Connect to share and comment

Hong Kong stocks open 0.76% higher

Hong Kong shares climbed 0.76 percent in the opening exchanges on Wednesday after Wall Street provided a positive lead to cap off two straight losses. The benchmark Hang Seng Index rose 165.75 points to 21,898.07. dan/jw

Hong Kong stocks up 1.03% at open

Hong Kong shares opened 1.03 percent higher on Monday as investors await the release of Chinese manufacturing data. The benchmark Hang Seng Index rose 220.85 points to 21,657.55. dan/jw

Temasek to buy 24.95% of Li's Watson for US$5.67 bn

Asia's richest man Li Ka-shing announced Friday that a Singapore state investment fund had agreed to buy just under 25 percent of his flagship retail chain, in a deal worth more than US$5.6 billion. Singapore's Temasek will purchase 24.95 percent of A.S. Watson -- part of Li's vast Hutchison Whampoa conglomerate -- for HK$44 billion ($5.67 billion), a Hutchison statement said, calling it a "strategic alliance".

Temasek to buy 24.95% of Li's Watson for US$5.67 billion

Asia's richest man Li Ka-shing announced Friday that a Singapore state investment fund had agreed to buy just under 25 percent of his flagship retail chain, in a deal worth more than US$5.6 billion. Singapore's Temasek will purchase 24.95 percent of A.S. Watson -- part of Li's vast Hutchison Whampoa conglomerate -- for HK$44 billion ($5.67 billion), a Hutchison statement said, calling it a "strategic alliance".

Temasek agrees to buy stake in A.S.Watson for $5.7 billion

HONG KONG (Reuters) - Singapore state investor Temasek Holdings <TEM.Ul> has agreed to buy a 24.9 percent stake in Li Ka-shing's retail business A.S. Watson for about HK$44 billion ($5.7 billion). Li's Hutchison Whampoa <0013.HK>, which owns A.S Watson, said in a statement on Friday that it would use part of the proceeds from the stake sale to pay a special dividend of HK$7.00 per share to its shareholders.

Li & Fung shares surge 19 percent on upbeat earnings, spin-off plan

By Donny Kwok HONG KONG (Reuters) - Shares of global sourcing firm Li & Fung Ltd <0494.HK> jumped to their highest in more than a year on Friday as investors cheered better-than-expected earnings and focused on a new three-year plan that includes spinning off its brands and licences unit.

Hong Kong stocks close 1.79% lower

Hong Kong stocks tumbled 1.79 percent on Thursday after the head of the Federal Reserve suggested US interest rates could start to rise from early next year. The benchmark Hang Seng Index fell 386.53 points to 21,182.16 on turnover of HK$74.82 billion (US$9.65 billion). The Fed on Wednesday announced a third successive $10-billion-a-month cut in its stimulus programme, as expected, citing a strengthening economy.

Hong Kong stocks down 1.00% at open

Hong Kong shares fell 1.00 percent in the first few minutes of trade Thursday, after the head of the US Federal Reserve hinted that interest rates could go up in the early part of next year. The benchmark Hang Seng Index slipped 216.20 points to 21,352.49. dan/st

Hong Kong stocks down 1.13% at lunch

Hong Kong stocks lost 1.13 percent in the morning session Thursday after Federal Reserve head Janet Yellen suggested the central bank could hike US interest rates early next year. The benchmark Hang Seng Index fell 243.73 points to 21,324.96 by the break, on turnover of HK$40.13 billion ($5.18 billion). dan/st

Hong Kong stocks close 0.67% lower

Hong Kong shares fell Thursday as another batch of weak Chinese data stoked fears for the world's number two economy, although mainland markets surged after Premier Li Keqiang said he was confident growth would pick up. The benchmark Hang Seng Index slipped 0.67 percent, or 145.87 points, to 21,756.08 on turnover of HK$69.15 billion (US$8.92 billion).
Syndicate content