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Shanghai Stock Indexi

Latest news and analysis about the benchmark stock indices of the Shanghai equity market, including the Shanghai Composite Index, the Shanghai A-Share Index and the Star Market for technology start-ups

 

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  • First-quarter profit for Tencent probably rose 34 per cent from a year ago, Alibaba may log a fall of 39 per cent, less than the previous quarter, as per analysts’ estimates
  • The weekend’s weak credit data adds to the probability of a surprise cut for this Wednesday’s medium-term lending facility rate, according to ING

In an attempt to limit the impact of data showing foreign funds selling on market sentiment, Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through trading links with Hong Kong.

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Hong Kong stocks rise driven by economic optimism after policy loosening measures announced by nearly 60 Chinese cities targeted the floundering property market with upbeat trade data providing a further boost.

‘Earnings are set to pick up as property activity stabilises and inflation recovery fuels household income and consumer spending growth,’ UBS strategist Meng Lei says.

Hong Kong stocks fell for the second straight day on Wednesday as investors awaited trade data which is expected to show both exports and imports returned to expansion territory in April, following a contraction in the previous month.

Hong Kong stocks decline from an eight-month high as traders cash in on the market bull run, while robust mainland tourism data for the holiday period fails to lift sentiment.

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Investor sentiment has turned positive after a clutch of global investment banks made positive calls on Chinese stocks amid expectations of more policy support from Beijing.

Investment banks including Goldman Sachs, UBS and BNP have become more positive on Chinese stocks, with foreign selling having subsided. But the property crisis, deflationary risks and tepid consumer demand mean global investors are yet to go all ‘all in’.

Foreign investors loaded up on Chinese stocks for a third straight month in April, adding to evidence that global fund managers have become more positive about the world’s second-largest market.

Hong Kong’s market is the best performer among major peers globally this month, and better-than-expected manufacturing activity in mainland China is expected to add further impetus.

Hong Kong stocks closed near bull market territory after corporate earnings continued to surprise on the upside with property sector support measures on mainland China adding to the momentum.

Investigation into Yao Qian, who serves as the director of the department of technology supervision at the China Securities Regulatory Commission, comes amid an uptick in market reforms.

Hong Kong stocks rose and completed its best weekly performance since October 2011 as positive earnings from top-tier Chinese companies and supportive policy measures boosted investor confidence

Hong Kong stocks rise on optimism that the appetite for Chinese assets is returning as Beijing pledges support to markets and signs of an earnings recovery emerges.

Hong Kong stocks climbed most in three weeks as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.

CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success.

China’s capital market regulators have announced a package of measures to boost liquidity, attract international investors and enhance competitiveness between the mainland and Hong Kong.

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Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.

Hong Kong stocks gains were driven by insurance, banks and casino stocks with some investors saying conditions are right for a substantial rally in Chinese shares.

The erratic performance of Chinese stocks is not giving investors the confidence to commit their funds for the long haul, so some are betting on proxies outside the country, according to top wealth managers.

Asia looks ready to turn a corner in quarterly earnings growth this results season. Here are five key themes to watch as the report cards roll in over the next few weeks.

Hang Seng Index hovers near a five-week low after comments by Fed chairman Jerome Powell, who said it could take ‘longer than expected’ to get inflation back on target.

Hong Kong stocks struck five week lows as consensus-beating GDP data reduced expectations of a rate cut in China, while weak retail, industrial and property data weighed on sentiment.

Hong Kong stocks declined to three week-lows as rising geopolitical tensions dealt a further setback to investor sentiment, already jittery ahead of a batch of economic data due to be released during the week.

Hong Kong stocks eased, pressured by the weak Chinese yuan currency and following trade data that showed a contraction in exports from the world’s second-largest economy.

Hong Kong stocks tumble after data suggested China’s consumption demand remains weak and as investors lowered their bets on the US Federal Reserve cutting rates in June.