Short sellers have never been so sure that Zoomlion Heavy Industry Science & Technology Co., China’s second-biggest maker of construction equipment, will drop as building slows and customers fall behind on payments.
For casino billionaire Sheldon Adelson, what happens in Macau doesn’t always stay in Macau as U.S. courts probe his operations in the world’s biggest gambling hub. The scrutiny has investors favoring local rivals.
Hong Kong stocks fell, paring this week’s gain, as France’s borrowing costs rose at a bond auction, adding to concern that Europe’s debt crisis is deepening and tempering gains by Chinese oil producers after a tax cut.
Hong Kong’s record run of initial public offerings is faltering as tumbling stock prices prompted Bluestar Adisseo Nutrition Group and China Datang Corp. to delay or withdraw a maximum $2.6 billion of share sales.
Hong Kong stocks rose, driving up the Hang Seng Index for a third consecutive day, as airlines climbed after Japan made progress in stabilizing a crippled nuclear plant and cement makers gained on the demand outlook.
Investors are increasing bearish trades around the world by the most in at least five years, convinced the lowest valuations since 2009 will prove no barrier to losses after $11 trillion was erased from equities.
The broadest gauge of equity prices in Hong Kong is posting its longest streak of gains in seven years, pushed higher by speculation China’s economy will rebound as central banks hold down interest rates.