China Resources' chairman allocated many of its investment banking deals over the past five years to institutions employing his alleged mistress.» Read More
*Tech subindex in Hong Kong reaches four-month low. *Hong Kong property down on local demand and worries on mainland. BEIJING, May 7- Hong Kong stocks fell on Wednesday as concerns on property and tech valuations hurt investor confidence after a U.S. tech sell-off triggered by a steep drop in Twitter's share-price.
BEIJING, April 22- Hong Kong shares eased on Tuesday, with a sell-off in China Resource Power Holdings Co Ltd and its subsidiaries weighing on index performance after the parent company's chairman was snared in a graft investigation. The China Enterprises Index of the top Chinese listings in Hong Kong dropped 0.8 percent.
SHANGHAI, April 2- Hong Kong shares finished up 0.3 percent on Wednesday, with property stocks posting their biggest one-day percentage gain in over two years after state media reported that some Chinese cities may relax house purchasing restrictions. But the China Enterprises Index of the leading offshore Chinese listings in Hong Kong fell 0.8 percent.
*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.
*Li& Fung up 21.2 percent on good earnings. HONG KONG/ SHANGHAI, March 21- Chinese shares rallied on Friday, led by banks and property shares, amid speculation the country's securities regulator would reveal details of a preferred pilot scheme and news of looser finance restrictions for developers.
HONG KONG/ SHANGHAI, March 18- China shares rose on Tuesday, in spite of home-price data that hurt property stocks and a mainland media report that a local developer could default on a large loan. Hong Kong shares posted their first gains after four straight days of losses, but investors remained cautious on concerns over Chinese economic growth prospects.
*Tencent hits record after China Unicom cooperation agreement. HONG KONG, March 6- China shares fell to their lowest levels in a week early Thursday, then rebounded and boosted Hong Kong markets as property stocks gained on hopes steps will be taken to limit mainland home-price declines.
*BYD soars on Tesla surge, Beijing plan to aid electric cars. HONG KONG, Feb 26- Hong Kong and China shares were sluggish early on Wednesday as the yuan again fell below the official fix, adding to jitters about possible policy changes at next week's annual parliamentary meetings.
China's home price inflation may be steeper than official data suggest, with a near quadrupling of home sales in the capital last week after the government unveiled tax plans to curb speculation.
China's property-related shares fell by the most in nearly five years on plans to tighten curbs on the housing market, though some economists predict a near-term spike in existing home prices, at least until local governments work out how to implement the changes.
Chinese shares tumbled to their lowest close in six weeks, after Beijing hit property developers with harsher-than-expected tightening measures to contain housing costs.
Speculation that the Chinese government will implement further measures to cool the country's bubbly property market has sent stocks of major Chinese developers tumbling in recent weeks. But analysts tell CNBC this provides investors an opportunity to hunt for bargains.
China markets resumed their decline, after a one-day recovery on Wednesday, dampened by fresh worries about monetary tightening and expansion of property sector curbs.
Asian stock markets climbed higher on Thursday led by Australian shares, which hit a four-year high on strong corporate earnings. Risk sentiment was also boosted by firm gains in Japan and Hong Kong ahead of a weekend meeting of G20 central bank officials.
Asian stocks closed higher on Wednesday, with investors shifting their focus to corporate earnings in the region and the Federal Reserve's policy announcement later in the day.
Asian shares rose on Tuesday as recent selling drew bargain hunters ahead of more U.S. economic data and a Federal Reserve policy decision later in the week.
Asian shares ended mostly lower on Thursday, paring initial gains as investors cashed in their chips following recent rallies with demand also capped by caution ahead of Chinese data on Friday.
Asian stocks hit multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from Japan and signs of progress in reaching a U.S. fiscal deal lifted riskier assets.
Asian shares touched a 16-month high on Monday as investors took heart from rising factory output growth in China and a falling unemployment rate in the United States that raised hopes about the outlook for the world's top two economies.
Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.