Ben Kwong

Most Asian Stocks Drop as China Manufacturing Slows

Most Asian stocks fell, with the regional benchmark index heading for its first decline in three days, after a preliminary report showed Chinese manufacturing expanded less than economists estimated.

Hong Kong Stocks Swing Between Gains and Losses on China

Hong Kong stocks swung between gains and losses as the outlook for global economic growth weakened and as mainland developers gained after China reported rising home prices in March.

Hong Kong Stocks Rise to One-Week High as Miners Gain With Solar

Hong Kong stocks rose to a one-week high as speculation of Chinese government support measures offset concerns about slowing growth in the nation’s economy.

Hong Kong Stocks Rise to Two-Week High on China, U.S.

Hong Kong stocks rose, with the Hang Seng Index closing at its highest level in more than two weeks, as U.S. jobless claims dropped and after a report showed China’s exports rose more than forecast.

KGI Asia’s Kwong Says Rate Cut Was Expected on Europe Turmoil

Ben Kwong, chief operating officer at Hong Kong-based KGI Asia Ltd., comments on China’s decision to cut interest rates for the first time since 2008.

Hong Kong Bourse Quarterly Profit Worst Since ’09 on Trade Drop

Hong Kong Exchanges & Clearing Ltd. missed earnings estimates, posting the lowest profit since the global financial crisis as turnover and listings fell at the world’s largest exchange operator by market value.

Hong Kong’s Hang Seng Index at 19-Month High on U.S.

Hong Kong’s Hang Seng Index capped its biggest increase for a first trading day of any year since 2009, rising to a 19-month high, as U.S. lawmakers approved a budget bill and China’s manufacturing sector expanded for a third month.

Asian Stocks Advance After Senate Passes U.S. Budget Bill

Asian stocks rose, heading for their highest close since August 2011, as the U.S. House of Representatives passed legislation averting some of $600 billion in automatic tax increases and spending cuts.

Hong Kong Bourse Profit Falls 20% as Turnover, IPOs Drop

Hong Kong Exchanges & Clearing Ltd., the world’s largest exchange operator by market value, said full-year profit plunged 20 percent, the first drop in three years, as turnover and listings fell amid concerns of an economic slowdown in China and Europe’s debt crisis.

KPMG Quits as China Forestry Auditor, Deepening Concerns About Accounting

China Forestry Holdings Co., the Chinese timber company whose shares have been suspended since January last year because of accounting irregularities, said its auditor KPMG LLC resigned citing valuation concerns.

"Investors are worried about whether the recovery of the Chinese economy will continue."

- Ben Kwong on Apr 22, 2013

China

Europe

Bloomberg News

Dollar Strengthens as Bunds Drop With Gilts on Fed

Most Asian Share Markets Advance Before Fed Meeting

Yen Weakens Against Dollar Before Fed Meeting; Aussie Declines

European Car Sales Fall to 20-Year Low Amid Unemployment

G-8 Leaders See Worst Over for World Economy After Summit