Hang Seng

2022 - 10 - 25

Post cover — Image courtesy of "Bloomberg"

Chinese Markets Tumble as Xi's Tightening Grip Alarms Investors (Bloomberg)

Chinese stocks headed for their biggest daily plunge in Hong Kong since the 2008 global financial crisis and the yuan weakened to a 14-year low, ...

[record](/news/terminal/RK8XTCT0G1KW) amount of equities via trading links in Hong Kong and fueling a nearly 3% loss in the CSI 300 Index. Foreign investors fled mainland markets, selling a A sense of exasperation swept across Chinese markets as President Xi Jinping moved to stack his leadership ranks with loyalists, with stocks capping their worst day in Hong Kong since the 2008 global financial crisis and the yuan weakening to a 14-year low.

Hong Kong's Hang Seng down 6% after China Congress - La ... (La Prensa Latina)

Shanghai, China, Oct 24 (EFE).- The Hong Kong Stock Exchange fell sharply on Monday with losses of 6.36% following the Chinese Communist Party congress over ...

The digital sector has been at loggerheads with the Communist Party since November 2020, when Beijing pulled the plug on the initial public offering of Alibaba’s ‘fintech’, Ant Group, which was set to be the largest in history but has instead resulted in millions in fines and official investigations. Only 6 of the 73 listed companies on the Hang Seng evaded losses on Monday with banking giant HSBC (+1.32%) and infrastructure conglomerate CK Infrastructure Holdings (+ 4.12%) managing to escape unscathed. A notable downward trend among at least a dozen tech firms that recorded losses of more than 10%, saw Tencent and Alibaba plummet 11.43% and 11.42%, respectively, surpassed by other heavyweights in the sector such as Baidu (-12.2%), JD.com (-13.17%) and Meituan (-14.83%), as well as by the real estate company Longfor Group (-15.08%). The Hang Seng China Enterprises, a gauge of Chinese stocks listed in Hong Kong, plunged by 5.4%, while the one that monitors technology firms, the Hang Seng Tech Index, dropped to 9.65%. The Hang Seng index already ended last week at a 13-year low, and on Monday slumped to the lowest levels since 2009 when the world’s markets collapsed amid the global financial crisis. Shanghai, China, Oct 24 (EFE).- The Hong Kong Stock Exchange fell sharply on Monday with losses of 6.36% following the Chinese Communist Party congress over the weekend, where Xi Jinping secured an unprecedented third term as party leader and shook up the cabinet to instate loyalists.

Hang Seng Overdue For Support On Tuesday (Nasdaq)

The global forecast for the Asian markets continues to be upbeat on optimism over the outlook for interest rates. The European and U.S. markets were up and the ...

Closer to home, Hong Kong will release September figures for imports, exports and trade balance later today. The global forecast for the Asian markets continues to be upbeat on optimism over the outlook for interest rates. Crude oil prices moved lower on Monday, giving ground following the advance seen last Friday. The European and U.S. West Texas Intermediate crude for December delivery fell $0.47 or 0.6 percent to $84.58 a barrel. (RTTNews) - The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 1,730 points or 10.7 percent along the way. In August, imports were down 16.3 percent on year, exports sank 14.3 percent and the trade deficit was HKD13.3 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Dow soared 417.06 points or 1.34 percent to finish at 31,499.62, while the NASDAQ spiked 92.90 points or 0.86 percent to end at 10,952.61 and the S&P 500 jumped 44.59 points or 1.19 percent to close at 3,797.34. For the day, the index plummeted 1,030.43 points or 6.36 percent to finish at 15,180.69 after trading between 15,082.84 and 15,993.88. The lead from Wall Street is upbeat as the major averages shook off early directionless trade on Monday but steamed higher in the afternoon to finish firmly in the green. The Hang Seng finished with huge losses on Monday with damage in all sectors, especially the properties and technology stocks.

Most Hong Kong stocks slide as Hang Seng tests 15000-point floor (South China Morning Post)

Stock prices weaken as investors continue to shun local markets amid worries about China's leadership reshuffle and outlook for corporate earnings.

Hong Kong markets volatile after plunging to start the week; other ... (CNBC)

Hong Kong stocks were volatile and mainland China markets continued to slide Tuesday, while other major Asian markets rose.

In Australia, the [S&P/ASX 200](/quotes/.AXJO/) was up 0.64%. It was last up 0.67%, and the Kosdaq gained 0.93. [Nikkei 225](/quotes/.N225/) added 0.77% and the Topix climbed 0.8%. "We believe this is a good opportunity to add given an expected growth recovery, gradual COVID reopening, and monetary and fiscal stimulus. [Hang Seng index](/quotes/.HSI/) in Hong Kong lost as much as 1.54% and was last up 0.18%, while Hang Seng Tech was more than 1% higher. The MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.3%. The S&P 500 rose about 1.2% and closed at 3,797.34. Overnight in the U.S., the Dow Jones Industrial Average climbed 417.06 points, or 1.3%, to close at 31,499.62. local time, according to a statement from his office. [Nikkei 225](/quotes/.N225/) in Japan added 0.8% in the first hour of the trading session and the Topix climbed 0.84%. In Australia, the [S&P/ASX 200](/quotes/.AXJO/) was up 0.3%. The

Asia report: Stocks mixed, Hang Seng plunges after China data dump (ShareCast)

Stocks were mixed in Asia at the close on Monday, after an avalanche of data was released in China, while the yen weakened even further against the dollar.

Looking at trade, the country’s trade balance increased to $84.7bn for September, from $79.4bn in August and ahead of consensus expectations for $80.3bn. On the industrial front, production expanded by 6.4% in September - well ahead of the 4.8% anticipated by markets, and hastening from August’s 4.2%. That was better than the 3.3% rise pencilled in by economists, and was well ahead of the 0.4% print in the second quarter. “This should mean better policy implementation, though the drags from zero-Covid policy and the property sector will continue as headwinds in the first half of 2023.” Fixed asset investment, meanwhile, was up 5.9% in September, up from 5.8% in August by less than the 6% that had been expected. “The Shanghai Party Secretary Li Qiang was promoted to Politburo Standing Committee and is likely to be the next premier, despite the economic impact of the second quarter lockdown.” “The manufacturing sector, however, continued to struggle in the face of weak demand conditions and severe cost pressures.” Services activity underpinned the growth, with that flash subindex coming in at 53.0, up from September’s final reading of 52.2, while the flash manufacturing PMI was still in contraction territory at 48.7, compared to 48.3 for the prior month. “The prospects of an immediate change in economic policy following the just-finished 20th Party Congress are slim,” said Duncan Wrigley at Pantheon Macroeconomics. The broader Topix index was 0.28% firmer by the end of trading in Tokyo, settling at 1,887.19. The au Jibun flash composite purchasing managers’ index (PMI) came in at 51.7 for October, up from 51.0 in September and above the 50-point level that separates expansion from contraction. In Japan, the Nikkei 225 was up 0.31% at 26,974.90, as the yen weakened 1.15% against the dollar to last trade at JPY 149.35.

Goldman Sachs warn on China leadership - the risks that sent HK's ... (ForexLive)

Hong Kong's Hang Seng collapsed (more) on Monday following the Chinese Communist Party's Congress where President Xi wrangled a third term and installed a ...

He has done so over the past couple of years with 'crack downs' on various sectors and during the Congress renewed his pledge to keep income distribution and the means of accumulating wealth "well-regulated". major shocks to the economy." You can expect more stringent Communist Party oversight of private capital ahead in China.