Alex Wong News
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Hong Kong stocks swung between gains and losses as companies including SJM Holdings Ltd. rose after reporting higher profit, while mainland developers dropped amid plunging land sales.
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Hong Kong stocks retreated from a seven-week high with China Construction Bank Corp. leading the decline as Singapore’s sovereign wealth fund sold $2.4 billion of mainland lenders’ shares. Stocks also fell as unemployment in Europe climbed to a 15-year high.
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Hong Kong stocks rose, with the benchmark index trimming yesterday’s loss amid lower than average volume, as property companies and lenders climbed on speculation China may take measures to support home-buying.
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German doctors racing this summer to halt the deadliest outbreak on record of E. coli turned to a Chinese genome-sequencing center for help unraveling the bacteria’s genetic code, bypassing more established institutions in the U.S. and Europe.
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Hong Kong’s Hang Seng Index rose, capping its longest winning streak since May, as Chinese financial shares extended gains, and as metal producers advanced.
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Esprit Holdings Ltd., the biggest Hong Kong-listed clothing retailer, fell the most in three weeks in trading in the city after a magazine report said the company overstated its number of stores.
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Equities traders in Hong Kong may soon have to say goodbye to lunches of sautéed ostrich and crispy pigeon at Michelin-starred restaurants and settle for a sandwich at their desks instead.
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Hong Kong stocks fell, with the city’s benchmark index declining for the first time in four days, as foreign direct investment in China slumped and European leaders delayed a second aid package for Greece.
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Hong Kong stocks rose on the opening trading day this year as manufacturing expanded in India and China and as economists forecast the U.S. labor market will improve. Chinese refiners gained on a report they may be allowed to set oil prices.
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Hong Kong stocks swung between losses and gains after China’s inflation unexpectedly accelerated in January, and as Greek policy makers failed to agree on pension cuts needed to secure a second debt bailout.
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