Hang Seng Index Constituent Stocks

Hong Kong stocks end down 0.45%

Agence France-PresseMay 22, 2013 05:30

Hong Kong stocks closed down 0.45 percent on Wednesday despite a strong lead from Wall Street, as dealers waited for testimony from Federal Reserve chairman Ben Bernanke on the US economic outlook. The benchmark Hang Seng Index lost 105.29 points to 23,261 on turnover of HK$52.41 billion ($6.75 billion). Chinese shares closed down 0.12 percent on profit-taking after rising nearly four percent in the past five sessions, dealers said. The benchmark Shanghai Composite Index slipped 2.71 points to 2,302.40 on turnover of 115.3 billion yuan ($18.8 billion). jms/pj

Goldman Sachs sells remaining stake in Industrial & Commercial Bank of China for $1.1 billion

The Canadian PressMay 21, 2013 05:03

MACAU, Macau - Goldman Sachs has sold its remaining stake in China's biggest commercial lender for $1.1 billion. A person familiar with the deal said Tuesday that Goldman Sachs Group Inc. sold just under 1.6 billion shares of state-owned Industrial Goldman was one of a number of Western banks that bought stakes in China's major state-owned commercial lenders before they held initial public stock sales over the past decade.

Hong Kong stocks end 0.54% lower

Agence France-PresseMay 20, 2013 22:45

Hong Kong stocks closed 0.54 percent lower on Tuesday after a dip on Wall Street ahead of the Federal Reserve chairman's testimony about the US economic outlook. The benchmark Hang Seng Index fell 126.66 points to 23,366.37 on turnover of HK$71.30 billion ($9.19 billion). Chinese shares closed up 0.22 percent. The benchmark Shanghai Composite Index rose 5.12 points to 2,305.11 on turnover of 113.0 billion yuan ($18.4 billion). Fed chairman Ben Bernanke is due to give testimony to Congress on Wednesday. pj/sm

Goldman exits China's ICBC, seven years and billions later

Thomson ReutersMay 20, 2013 06:30

By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs <GS.N> launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China <1398.HK>, offering to sell its entire remaining stake in the world's biggest bank by market value.

HSBC may cut 14,000 more jobs as revenue faces pressure

Thomson ReutersMay 15, 2013 15:31

By Lawrence White and Steve Slater HONG KONG/LONDON (Reuters) - HSBC <HSBA.L> will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.

Hong Kong shares end 1.42% lower

Agence France-PresseMay 13, 2013 05:00

Hong Kong shares finished 1.42 percent lower in cautious trade Monday as a series of Chinese data highlighted a sluggish recovery in the world's second largest economy. The benchmark Hang Seng Index lost 331.41 points to end at 22,989.81 on turnover of HK$59.24 billion ($7.63 billion). Traders digested the latest batch of Chinese economic data for April including industrial output which rose 9.3 percent year-on-year, up from 8.9 percent in March but below market expectations.

Hong Kong shares close up 0.58%

Agence France-PresseMay 7, 2013 06:15

Hong Kong shares ended 0.58 percent higher Tuesday after some bargain-hunting but trading was subdued before the release of Chinese economic data later in the week. The benchmark Hang Seng Index added 132 points to end at 23,047.09 on turnover of HK$56.73 billion ($7.31 billion). The index has now risen in 10 out of the last 12 sessions. Bargain-hunting in underperforming companies offset profit-taking amid the recent rally. But many investors remained on the sidelines before China releases trade data Wednesday and inflation and industrial output figures Thursday.

Athabasca Oil announces sudden departure of president from company

The Canadian PressMay 6, 2013 14:15

CALGARY - Shares in Athabasca Oil Corp. hit a record low Monday after the company announced the abrupt departure of its president and a new executive committee to "refine" its operational performance. The stock sank as much as 9.4 per cent to $5.71 — a new low — but recovered somewhat to close down 34 cents or 5.4 per cent at $5.96. A company news release doesn't say why Bryan Gould left the company. Calls to the company were not immediately returned.

Hong Kong prepares for biggest IPOs of the year

Agence France-PresseMay 6, 2013 07:45

Two Chinese state-owned firms will hold initial public offerings with a combined value of $3.6 billion in the biggest such deals in Hong Kong this year, a report said Monday. A unit of oil giant Sinopec Engineering and brokerage China Galaxy Securities will raise $2.24 billion and $1.36 billion respectively with their IPOs, Dow Jones Newswires reported. The Asian financial hub was the world's top IPO venue from 2009 to 2011, but took a hit after Chinese companies grew worried about slow economic growth last year.

Hong Kong shares close up 0.99%

Agence France-PresseMay 6, 2013 05:30

Hong Kong shares rose 0.99 percent on Monday after strong US jobs data fuelled optimism over the pace of recovery in the world's largest economy. The benchmark Hang Seng Index climbed 225.13 points to end at 22,915.09 on turnover of HK$51.97 billion ($6.70 billion). The upbeat US economic outlook added to positive sentiment after the European Central Bank cut interest rates to a new record low to help stimulate growth in the sluggish eurozone.