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03.07.25 - 09:36
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Chinese stocks to stagnate in second half on lack of catalysts, top brokerages say (SCMP)
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Chinese stocks are likely to tread water in the second half as investors refrain from big bets amid a lack of fresh catalysts, according to the nation's top-ranked brokerages.
A deflationary trend and sluggish earnings growth will continue to weigh on yuan-denominated stocks, but state intervention and an economic recovery – albeit weak – will put a floor under the market, according to GF Securities, Industrial Securities and Shenwan Hongyuan Group.
China's benchmark CSI 300 Index barely budged......
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03.07.25 - 08:42
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AirPod maker Luxshare next to plan IPO in Hong Kong as pipeline swells (SCMP)
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Luxshare Precision Industry, which supplies Apple's AirPods and some iPhone models, plans to sell new shares in Hong Kong in what could be one of the 10 biggest tech listings this year after Beijing opened the door for more companies to raise capital offshore.
The Shenzhen-listed firm said its listing plan was to improve overseas financing capabilities and accelerate global expansion, according to its exchange filing on Thursday. The firm is said to be seeking more than US$1 billion from its......
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03.07.25 - 06:30
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Midday Takeaway: HSI Closes Midday at 23,989, Down 232 pts; HSTI Closes Midday at 5,205, Down 63 pts; XIAOMI Down over 4%; BABA Down over 3%; HENDERSON LAND, XINYI ENERGY, ASCENTAGE, GLOBAL NEW MAT, GREAT EAGLE H Hit New Highs (AAStocks)
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At midday close, HSI dropped 232 pts or 1.0% to 23,989. HSTI dropped 63 pts or 1.2% to 5,205. HSCEI fell 108 pts or 1.2% to 8,616.Active Heavyweights:XIAOMI (01810.HK) closed at $57.5, down 4.4%BABA (09988.HK) closed at $105.5, down 3.6%MEITUAN (03690.HK) closed at $122.9, down 2.5%HKEX (00388.HK) closed at $417.6, down 1.3%TENC......
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03.07.25 - 04:36
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Hong Kong stocks drop as US trade deals signal hurdles for China′s exports (SCMP)
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Hong Kong stocks fell after US trade deals with Vietnam and other trading partners showed Washington was putting hurdles to curb Chinese goods shipped from offshore factories, potentially heightening trade tensions.
The Hang Seng Index dropped 1.2 per cent to 23,936.66 at 10.23am local time on Thursday, surrendering all the gain on Wednesday. The Hang Seng Tech Index declined 1.1 per cent. On the mainland, the Shanghai Composite Index fell 0.2 per cent and the CSI 300 Index rose 0.1 per......
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03.07.25 - 03:30
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SHOUCHENG's Fund Ramps Up Investment in YuShu Technology (AAStocks)
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SHOUCHENG (00697.HK) announced that Beijing Robot Fund, managed by its wholly-owned subsidiary, has invested in Hangzhou YuShu Technology.This investment was a follow-up to the one in 2024 to further promote the product iteration and upgrading of the invested company and enhance its leading position in the industry, according to......
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03.07.25 - 01:36
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Emperor′s financial struggle mirrors current state of Hong Kong real estate (SCMP)
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Hong Kong developer Emperor International Holdings' struggles reflect the highs and lows the city's property sector has endured over the past few years.
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties.
But this golden era ended abruptly.......
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