SHCI, SZCI UP Over 3% Shanghai and Shenzhen markets rebounded 2.5%-4.6% today. ChiNext peaked at 2,011 and last printed at 1,994, up 4.6%. Shanghai Composite Index and Shenzhen Component index hit the high/low at 2,755/2,649 and 9,491/9,056. Two indices last stood at 2,737 and 9,418, up 3.1% and 3.7%. CSI 300 Index finished at 2,946, up 3.2%. The turnover in Shanghai and Shenzhen markets rose to RMB180 billion and RMB248.7 billion. Yet, in the past week, Shanghai Composite Index and Shenzhen Component Index still collapsed 6.1% and 6.9%. ChiNext and CSI 300 Index also tumbled 7.2% and 5.4%
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HSI GAINS 487 PTS!!! Hong Kong market headed north after early losses. Hang Seng Index opened down 57 pts. Yet, the Bank of Japan said before the midday that it would adopt a negative interest rate policy. Hong Kong's benchmark index was stimulated and peaked at 19,709, up 514 pts. Hang Seng Index finished at 19,683, up 487 pts or 2.5%. Hang Seng China Enterprises Index rose 212 pts or 2.7% to 8,241. The market turnover amounted to $90.562 billion. Almost all of the blue chips advanced. Heavyweight HSBC HOLDINGS (00005.HK) +1.150 (+2.156%) Short selling $328.68M; Ratio 22.403% rebounded 2.2% to $54.5. HKEX (00388.HK) +8.100 (+4.994%) Short selling $151.69M; Ratio 9.034% leaped 5% to $170.3. CHINA MOBILE (00941.HK) +1.000 (+1.181%) Short selling $468.79M; Ratio 24.410% rose 1.2%. BOC HONG KONG (02388.HK) +0.720 (+3.640%) Short selling $84.84M; Ratio 31.472% and HANG SENG BANK (00011.HK) +4.400 (+3.546%) Sho
DRAGON AIR IS TO CHANGE NAME TO:CATAHY DRAGON CATHAY PAC AIR (00293.HK) -0.140 (-1.149%) Short selling $12.02M; Ratio 32.849% announced that the name of "Dragonair" will be changed to "Cathay Dragon" and a new logo will be designed. The chief executive officer Ivan Chu said the airline would like to let more passengers identify that "Cathay Dragon" is the member of CATHAY PAC AIR through the rebranding. He said the move will enable the airline to capture the passenger flows across the two carriers. The "Cathay Dragon" aircraft will start its first flight in April. Ivan Chu stressed that there will be no changes in the operations of two airlines. The change of name is a rebranding instead of a merger. He added that the airline will spend more than $100 million for brand promotions across the world.
HSI up 143 pts! On the futures settlement day, Hong Hong bourses headed north. Hang Seng Index once receded in the early session and hovered at the level around 19,000 pts, after opening higher by 31 pts this morning. The benchmark index bounced back and eventually finished the day trading higher by 143 pts or 0.75% to 19,195 pts. Hang Seng China Enterprises Index advanced 69 pts or 0.87% to 8,028 pts at close. Market turnover amounted to $75.472 billion. The U.S Federal Reserve, as expected, maintained the interest rate unchanged. In the statement, the Fed mentioned that it is closely monitoring global economic and financial developments. Heavyweight HSBC HOLDINGS (00005.HK) +0.450 (+0.851%) Short selling $523.17M; Ratio 43.448% ticked up 0.96%, while STANCHART (02888.HK) -0.400 (-0.755%) Short selling $12.11M; Ratio 12.559% inched down 0.8%. AIA (01299.HK) -0.700 (-1.630%) Short selling $501.72M; Ratio 37.511% faded 1.6%. TENCENT (00700
European Stocks:Stoxx Europe 600 Index, 3 Major Indexes Open Down Less Than 0.4% The U.S stock futures were broadly softened on falling oil prices. Major European bourses failed to sustain yesterday's uptrend. The Stoxx Europe 600 Index opened lower 0.3% to 338.2. DAX opened down nearly 0.4% to 9,787. CAC 40 last printed at 4,345, down nearly 0.3%. FTSE 100 last stood at 5,895, down nearly 0.3%.
SHCI, SZCI Soften at Close; Once Recover All Lost Grounds after Midday Shanghai and Shenzhen stock markets were in choppy trading today. Shanghai Composite Index and Shenzhen Component Index once tumbled 4-5.2% at most after midday but met resistance after hitting the low at 2,638/ 8,986. The indexes once recovered all the lost grounds at 2:30 p.m. but eventually finished the day trading down by 0.5%/ 0.6% at 2,735/ 9,422. CSI 300 Index hit the high/ low at 2,963/2,839 to close at 2,930, down 0.3%. The ChiNext Index closed at 1,997, up 0.2%. Turnover of Shanghai and Shenzhen bourses slightly decreased to RMB207.4 billion and RMB302.8 billion.
HSI Recedes 344 pts; Developers Face Hefty Selling Hang Seng Index advanced 351 pts at most this morning after opening up 192 pts. However, the increase narrowed after the midday and the index even receded to the low point of 18,534 after Shanghai Composite Index dived more than 3%. Hang Seng Index thus hit the new low for 3.5 years. It last stood at 18,542, down 344 pts or 1.8%. Hang Seng China Enterprises Index finished at 179 pts or 2.2% to 7,835, hitting the low for more than six years. The market turnover amounted to $96.49 billion. All blue chips headed south. Heavyweight HSBC HOLDINGS (00005.HK) -1.250 (-2.352%) Short selling $591.37M; Ratio 22.733% faded 2.4% to $51.9. STANCHART (02888.HK) -1.400 (-2.647%) Short selling $9.74M; Ratio 6.000% slid 2.6% to $51.5. AIA (01299.HK) -0.050 (-0.124%) Short selling $333.38M; Ratio 22.950% and TENCENT (00700.HK) -2.300 (-1.699%) Short selling $1.20B; Ratio 28.962% gave up 0.1% and 1.