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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.
Currency dealers celebrate in front of a screen showing South Korea’s benchmark stock index during a ceremony celebrating it breaking 7,000 points at the Hana Bank headquarters in Seoul on May 6. The market value of South Korea’s Samsung Electronics smashed past US$1 trillion for the first time on May 6 as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. Photo: AFP
Artificial intelligence

Macroscope | Global stock markets are bubbling along on unjustified optimism

Hype around AI and some tech companies has inflated stock prices and left investors ebullient despite the rising risk of a market crash.

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China stock market

Chinese margin traders raise wagers to record in tech stock rally

Hong Kong stock market

Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

China stock market

AI | Chinese chip ETFs pause trading as they warn of soaring premium risks

With two funds trading at least 30 per cent above net asset values, the large premiums would trigger sell-offs when sentiment turns.

People cross the street beneath a large screen showing the latest stock exchange data in Shanghai. Photo: EPA
China stock market

Why are Chinese stock markets hitting record highs ahead of Trump’s visit?

Both the ChiNext and SSE Star 50 indexes closed at record highs on Wednesday, as investor optimism over China’s tech sector surges.

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Banking & finance

Xi-Trump meeting could lift Chinese stocks 12%: Morgan Stanley

‘Moderate’ upside is possible as investors ‘direct attention back to China somewhat’, assuming trade truce is extended, bank says.

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2026 Xi-Trump summit

From ‘Taco’ to ‘Nacho’: Wall Street’s new buzzword as Trump preps for China trip

Traders’ catch-cry ‘Not a chance Hormuz opens’ replaces ‘Trump always chickens out’ as grim predictions swirl over gridlock, oil prices.

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US President Donald Trump and Chinese President Xi Jinping are due to meet in Beijing this week. Photo: Reuters
Banking & finance

Wall Street giants lead China-profit surge despite market polarisation

Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown.

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China stock market

As US stocks hit record highs, will investors keep buying or stay diversified?

US equities rally amid easing Middle East tensions, but global investors remain cautious, focusing on diversification and China’s prospects.

China’s private sector

After accounting overhaul, can Wuliangye share buys restore investor confidence?

Investors welcome Wuliangye’s multibillion-yuan share purchase plan after weak earnings and industry destocking hit sentiment.

The Wuliangye Group share purchase follows a prolonged downturn in China’s baijiu sector. Photo: Getty Images
Bonds

Chinese household appliance maker Midea seeks US$2.2b from convertible bond sale

Midea looks to tap into the debt market to fund its overseas expansion and boost offshore liquidity amid rising sentiment on the stock.

A staff member works at a Midea Group microwave oven factory in Foshan, Guangdong province. Photo: Xinhua
Hong Kong stock market

Hong Kong stocks hit 2-month high on hopes of Middle East war ending

Media reports of a proposed memorandum of understanding boost hopes of a diplomatic resolution to the US-Israel war on Iran.

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Banking & finance

CK Hutchison’s VodafoneThree exit sparks dividend speculation

Disposal of stake in UK’s biggest mobile carrier adds HK$2 billion profit, but conglomerate unlikely to declare special dividend: Citigroup.

Hong Kong stock market

‘China’s Nasdaq’ nears record high as strong tech momentum buoys Asian stocks

Asia’s stock markets received a boost as US tech giants reported strong results and President Donald Trump signalled more Iran peace talks.

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People stand beneath a large screen showing the latest stock prices in Shanghai. Photo: EPA
Hong Kong stock market

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.

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A display promotes China’s artificial intelligence industry at an expo in Beijing. Photo: Xinhua
United States

Wall Street hesitates, oil prices rise amid uncertainty in Strait of Hormuz

Despite all the uncertainty about how long the war with Iran will last, the US stock market has managed to power to record after record.

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Banking & finance

Kazakhstan’s AIFC discussing stock-trading links with Shanghai, Hong Kong

Cross-border trading connections could start with ETFs, says special economic zone’s governor.

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Hong Kong stock market

Ant Group’s bank adds stock trading to Alipay app in Hong Kong

Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.

A view of the One Causeway Bay building, home to Ant Group in Hong Kong. Photo: Dickson Lee
United States

Wall Street rises towards more records as oil prices slip

The main uncertainty for the global economy is where oil prices will go because of the Iran war.

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China stock market

Chinese property stocks primed for comeback as industry shows signs of turning

Early signs of a recovery present a buying opportunity for property stocks, which have been under pressure since home prices peaked in 2021.

US, Israel war on Iran

Macroscope | How the AI boom is helping Asia weather the Iran war energy shock

The war in Iran might as well be over for investors as positive sentiment, strong corporate earnings and the AI boom lift Asian markets.

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Currency traders work near a screen showing the Korea Composite Stock Price Index and the dollar-won exchange rate at the Hana Bank headquarters in Seoul on April 29. Photo: AP
China stock market

China names Liu Haoling as CSRC deputy amid market stabilisation push

Regulator brings in seasoned official with deep risk and compliance experience amid renewed focus on IPO scrutiny and market stability.

Liu Haoling. Photo: Handout
HKEX

HKEX posts record quarterly profit, topping forecast as listings, turnover surge

Earnings jump 27 per cent to HK$5.19 billion as global capital continues to seek safe havens and access to Asian growth: CEO Bonnie Chan.

Banking & finance

Hong Kong’s IPO lead

Hong Kong has retained its crown as the world’s busiest market for initial public offerings so far this year, helped by offerings from printed circuit board maker Victory Giant and pork producer Muyuan Foods.

Hong Kong stock market

China oil stocks rise as crude rally lifts Sinopec, CNOOC earnings

First-quarter earnings remain resilient as crude prices surge on Middle East tensions, tightening global supply and lifting margins.

China’s oil stocks have been in focus since crude prices spiked following the blockade of the Strait of Hormuz. Photo: Reuters
Business of climate change

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.

Proceeds will be used to fund the construction of wind and solar projects, according to the company’s prospectus. Photo: Shutterstock
IPO

Chinese industrial robot maker Inovance joins Hong Kong IPO queue

Company aims to enhance internationalisation strategy with listing expected to raise up to US$2 billion.

Semiconductors

Photonics chipmaker Lightelligence surges 400% in Hong Kong debut amid AI frenzy

Shanghai-based firm’s IPO reflects mainland China’s push for photonics chips as a fast-growing alternative to conventional semiconductors.

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