Midea, ZTO Express to join Hang Seng Index on June 9 after quarterly review

Hang Seng Index compiler added Midea Group, China’s biggest maker of home appliances, and logistics operator ZTO Express to Hong Kong’s stock benchmark, enlarging the number of constituents to 85 following a regular quarterly review. Midea and ZTO would …

Asian Markets Open: Nikkei, Hang Seng Fall Amid Alibaba’s 4% Drop; Sensex Slips Over 200 Pts

Image Source: Unsplash A wave of caution swept across Asian trading floors for the second consecutive day on Friday, as investors, finding few fresh catalysts, opted for a more circumspect stance. The initial optimism that followed recent China-US trade …

Hang Seng Tipped To Open To The Upside On Friday

The Hong Kong stock market has moved lower in two of three trading days since the end of the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,450-point plateau and it's …

Hong Kong's Hang Seng Index closes 0.79 pct lower

HONG KONG, May 15 (Xinhua) -- Hong Kong stock market ended lower on Thursday with the benchmark Hang Seng Index down 0.79 percent to close at 23,453.16 points. The Hang Seng China Enterprises Index dropped 0.97 percent to end at 8,509.67 points, and the …

Layoffs reported across multiple departments at Hang Seng Bank

閱讀中文版本 In some departments, half of the staff count has reportedly been cut, while those who remain are required to reapply for their positions. According to Sing Tao Daily, Hang Seng Bank has been laying off employees across multiple departments since …

Oversold Hang Seng Nonetheless Called Higher Again

The Hong Kong stock market bounced higher again on Wednesday, one day after snapping the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,640-point plateau although it may …

Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism

Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks. Regional tech stocks surged after Nvidia announced the sale of over 18000 AI …

Hong Kong's Hang Seng Index opens 0.23 pct lower

Surprise lay-offs hit Hong Kong’s Hang Seng Bank amid HSBC’s sweeping revamp

Hong Kong retail lender Hang Seng Bank is laying off staff as part of its parent company HSBC Holdings’ aggressive restructuring aimed at enhancing cost-effectiveness and growth. The lender, 62.14 per cent owned by HSBC, informed staff in various …

Coinbase is replacing Discover on the S&P 500 stock market index: Here’s why and what that means

One of the world’s most well-known stock market indexes, the S&P 500, will soon look a little different. That’s because its roster of 500 companies is getting a shakeup, which will see the cryptocurrency exchange Coinbase Global join the index. In the …