A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka-shing: speculators stay away.» Read More
A reversal of early gains in the mainland put Hong Kong on the defensive. The Hang Seng Index and the China Enterprises Index of the leading Chinese listings in Hong Kong each went into the midday break down 0.1 percent. Midday Shanghai volume was the heaviest since Thursday and Hong Kong midday turnover was its highest in a week.
HONG KONG, March 12- Hong Kong shares were expected to start modestly higher on Tuesday, with Sun Hung Kai Properties and other local developers supporting gains on the benchmark Hang Seng Index. The index was set to open up 0.2 percent at 23,133 points. The China Enterprises Index of the leading Chinese listings in Hong Kong was indicated to start up 0.1 percent.
Data from China's National Bureau of Statistics showed the consumer price index rose 3.2 percent in February from a year ago, versus expectations of a 3.0 percent rise, while annual industrial production growth in January and February combined at 9.9 percent was the lowest since October 2012- the starting point of China's nascent economic recovery.
HONG KONG, March 8- The two billionaire co-chairmen of property goliath Sun Hung Kai Properties and a former senior government official pleaded not guilty on Friday to involvement in one of Hong Kong's biggest corruption cases.
SINGAPORE/ HONG KONG, March 7- Malaysian casino operator Genting Bhd envisions red and gold pagodas and a panda exhibit on the 87- acre plot of Las Vegas land it bought this week, a new gambling playground for rich Chinese moving their money overseas.
*Citic Pacific hit by broker price target reductions. *Chalco slides in HSI exit, replacement Lenovo jumps. HONG KONG, March 1- Hong Kong and China shares saw their weekly gains reduced on Friday after Chinese manufacturing data came in below expectations and was the weakest since September.
HONG KONG, March 1- Hong Kong shares fell on Friday, paring the week's gains, with growth-sensitive counters weak after Chinese manufacturing activity struck a five-month low ahead of China's annual parliamentary meetings next week.
*Citic Pacific hit by broker price target reductions. HONG KONG, March 1- Hong Kong and China shares trimmed this week's gains after official data on Chinese manufacturing activity was slightly below expectation and at its weakest since September.
*China Feb official PMI at 50.1 vs Reuters poll consensus 50.2. *Sun Hung Kai Properties slip after cutting sales forecast.
HONG KONG, March 1- Hong Kong shares are set to start lower on Friday, dragged by a 3.3 percent loss for Sun Hung Kai Properties after the local developer gave a conservative sales guidance despite a positive first half corporate showing. The Hang Seng Index was set to open down 0.3 percent at 22,957.1.
HONG KONG, March 1- Hong Kong shares could start March higher on Friday after official data showed factory activity in the mainland came in at its slowest pace in four months, broadly in line with expectations.
*China Vanke surges after 2012 earnings impress. HONG KONG, Feb 28- Hong Kong shares ended February on a brighter note on Thursday, with growth-sensitive counters among the leading gainers after U.S.
*Vanke's positive earnings lift China property sector. HONG KONG, Feb 28- Hong Kong shares are set to post their best daily gain in two months on Thursday, with growth-sensitive counters among the biggest gainers after U.S.
HONG KONG, Feb 27- China shares had their best day in three weeks on Wednesday, thanks to a proposed relaxation of investment rules that boosted listed brokerages and to expectations of greater money market liquidity.
*Policy jitters sink HK, China property sectors. *China policy details ahead of meetings next week seen key.
*Policy jitters hit China, Hong Kong property sectors. *China policy details ahead of meetings next week seen key. HONG KONG, Feb 25- Hong Kong shares lingered at a 2013 low on Monday, as strength in index heavyweight HSBC Holdings offset weakness in the local property sector after the city government announced more measures last week to cool the market.
HONG KONG, Feb 21- Hong Kong shares closed lower on Thursday dampened by fresh worries about monetary tightening and expansion of property sector curbs with property and financial stocks leading the slide. In Hong Kong, Cheung Kong Ltd fell 2.4 percent, Sun Hung Kai Properties down 1.5 percent, and New World Development Co Ltd slid 2.5 percent.
HONG KONG, Feb 15- Hong Kong shares eked out slim gains on Friday, weighed down by large-cap financial and property stocks, with many investors waiting for direction from mainland China markets when they reopen next week after the Lunar New Year holiday.
HONG KONG, Feb 15- Hong Kong shares ended slightly higher on Friday, weighed down by large-cap financial and property stocks, with investors waiting for direction from mainland China markets which reopen next week after the long Lunar New Year holiday.
HONG KONG, Feb 15- Hong Kong shares edged lower on Friday, weighed down by large-cap property and financial stocks, with many investors preferring to wait for direction from mainland China markets, which reopen after the Lunar New Year holiday next week. Hong Kong property counters fell as robust sales during the holiday sparked fears of fresh curbs.