly advanced on Friday, with Tokyo, Shanghai and Sydney markets finishing the week at new highs.
*Analyst warns of "surging" volatility in China's "bubbly" market. SHANGHAI, March 20- China stocks are on track to post their biggest weekly gain in three months on hopes of further policy easing, but they lost some steam on Friday after a leading analyst warned about increasingly volatility in a "bubbly" market. Hong Kong shares, which were up on Thursday after the U.S....
Asian equities outside Japan traded higher on Thursday as investors welcomed a dovish statement from the Federal Reserve.
Asian stocks traded mostly lower on Thursday as China set its gross domestic product (GDP) growth target at 7 percent for 2015.
Asian equitiess were mixed on Friday, following an uninspiring lead from Wall Street, but Japanese stocks managed to overlook a mixed bag of economic data to settle at a new 15-year high.
Asian equities turned mixed amid choppy trade on Wednesday after China's manufacturing sector surprised markets with growth for the first time in three months.
Asian stock markets outside Shanghai joined the global rally on Wednesday, shrugging off a slip in crude oil prices in early trading.
Asian stocks started the week on the back foot, as data showing China's manufacturing sector remaining in a poor state, along with a less-than-stellar growth data from the U.S., fueled fresh worries over the global economy.
China's Kaisa Group says their CEO has resigned - a further blow for the embattled property developer despite having sold some of its Shanghai assets.
Asian equities outside China traded higher on Friday, following a halt in the sell-off in energy markets and as traders digest the raft of earnings releases in Tokyo and Seoul.