Tobias Ellwood, chair of the defence select committee and a supporter of Rishi Sunak, urged fellow Conservative MPs to rally around the former chancellor.
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Asia-Pacific shares were mixed on Monday after U.S. stocks soared on Friday on a report that some Fed officials are concerned about tightening policy too ...
[Apple](/quotes/AAPL/) and [Amazon](/quotes/AMZN/) will report Friday. [Meituan](/quotes/3690-HK/) shed 4.87%, while [JD.com](/quotes/9618-HK/) declined around 6% as well. The [Kospi](/quotes/.KS11/) in South Korea gained 1.04% to 2,236.16, and the Kosdaq added 2.08% to 688.50. [Authorities in Japan reportedly intervened in the forex market on Friday,](https://www.cnbc.com/2022/10/22/japan-reportedly-intervened-buying-yen-in-fx-market-late-friday.html) causing the [yen](/quotes/JPY=/) to strengthen sharply. [Brent crude futures](/quotes/@LCO.1/) were 1.57% lower at $92.03 per barrel, while [U.S. On Monday morning in Asia, the yen briefly popped to 145-levels. The congress ended on Saturday. The Nasdaq Composite climbed 2.31% to 10,859.72. The S&P 500 added 2.37% to 3,752.75. [Nikkei 225](/quotes/.N225/) climbed 0.31% to 26,974.90 and the Topix was up 0.28% to 1,887.19. But the currency continued to seesaw. [better-than-expected economic data](#107139258-_N742zxR3) before falling again.
The Hang Seng Index slumps to another new low as investors see more risks from China's leadership reshuffle over the weekend. Tech and property stocks bear ...
Chinese stocks headed for their biggest daily plunge in Hong Kong since the 2008 global financial crisis and the yuan weakened to a 14-year low, ...
[record](/news/terminal/RK8XTCT0G1KW) amount of equities via trading links in Hong Kong and fueling a nearly 3% loss in the CSI 300 Index. Foreign investors fled mainland markets, selling a A sense of exasperation swept across Chinese markets as President Xi Jinping moved to stack his leadership ranks with loyalists, with stocks capping their worst day in Hong Kong since the 2008 global financial crisis and the yuan weakening to a 14-year low.
Hong Kong-listed shares of tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd plunged 10% and 8% respectively, dragging the Hang Seng Tech Index ...
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Hong Kong stocks plunged five percent to a 13-year low Monday as investors were spooked by Chinese President Xi Jinping's decision to hand key economic ...
"While China reported macro data that beat expectation, the market is on a way down, as the leadership reshuffle and tensions between China and US continue to drag down sentiment and adds uncertainty." "This happened in some of the lockdowns in the second quarter." The Shanghai Composite Index slipped 2.02 percent, or 61.37 points, to 2,977.56, while the Shenzhen Composite Index on China's second exchange shed 1.76 percent, or 34.59 points, to 1,932.34.
HONG KONG -- Hong Kong's stock market fell sharply on Monday amid concerns over China's economic growth and COVID-19 approach.Chinese stocks.
HONG KONG/SHANGHAI : Hong Kong stocks opened sharply lower on Monday and the yuan weakened after the membership line-up of China's governing body heightened ...
Onshore yuan fell to its weakest level in 15 years. Hong Kong-listed Chinese developers plummeted 9 per cent to record lows. Advertisement
Shanghai, China, Oct 24 (EFE).- The Hong Kong Stock Exchange fell sharply on Monday with losses of 6.36% following the Chinese Communist Party congress over ...
The digital sector has been at loggerheads with the Communist Party since November 2020, when Beijing pulled the plug on the initial public offering of Alibaba’s ‘fintech’, Ant Group, which was set to be the largest in history but has instead resulted in millions in fines and official investigations. Only 6 of the 73 listed companies on the Hang Seng evaded losses on Monday with banking giant HSBC (+1.32%) and infrastructure conglomerate CK Infrastructure Holdings (+ 4.12%) managing to escape unscathed. A notable downward trend among at least a dozen tech firms that recorded losses of more than 10%, saw Tencent and Alibaba plummet 11.43% and 11.42%, respectively, surpassed by other heavyweights in the sector such as Baidu (-12.2%), JD.com (-13.17%) and Meituan (-14.83%), as well as by the real estate company Longfor Group (-15.08%). The Hang Seng China Enterprises, a gauge of Chinese stocks listed in Hong Kong, plunged by 5.4%, while the one that monitors technology firms, the Hang Seng Tech Index, dropped to 9.65%. The Hang Seng index already ended last week at a 13-year low, and on Monday slumped to the lowest levels since 2009 when the world’s markets collapsed amid the global financial crisis. Shanghai, China, Oct 24 (EFE).- The Hong Kong Stock Exchange fell sharply on Monday with losses of 6.36% following the Chinese Communist Party congress over the weekend, where Xi Jinping secured an unprecedented third term as party leader and shook up the cabinet to instate loyalists.
Stock prices weaken as investors continue to shun local markets amid worries about China's leadership reshuffle and outlook for corporate earnings.
Accelerating downward momentum in the Hang Seng Index (HSI) raises the risk of a retest of the Great Financial Crisis (GFC) low. The index is now attempting ...
HSI would need to regain the 200-day moving average (now at about 20935) to neutralize medium-term bearish positioning. [Wall Street](https://www.dailyfx.com/dow-jones) Friday failed to spill over to stocks in Hong Kong and China– the Hang Seng Index fell over 4% on Monday morning, while the Shanghai Composite Index fell 1%. On the upside, for the immediate downward pressure to fade, HSI would need to clear the early-October high of 18164 and the March low of 18235. Importantly, the fall below 22600 has also cracked Hong Kong stocks’ long-term, structural uptrend. The 14-month Relative Strength Index, a measure of momentum, is the lowest in decades, heightening the odds of a drop towards 10676 in coming months. In reaction, Hong Kong stocks plunged to a new 13-year low on Monday.
Hong Kong's Hang Seng Index has its steepest fall since the 2008 Global Financial Crisis. Meanwhile, the offshore Chinese currency yuan hit a 14-year-low ...
Prices are indicative only. All shares prices are delayed by at least 15 mins. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. The Hang Seng Index shocked global investors on Monday with a jaw-dropping seven percent intraday decline, erasing all the gains made for the past 13 years. With only one voice to rule the country, it’s foreseeable that a more isolated, inward-looking China could create even more challenges for its long-term business partners. Hong Kong’s Hang Seng Index has its steepest fall since the 2008 Global Financial Crisis.
Hong Kong stocks traded mixed on Tuesday with the benchmark Hang Seng Index falling over 1% in morning trade as investors continued to flee mainland Chinese ...
[Chinese stocks](https://www.benzinga.com/taxonomy/term/43462) [Eurasia](https://www.benzinga.com/taxonomy/term/841141) [Hang Seng Index](https://www.benzinga.com/taxonomy/term/17820) South Korea’s Kospi was trading flat. Elsewhere in the Asia Pacific, Australia’s ASX 200 was down 0.19%. The Dow Jones futures were down 0.14% while the Nasdaq futures lost 0.24%. Alibaba Health Information Technology Limited and Lenovo Group Limited are the top gainers, having risen over 2% respectively. Shares of Alibaba traded over 0.2% higher while Xpeng shares gained over 2% in morning trade.
Hong Kong's benchmark index suffered its biggest one-day sell-off since the global financial crisis and tech stocks were routed as investors digested the ...
[This followed on the heels of China’s gaming regulator granting publishing licences for 45 games from developers including Baidu](https://www.reuters.com/world/china/china-takes-steps-ease-up-regulatory-crackdown-economy-slows-2022-06-09/), ending a nine-month freeze. Beijing has also sought to mitigate the effects of a downturn in the country’s property sector, which has roiled financial markets, cutting mortgage loan interest rates in May for some buyers, in an effort to buttress the sector. [In July, Didi was fined $1.2bn following a probe into antitrust violations](https://www.reuters.com/technology/despite-didis-12-bln-fine-china-techs-regulatory-woes-may-not-be-over-2022-07-22/#:~:text=Beijing's%20launch%20of%20a%20cybersecurity,Holdings%20(0700.HK).), effectively drawing a line under one of the most high-profile casualties of the crackdown.
Hong Kong's benchmark Hang Seng Index plunged to a 13-year-low after Chinese leader Xi Jinping cemented his power with an unprecedented third term and ...
[Newsletter](https://www.hongkongfp.com/newsletter/) [Error/typo?](https://www.hongkongfp.com/hkfp-corrections-policy/) [Contact Us](https://www.hongkongfp.com/contact-us/) [Code of Ethics](https://www.hongkongfp.com/hkfp-code-ethics/) [Support HKFP](https://support.hongkongfp.com/) The index slipped past 15,000 soon after the market opened on Tuesday morning, but it climbed back up to 15,313.22 as of noon.