HONG KONG: CLOSING WRAP, 20Jun2013

HSI and HSCEI take a dive today, -1.13% and 1.53% respectively. China Mengniu was the major story, spiking 6.9% after it announced its bid for Yashili. HK unemployment came in at 3.4% and Chow Tai Fook rallied on positive outlook. Here’s what you missed.

HK shares end down 1.1% for 1st loss in 4 days

Hong Kong shares had their first loss in four days, with cyclical counters hurt by dashed hopes for monetary easing in China and pressure on defensive plays ahead of policy statements by the U.S. Federal Reserve. Read More, Reuters 

 

HONG KONG: CLOSING WRAP, 14Jun2013

Mixed emotions today with HSI +0.39%, andHSCEI -0.22%. US$10bio of Asia IPOs are under threat if equity markets remain in turmoil. The HK government announced to expect new housing measures in October and construction output climbed 14.4%.

HONG KONG: BEFORE THE OPEN, 14Jun2013

HK officials defend additional property stamp amid industry criticism. Swire goes east and Dongfeng Motors finds support from Renault. CAA Resources is the latest IPO casualty while Freetech comes to market today. Edward Snowden is still dominating local headlines outlining the USA’s HK/China hacking activities. PLUS: Check out the girlfriend he left behind. Here’s what you need to know before the open. Happy Friday.

Sell in May go away… How bad has your portfolio been dinged in June?

Enjoying summering in the Hamptons? I hope you don’t own any Asian equities. Check out how the major indices have fared so far in June.

 

HONG KONG: BEFORE THE OPEN, 13Jun2013

Where is Edward Snowden? The CIA whistle blower has gone dark in our fair city. Chief Executive Leung speaks to Bloomberg US on Snowden and China. Civil servants get a pay rise and Hopewell Property pulls the plug on their IPO plans. Here’s what you need to know before the open.

HONG KONG: CLOSING WRAP, 10Jun2013

HSI bounces from lows while HSCEI hits new ones. Investment volume in HK climbs in Q1, Air China falls most in 2 months. Agile defines fat finger trading and prominent media mogul suggests his politico commentary caused his assault.

HSI rebounds from 7 week low

Hong Kong shares bounced off a seven-week low on Monday, supported by Tencent Holdings after U.S. jobs data on Friday eased some jitters about the Federal Reserve paring its massive stimulus in the near term. Read More, Reuters

HONG KONG: CLOSING WRAP, 06Jun2013

Hong Kong shares follow the US and China closing down just over 1% today. Home prices rise 0.2% week on week according to Nomura. Shun Tak takes down 33.3% of Jetstar, Hutch plans to buy O2 Ireland and Hopewell looks to spin off and list its property arm. Here’s what you missed.

It was a busy day of acquisitions for Hong Kong’s tycoons!

Hong Kong shares follow the US and China down 1.05% COB

Read More, Reuters