Chinese shares lostearly gains to profit-takers on Monday, with worry over hugesupplies of new shares from IPOs offsetting the impact ofmarket-friendly central government measures on the mainland.
China's key stock indexclosed up 4.76 percent on Friday, its third-biggest daily gainthis year, as the market played catch-up with a strong globalrally during the country's eight-day National Day holiday.
Hong Kong stocks rose for a fourth day on Thursday, with HSBC (0005.HK) advancing after itresumed talks with Royal Bank of Scotland (RBS.L) over thepurchase of RBS units in Asia.
Hong Kong stocks erased earlier
losses to close up 0.26 percent on Monday, as investors hunted
for bargains after shares fell to three-week lows, but concerns
about the state of the U.S. economy capped gains.
Asian stocks hit a fresh 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate earnings around the world.
Asian stocks hit a 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate earnings around the world.
Asian stocks took a hit on Thursday as weak U.S. retail sales underscored the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
Hong Kong shares jumped 4.4 percent in its fourth day of gains on Friday, leading the main index to its best weekly rise in a month and a half, with China stocks outperforming as investors continued to cheer hints of economic recovery in the mainland.
Tokyo stocks closed sharply higher Wednesday on rises in Asian stock markets and stronger-than-expected Japanese economic growth data.
Hong Kong stocks rebounded from morning losses, dragged by China Mobile, and closed up more than 1 percent on Wednesday after oil-related shares sparked a big rally on the blue-chip index.
Hong Kong's Hang Seng Index (HSI) Wednesday opened slightly higher by 84.12 points, or 0.32 percent, to reach 25998.27. The financial shares led the rise, such as the local banking stocks and Chinese-funded insurance stocks.
Asian markets gained on Wednesday with Japanese stocks leading the boost as financials such as Mizuho Financial Group spiked after an equity offer from Lehman Brothers Holdings Inc.
China's top e-commerce firm Alibaba.com fell below its IPO price for the first time on Tuesday before the company announced later in the day that its 2007 earnings more than quadrupled.
Asian markets shed gains from the previous day in the wake of Wall Street's declines.
Asian markets were mixed during a volatile session Thursday, with indexes in Tokyo, Hong Kong, Shanghai and Sydney wavering between gains and losses as investors assessed the Federal Reserve's half-point reduction in a key interest rate overnight and the health of the U.S. economy.
Hong Kong stocks on Wednesday rose again as investors made more gains with oil producer PetroChina Co Ltd ending a five session fall.
Hong Kong stocks on Thursday increased for a seventh straight session after a U.S. jobs report indicated growth in the jobs market, easing worries about a recession.
Asian markets were volatile on Tuesday with indexes shifting between gains and losses after a turbulent Monday.
Shares of Alibaba.com more than doubled in its debut in Hong Kong debut, marking the largest initial public offering by an e-commerce company since Google Inc.
Asian markets fell sharply Friday, hurt by a sell-off on Wall Street.
Asian indexes were mixed Thursday, with financials dropping in Japan after Mizuho Financial Group reported losses related to U.S. subprime markets, while South Korean shares jumped on Samsung Securities a day after the brokerage firm announced strong earnings.
Asian markets advanced sharply on Thursday alongside Hong Kong and Sydney and Singapore setting new intraday highs as financial and energy stocks soar.
