co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Fund managers Moneycontrol spoke to said that investors generally do not like such interference
Chinese trade data for July to be published later on August 8 is likely to show a 12.5 percent fall in exports from a year earlier, showed the median forecast of 28 economists in a Reuters poll.
The Hang Seng Index sank 3.17 percent, or 765.00 points to 23,405.07.
MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4%, led by a 1.5% rise for the Hang Seng index in its first day of trading after this week's Lunar New Year holidays. Japan's Nikkei fell 0.4%.
The unprecedented pace of regulatory tightening from Beijing has led to crackdowns on technology, ed-tech and e-commerce sectors. We decode the timelines and factors responsible for the sell-off that followed China’s latest regulations.
Xiaomi's stock picked up as much as 9.1 percent on Wednesday at the Hong Kong stock exchange, making it as 13th stock in the city’s benchmark Hang Seng Index to have a market capitalisation above $100 billion.
Japan's Nikkei 225 rose 1.34 percent as the greenback strengthened against the yen, after the index finished lower by close to 1 percent in the previous session.
Yuan-denominated imports meanwhile fell an annual 1.7 percent, slower than the previous month's 8 percent decline.
Morgan Stanley on Monday upgraded its 12-month price target for the Hang Seng Index to 30,000 from 26,800. The new target would mark 8 percent upside from current levels.
It`s been a brutal quarter for Asian equity markets that have seen a sharp withdrawal of funds over April-June, driven by concerns over a scaling back of the US Federal Reserve`s bond buying program and financial instability in China.
Low valuations, market reforms and the prospect of monetary easing were all supposed to bring about a long-awaited turnaround for China's languishing stock market this year, but halfway into 2011 and Chinese stocks have failed to live up to their promise.
Asian stocks have lost most of their gains of the year and May will likely end as the worst month for equity markets in more than three years, but some strategists tell CNBC this is an "amazing" time to accumulate stocks.
Chinese stocks are the cheapest that they have been since the last financial crisis and investors should be positioning for a rebound, which a senior strategist says will happen in the second half of the year.
Hong Kong and China shares retreated for a second-straight session on Monday, pressured by an acceleration of derisking from equity investments following Standard & Poor's downgrade of the long-term credit rating of the United States late on Friday.
China Mobile Ltd, China's largest mobile carrier, is expected to offer Apple Inc's popular iPhone on its network from September, a local newspaper reported on Friday.
Italian fashion house Prada SpA pulled out all the stops during meetings with investors around the world for its IPO, which raised about USD 2.14 billion, but reduced risk appetite weighed on the deal's pricing on Friday.
Asian stocks slid to their lowest level in nearly three months on Thursday and the euro wobbled as Greece's debt troubles deepened and fresh US data indicated its economic "soft patch" could drag on longer than expected.
Chinese shares slipped on Monday, heading towards a key near-term support level, after a rise in lenders' reserve requirements and talk of a property tax in Shanghai kept bank and developer stocks under pressure.
