Zhang Shidong

2 days ago | scmp.com | Zhang Shidong

Hong Kong stocks retreated from a three-month high as property developers and lenders slumped after the monetary authority intervened in the currency market and mopped up liquidity, threatening to push up local interest rates. The Hang Seng Index fell 0.5 per cent to 24,348.08 at 10.03am local time on Thursday. The Hang Seng Tech Index gained 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both slipped 0.1 per cent.

3 days ago | scmp.com | Zhang Shidong

Hong Kong stocks rose to a three-month high, tracking overnight gains in US equities, on speculation the Federal Reserve will resume cutting interest rates sooner this year amid a slump in global oil prices. The Hang Seng Index gained 0.8 per cent to 24,379.86 at 10.11am local time, heading for the highest close since March 19. The Hang Seng Tech Index rallied 1.9 per cent. On the mainland, the CSI 300 Index added 0.1 per cent while the Shanghai Composite Index was little changed.

3 days ago | scmp.com | Zhang Shidong |Yulu Ao

A blistering recovery in Hong Kong’s initial public offering (IPO) market this year has delivered a bonanza for investors, with returns above 30 per cent bucking a sluggish economy and languid property market. Holding new shares from the 34 companies that have pulled off offerings in 2025 would generate an average return of 34 per cent, according to Bloomberg data. Even selling the stocks upon their debuts would have fetched a 10 per cent gain, the data showed.

4 days ago | scmp.com | Zhang Shidong

Hong Kong stocks rose by the most in two weeks amid a slide in global oil prices after US President Donald Trump claimed a tentative ceasefire between Iran and Israel, fuelling risk appetite and easing concerns about the disruption of global oil supply. The Hang Seng Index advanced 1.5 per cent to 24,050.54 at 10.05am local time, heading for the biggest gain since June 9. The Hang Seng Tech Index advanced 1.8 per cent.

5 days ago | scmp.com | Zhang Shidong

Hong Kong stocks retreated on Monday as the US attack on Iran’s nuclear facilities escalated the military conflict in the Middle East, weighing on appetite for risk assets and fuelling concerns about disruption of global oil supply. The Hang Seng Index fell 0.8 per cent to 23,349.92 as of 10.04am. The Hang Seng Tech Index dropped 0.9 per cent. On the mainland, the CSI 300 Index slid 0.3 per cent, and the Shanghai Composite Index shed 0.1 per cent.