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Stocks

Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
A character called TV Buddy stands outside TVB City in Tseung Kwan O on April 25, 2024. Photo: Yik Yeung-man
Hong Kong stock market

Chairman of TVB makes personal investment in Hong Kong broadcaster

Thomas Hui To says acquisition of shares in Young Lion Holdings reflects his ‘firm confidence in TVB’s sustained growth trajectory’.

IPO

More Hong Kong IPO hopefuls emerge as sentiment draws investors

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Family offices

Trump’s tariffs are driving Asia’s ultra-rich investors away from US assets

Hong Kong stock market

Hong Kong stocks extend best winning run in a year on tariff relief hopes

US President Donald Trump says trade talks in Switzerland could yield ‘substantive’ tariff cuts.

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General view of Exchange Square in Central. Photo: Jelly Tse
Donald Trump

Trump calls US Fed chair a ‘fool’ after pause in rate cuts

The Fed said on Wednesday that it will hold the US central bank’s key lending rate at between 4.25 per cent and 4.5 per cent.

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IPO

Stars align for mainland-listed firms’ Hong Kong share sales

30 A-share firms have applied to sell shares in Hong Kong this year, surpassing last year’s 16, according to exchange data.

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United States

Wall Street gains as China boosts its economy ahead of US trade talks

High-level US-China trade talks this weekend and Beijing’s plans to cut interest rates fuel gains on Wall Street.

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A traders works on the floor of the New York Stock Exchange on Wednesday. The S&P 500 index, Dow Jones Industrial Average and Nasdaq composite all opened higher. Photo: via AFP
Electric & new energy vehicles

Geely Auto offers to buy full control of Zeekr, delist EV unit from NYSE

Take-private offer could cost Geely as much as US$2.24 billion, values the NYSE-listed firm at US$6.5 billion.

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Taiwan economy

Taiwan currency’s surge ‘a warning’ in Asia’s de-dollarisation: analysts

Is the Trump administration’s hostility pushing the region away from a staple of American power?

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Hong Kong stock market

Hong Kong stocks rise ahead of US-China trade talks in Switzerland

Hong Kong stocks rise as US-China trade talks seek de-escalation, boosting Hang Seng Index.

Exchange Square in Central. Photo: Jelly Tse
IPO

Hong Kong to offer ‘tailored guidance’ for specialist tech firms seeking IPOs

The Technology Enterprises Channel aims to assist innovative firms raise funds, as outlined in Paul Chan’s budget speech in February.

The Hong Kong stock exchange is taking steps to make it easier for specialist technology and biotechnology firms to list in the city. Photo: Nathan Tsui
Donald Trump

Buffett warns against Trump tariffs, says he wants to retire at end of year

The Berkshire Hathaway chair stunned shareholders with news that he hopes to hand over the reins to Greg Abel within months.

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United States

Outside In | Uncertainty unleashed by Trump 2.0 will exact a high price

Companies and countries alike are seeing hedging costs hit the roof amid a loss of trust and certainty in the US, the dollar and Treasuries.

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United States

Wall Street gains on tariff optimism, strong jobs data

The gains also come amid signs of a de-escalation in the US’ trade war with China.

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Traders work on the floor of the New York Stock Exchange. Photo: AP
Hong Kong stock market

Hong Kong stocks surge on trade-talk optimism, US tech gains

Benchmark Hang Seng Index heads for third weekly gain as China’s Commerce Ministry says it is considering trade talks with the US.

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Shipping containers are stacked in front of docked vessels and gantry cranes at the Yantian International Container Terminal on April 12, 2025, in Shenzhen. Photo: Getty Images/TNS
Banking & finance

Opinion | As markets recover from Trump tariff shock, how long will new normal last?

While calm may have been restored for now, the fact is that Trump’s flip-flops have caused fundamental damage to the global economy.

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US-China relations

Trump says US kids may get ‘2 dolls instead of 30’, but China will suffer more

The comments come amid news of the US economy shrinking, which the president says ‘has nothing to do’ with his tariffs.

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United States

Wall Street storms back from early losses, concluding a month of Trump chaos

Stocks tumbled at first after news of a shrinking US economy, but bounced back following a good report on inflation.

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A trader at the New York Stock Exchange on Tuesday. Photo: Reuters
Donald Trump

Trump blames Biden as US economy unexpectedly shrinks

US GDP fell at an annual rate of 0.3 per cent in the first quarter, after growth of 2.4 per cent in the last months of 2024.

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Hong Kong stock market

Worst in 50 years: Trump gets ‘F’ in 100-day report card for markets

The Dow and the S&P 500 plunged in first 100 days of Trump’s second term, while US dollar weakened against yen and Swiss franc, data says.

HKEX

HKEX posts record quarterly profit amid trading boom, new stock listings

HKEX’s first-quarter profit of HK$4.08 billion (US$526 million) exceeds analysts’ estimate of HK$3.99 billion.

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Hong Kong Exchanges and Clearing operates Asia’s third-largest stock market. Photo: Jonathan Wong
Hong Kong stock market

AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

Hong Kong shares fell on Wednesday after China reported poor manufacturing data for April. Photo: Jelly Tse
Banking & finance

HSBC to buy back US$3 billion in stock after quarterly profit beats estimates

HSBC says in a worst-case scenario, it could book an additional bad debt provision to guard against a potential global economic slowdown.

Hong Kong stock market

Hong Kong stocks rise as investors await earnings from Chinese banks

HSBC gains 3 per cent to HK$88.35 after first-quarter profit beat estimates, announces US$3 billion share buy-back plan.

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Electric & new energy vehicles

Seres, Huawei’s carmaking partner, plans Hong Kong listing to fund expansion

Chongqing-based Seres joins state-owned Chery Automobile and EV battery maker CATL in seeking to raise funds in Hong Kong.

Employees work on the assembly line at Chinese carmaker Seres’ factory in Chongqing. Photo: VCG via Getty Images
Hong Kong stock market

Goldman sees China funds scooping up US$110 billion of Hong Kong-listed stocks

Southbound inflows have reached US$78 billion this year, surpassing annual net purchases for most years, except in 2020 and 2024: Goldman.

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People walk past an electronic board showing some Hang Seng stock indices in Central, Hong Kong. Photo: dpa
Hong Kong stock market

Hong Kong stocks edge down as Beijing economic briefing underwhelms

‘Wait-and-see approach’ among investors remains relatively strong without clear China stimulus measures, analyst says.

US-listed Chinese stocks

Wall Street’s data-crunching skeptics sit out the turnaround trade

Wall Street’s skeptics see reason to doubt that Wall Street’s history of quick resurrections will repeat.

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