Hong Kong’s Hang Seng Index rose over 1.3% in Thursday morning trade in line with positive cues from Wall Street the day before after July consumer inflation in the U.S. came in at 8.5%, below the expected figure of 8.7%, calming fears about aggressive rate hikes by the Fed.
Hong Kong shares opened in the red on Wednesday, with the benchmark Hang Seng Index losing 0.83% in opening trade as investors turned their eyes toward inflation data from China and the U.S.
The Hong Kong Stock Exchange has put out a filing by Alibaba Group Holding Ltd (NYSE: BABA) that seeks to change its secondary listing status on the Main Board of the Hong Kong Stock Exchange to a primary listing.
E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) is in talks to acquire over 51% stake in logistics firm Ecom Express Ltd for $500 million-$600 million, India's
Hong Kong shares were mixed on Tuesday morning, with the benchmark Hang Seng Index down more than 0.1%, as investors looked ahead to crucial U.S. inflation data that will decide the course of further rate hikes by the Federal Reserve.
Shares of Alibaba rose 1.5% in opening trade, while those of JD.com lost over 2%.
Chinese tech giant Tencent Holdings Ltd. (OTC: TCEHY) is planning to shut down its content creation app Kandian next Monday as part of a broader strategy to become more efficient, the