Showing posts with the label Asian Stock Markets at Present.
Asia Hong Kong stocks fall, exchange operator declines LOS ANGELES (MarketWatch) -- Chinese stocks pulled lower Wednesday, with caution ahead of next week's holiday closure. Hong Kong's Hang Seng Index fell 159 points, or 0.7, to 23,055, and the Hang Seng China Enterprises Index dropped 0.9%, as investors also kept watch on a possible government shutdown next week in Washington. Shares of logistics and distribution firm Li&Fung Ltd. fell 3.9% after a report that Wal-Mart Stores Inc. is cutting orders to reduce inventory. Also lower were shares of Hong Kong Exchanges & Clearing Ltd. , down 1.1% after a breakdown in talks with ecommerce company Alibaba Group Holding Ltd. about listing its initial public offering in Hong Kong. Financial and property shares also struggled early in the session. On the mainland, the Shanghai Composite fell 0.8%. 10:16 p.m. Today Australia stocks fall, with banks leading
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Asia Hong Kong stocks rise as telecoms, casinos gain LOS ANGELES (MarketWatch) -- Chinese stocks moved higher early Wednesday, with Hong Kong's Hang Seng Index gaining after two previous sessions of declines. The benchmark rose 98 points, or 0.4%, to 23,274.41, as banking and telecom shares advanced, with ZTE Corp. shares up 1.7% as the company reportedly plans to increase U.S. handset sales by 60% this year. Casino stocks rose, with Sands China Ltd. up by 1.9% ahead of the Golden Week holiday. But a 0.4% loss in shares of Hong Kong market heavyweight HSBC Holdings PLC kept the Hang Seng's index gain in check. The Hang Seng China Enterprises Index picked up 0.6%, while on the mainland, the Shanghai Composite [cn:shcomp] rose 0.3%. Australia stocks reach for first gain in four days LOS ANGELES (MarketWatch) -- Australian stocks rose Wednesday, with an a