SHANGHAI (Reuters) – China's securities mutual funds made a combined loss of 123.5 billion yuan ($19.5 billion) in the fourth quarter of last year mainly due to a weak stock market, the official China Securities Journal said on Monday. The loss made by 872 funds managed by 64 fund companies, however, was 50.8 percent...
Hong Kong and Shanghai shares extended their weekly gains, as better-than-expected global economic data this week spurred investors to take advantage of the low valuations and buy into financials and growth-sensitive sectors. (read more…) Related items F1 driver Adrian Sutil convicted Former Force India F1 driver Sutil handed 18-month suspended sentence for nightclub fight...
SHANGHAI (Reuters) – Police in China's eastern province of Zhejiang have detained a Wenzhou educational company boss for allegedly failing to repay large debts, the official Shanghai Securities News reported on Monday, the latest fallout from a credit crunch in the entrepreneurial hub. … (read the story…) Related items Five western China firms may...
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LOS ANGELES (MarketWatch) — Hong Kong stocks weakened in early Friday trading, amid losses elsewhere in Asia, with resource shares among the leading decliners. The Hang Seng Index retreated 0.2% to 20,694.29, with the Hang Seng China Enterprises Index down 0.3%, and the Shanghai Composite losing 0.2% on the mainland. Rising gold futures were...
The two Indian traders who were held hostage in the city of Yiwu for two weeks in December and now stand accused of owing 10 million RMB ($1.58 million) will on Monday begin a legal battle to clea… (more here…) Related items Hong Kong stocks trade lower, with resources weak China: India asks traders...
