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Hong Kong stocks end 1.25% lower

Hong Kong lost 1.25 percent on Friday following a sell-off on Wall Street in response to data showing Chinese manufacturing activity contracted in January. The benchmark Hang Seng Index in Hong Kong fell 283.84 points to 22,450.06 on turnover of HK$77.25 billion ($9.97 billion). It was the second straight day of losses on the Hong Kong stock exchange. On Thursday the index slid 1.51 percent after preliminary figures from HSBC showed manufacturing activity in China contracted in January for the first time in six months.

Hong Kong, Shanghai shares sink on China data

Hong Kong and Shanghai shares ended lower on Thursday after figures showed manufacturing activity in China contracted in January for the first time in six months. The benchmark Hang Seng Index in Hong Kong tumbled 1.51 percent, or 348.35 points, to a one-week low of 22,733.90 on turnover of HK$68.39 billion ($8.82 billion). British bank HSBC said its preliminary reading of China's purchasing managers' index (PMI) fell to 49.6 in January, the lowest since August. A reading above 50 indicates growth, while anything below signals contraction.

Hong Kong, Shanghai shares sink on China data

Hong Kong and Shanghai shares ended lower on Thursday after figures showed manufacturing activity in China contracted in January for the first time in six months. The benchmark Hang Seng Index in Hong Kong tumbled 1.51 percent, or 348.35 points, to a one-week low of 22,733.90 on turnover of HK$68.39 billion ($8.82 billion). British bank HSBC said its preliminary reading of China's purchasing managers' index (PMI) fell to 49.6 in January, the lowest since August. A reading above 50 indicates growth, while anything below signals contraction.

Hong Kong, Shanghai shares sink on China data

Hong Kong and Shanghai shares ended lower on Thursday after figures showed manufacturing activity in China contracted in January. The benchmark Hang Seng Index in Hong Kong tumbled 1.51 percent, or 348.35 points, to 22,733.90 on turnover of HK$68.39 billion ($8.82 billion). Chinese shares closed down 0.47 percent. The benchmark Shanghai Composite Index slipped 9.57 points to 2,042.18 on turnover of 76.1 billion yuan ($12.6 billion). dan/erf

Hong Kong, Shanghai stocks extend gains

Shares in Hong Kong and Shanghai rose on Wednesday, extending gains from the previous session after China's central bank injected fresh capital into financial markets to avert a cash crunch. The benchmark Hang Seng Index in Hong Kong added 0.21 percent, or 49.13 points, to 23,082.25 on turnover of HK$71.44 billion ($9.20 billion).

Hong Kong tycoon still Asia's richest person

Hong Kong tycoon Li Ka-shing has held on to his title as Asia's richest person, staying ahead of Macau casino mogul Lui Che-woo, according to Bloomberg on Friday. Li -- whose firms Cheung Kong Holdings and Hutchison Whampoa control global assets in property, telecoms, utilities, ports and retail -- had a net worth of $29.5 billion this month on the Bloomberg Billionaires Index calculated at the end of Thursday.

Hong Kong, Shanghai stocks extend gains

Shares in Hong Kong and Shanghai rose on Wednesday, extending gains from the previous session after China's central bank injected fresh capital into financial markets to avert a cash crunch. The benchmark Hang Seng Index in Hong Kong added 0.21 percent, or 49.13 points, to 23,082.25 on turnover of HK$71.44 billion ($9.20 billion). The benchmark Shanghai Composite Index surged 2.16 percent, or 43.44 points, to 2,051.75 on turnover of 84.1 billion yuan ($13.9 billion). dan-erf

Li Ka-shing's HK Electric Investments in $3 billion IPO

Li Ka-shing, Asia's richest man, raised more than $3 billion for the Hong Kong listing of his electricity assets on Wednesday in the city's biggest IPO of the year so far. HK Electric Investments -- carved out from Li's Hong Kong-listed utilities firm Power Assets -- raised $3.11 billion, selling 4.43 billion units at the low end of its HK$5.45 to HK$6.30 ($0.70-$0.81) indicative price range.

Hong Kong stocks open 0.34% lower

Hong Kong shares fell 0.34 percent in opening trade on Wednesday following a mixed lead from Wall Street. The benchmark Hang Seng Index slipped 78.35 points to 22,954.77 at the start of the session. dan/sls

Hong Kong stocks end 0.45% higher

Hong Kong stocks closed 0.45 percent higher on Tuesday, in line with a regional rally as investors picked up bargains following the previous day's losses. The benchmark Hang Seng Index added 104.17 points to 23,033.12 on turnover of HK$64.48 billion ($8.32 billion). The index was also given a boost by news that the People's Bank of China had pumped cash into financial markets to avert a liquidity crunch before the Chinese New Year. The bank said late Monday that it had provided short-term liquidity to some large commercial banks, without giving the amount.
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