News for Longfor Group Holdings Limited (0960.HK)

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Positive economic data for China growth and the approved restructuring of a major property developer lifted stocks in Hong Kong Thursday in the mid-morning session, although most failed to hold onto the gains in the afternoon. Hang Seng Index was flat by end of the trading day, just 10 basis points higher at 17,212.43 points.

Shares of Hong Kong property developer China Evergrande Group Limited (OTC: EGRNF) surged after it resumed trading in Hong Kong Tuesday morning, buoyed by speculative bets in an otherwise down market.

Continued troubles in the real estate sector in China are scaring investors in Hong Kong and leading to talks of a potential China property-led global market rout.

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The real estate sector is one of the most lucrative industries in the world.

Hong Kong stocks witnessed a sell-off on Thursday despite the Federal Reserve’s 50 basis points rate hike being on anticipated lines as central bank officials projected rate increases through next year

Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining 0.9% in opening trade after softer-than-expected consumer price inflation in the U.S. took major Wall Street indices higher.

Hong Kong stocks opened in the red on Monday, with the benchmark Hang Seng losing 1% in morning trade, as investors and traders shifted focus to U.S.

Hong Kong stocks opened mixed on Wednesday morning as investors and traders remained cautious over recession concerns that sparked a weak session on Wall Street the day before.

Hong Kong stocks opened in the red on Thursday, with the benchmark Hang Seng losing over 2.5% in morning trade, following news of Tencent cutting its $20 billion stake in Meituan.

Hong Kong stocks traded mixed on Tuesday morning, with the benchmark Hang Seng Index trading 1.87% higher, while some electric-vehicle stocks took a hit. Different voices from the U.S.

Hong Kong stocks opened in the green on Monday, with the benchmark Hang Seng rising over 3% in morning trade, after China eased some of its harsh COVID-19 rules. The country reduced quarantine by two days for those who come in close

Hong Kong shares opened in the green on Monday, with the benchmark Hang Seng rising 0.63%, as investors and traders shrugged off a contraction in China’s factory activity while focussing more on the possibility of the U.S.

Hong Kong stocks opened in the red on Tuesday after the Nasdaq index closed at its lowest level since July 2020 and a semi-conductor stock rout spread across Asian markets like Taiwan and South Korea which opened for trading after the holidays.

Hong Kong stocks opened in the red on Friday ahead of the release of the U.S.