July 3, 1997 |
After being closed for five days while China took over the colony, Hong Kong's stock market opened higher today before slipping back to below-record territory. Investors sent the benchmark Hang Seng index to an all-time of 15,196.79 on Friday, ending more than a century of trading under British rule with a flourish and signaling confidence in Hong Kong's financial future. In the first day of trading under Chinese sovereignty, the index opened up 149.20 points at 15,345.
October 24, 1997 |
Thursday's stock market declines in the United States, coming after sharp falls in the Hong Kong stock market, may be worrisome to U.S. investors fearing that events halfway around the world are exerting a major influence on their own portfolios. Here are some basic questions that American investors might have about how foreign markets affect U.S. stocks and bonds and whether the latest declines presage further trouble. * Q: We're thousands of miles from Hong Kong.
October 24, 1997
The plunge in the Hong Kong stock market this week--triggered by the perceived threat of currency devaluation there--has had a deeper global impact than the earlier crises in other Asian markets, because Hong Kong is the region's largest market, excluding Japan. What's more, many investors are worried about the potential response of Hong Kong's new Chinese rulers--especially President Jiang Zemin, to whom Hong Kong Chief Executive Tung Chee-hwa answers.
October 24, 1997 |
For most of the last few years, the growing consensus on Wall Street has been that it would take a big shock to end U.S. stocks' long bull market--some kind of dramatic and unexpected event that would stun the global economy. Could the current financial crisis in Asia, which began with the equivalent of a fire in Thailand's small and relatively unimportant markets last spring, be such an event?
December 5, 1992 |
A key gauge of prices on the Hong Kong stock market jumped 5.8% Friday in busy trading, recouping some of the week's losses. The market has been battered by worries about rising antagonism between China and Britain over the colony's future. Bargain hunters pushed the Hang Seng index of blue chip stocks up 289.89 points to close at 5,268.10. That wiped out three-fourths of Thursday's 433-point fall but still left the market down 718 points, or 12%, for the week.
January 27, 1992 |
Stocks Buffeted: Hong Kong stocks took a roller-coaster ride Friday as panic selling, bargain hunting and profit taking in turn buffeted prices. The blue chip Hang Seng index closed 25.76 points down, at 4,600.08, after a late flurry of profit taking, but it was well off a 50-point tumble in the opening minutes of trade.