Goldman says Beijing is stepping up support for businesses – and names stocks that will get a boost

Whether it’s more government spending or an interest rate cut, Goldman Sachs is expecting a range of policy support in China – and has stock picks for each policy.

JPMorgan upgrades its view on China’s Alibaba, Tencent and Meituan

This photo from September 25, 2020 shows Jack Ma, founder of Alibaba Group, attending the opening ceremony of the 3rd All-China Young Entrepreneurs Summit in Fuzhou, Fujian Province of China. Alibaba is among the Chinese technology stocks recently upgraded by JPMorgan analysts. Lyu Ming | China News Service via Getty Images JPMorgan has upgraded Chinese … Read more

Hong Kong’s Hang Seng index leads gains as Asia-Pacific stocks rise

SINGAPORE – Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more

China economic data, Covid, inflation

SINGAPORE – Shares in the Asia-Pacific gave up early gains on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Tech stocks in Hong Kong surged before paring some gains following bad news from China on the economic front. The Hang Seng Tech index was up more than 2% at one … Read more

Hong Kong’s Hang Seng index drops 3% as Asia stocks fall

SINGAPORE – Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed … Read more

Asia-Pacific stocks mixed as oil prices drop more than 3%

SINGAPORE – Shares in Asia-Pacific traded mixed on Monday morning, as oil prices declined more than 3%. In Japan, the Nikkei 225 slipped 0.42% while the Topix index shed 0.1%. South Korea’s Kospi declined 0.7%. In Australia, the S & P / ASX 200 climbed 0.19% in morning trade. MSCI’s broadest index of Asia-Pacific outside … Read more

China tech stocks in Hong Kong surge amid hopes of easing regulations

The Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, on January 21, 2021 in Hong Kong, China. Zhang Wei | China News Service via Getty Images Shares of Chinese internet giants in Hong Kong soared Wednesday, continuing an … Read more