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Hong Kong stocks up 0.76% by break

March 15, 2013 00:30
Hong Kong shares climbed 0.76 percent by the break on Friday following a positive lead from Wall Street, where the Dow ended at another record high. The benchmark Hang Seng Index rose 170.96 points to 22,790.14 on turnover of HK$37.58 billion ($4.85 billion). dan/ac

Hong Kong stocks end 0.28% higher

March 14, 2013 05:45
Hong Kong shares rose 0.28 percent on Thursday, in line with a positive close for Shanghai and reversing earlier losses thanks to bargain-buying. Hong Kong's benchmark Hang Seng Index added 62.53 points to 22,619.18 on turnover of HK$83.06 billion ($10.72 billion). However, it was not enough to wipe out the 2.3 percent losses suffered in the previous two sessions.

Hong Kong stocks end 1.46% lower

March 13, 2013 05:30
Hong Kong shares tumbled 1.46 percent on Wednesday following losses on mainland markets owing to growing concerns about Chinese economic growth. Hong Kong's benchmark Hang Seng Index lost 333.95 points to end at 22,556.65 on turnover of HK$73.66 billion ($9.50 billion). Dealers looked to the Shanghai bourse, which hit a two-month low on concerns of further tightening in the property sector to cap price rises and following disappointing inflation data at the weekend. Investors shrugged off a sixth-straight record close for the Dow Jones index on Wall Street Tuesday.

Hong Kong stocks end 0.87% lower

March 12, 2013 06:15
Shares in Hong Kong and Shanghai ended lower on Tuesday as early gains were wiped out by profit-taking and concerns over China's economy following disappointing data at the weekend. Hong Kong's benchmark Hang Seng Index lost 0.87 percent, or 200.22 points, to end at 22,890.60 on turnover of HK$69.14 billion ($8.92 billion). Beijing said Saturday that inflation hit a 10-month high of 3.2 percent in February while growth in industrial output and retail sales slowed.

China shares suffer 4th straight loss, sinking Hong Kong

March 12, 2013 05:45
* HSI -0.9 pct, H-shares -1.3 pct, CSI300 -1.4 pct * Reported wealth product probe hits mid-sized Chinese banks * China Life falls after clarifying chairman's comments * New World Development up on spinoff plan By Clement Tan

Hong Kong shares close down 0.9 pct, China Life Insurance slides

March 12, 2013 04:30
HONG KONG, March 12 (Reuters) - Hong Kong shares slipped from a three-week high on Tuesday, hurt by a soft mainland market as weakness in China Life Insurance offset strength in the local property sector after New World Development announced plans for a spinoff listing. The Hang Seng Index closed down 0.9 percent at 22,890.6. The China Enterprises Index of the leading Chinese listings in Hong Kong fell 1.3 percent.

Hong Kong woman jailed for 10 years for laundering $877 mln

March 12, 2013 03:45
By Grace Li HONG KONG, March 12 (Reuters) - A Hong Kong public housing tenant was jailed for 10 years on Tuesday for laundering more than HK$6.8 billion ($877 million) through nine banks, just two months after a Chinese man was imprisoned in the Asian financial centre's biggest such case. Lam Mei-ling, 61, laundered the money between 2002 and 2005 with about 39,500 bank transfers, the Court of First Instance heard.

China shares head for 4th daily loss, Hong Kong surrenders early gains

March 12, 2013 02:15
* HSI, H-shares -0.1 pct; CSI300 -0.9 pct * Reported wealth product probe hits mid-sized Chinese banks * China Life falls after clarifying chairman's comments * New World Development up on spinoff plan By Clement Tan

Hong Kong shares may start higher, earnings in focus

March 11, 2013 21:30
HONG KONG, March 12 (Reuters) - Hong Kong shares could start modestly higher on Tuesday, helped by Wall Street gains, with several companies expected to post earnings later in the day. Ajisen, Sino-Ocean land and China Oil and Gas are among companies due to post their 2012 full year earnings later in the day. On Monday, the Hang Seng Index closed flat, surrendering its midday gains. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.4 percent.

Hong Kong shares close flat, hurt by lacklustre China stocks

March 11, 2013 04:30
HONG KONG, March 11 (Reuters) - Hong Kong shares surrendered midday gains to close flat on Monday, weighed down by a lacklustre mainland market after patchy economic data over the weekend spawned doubts about the earnings outlook for Chinese firms. The Hang Seng Index ended flat at 23,090.8, lingering around Friday's closing level, which was its highest since Feb. 20. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.4 percent on Monday.
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