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Hang Seng Indexi

Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.

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  • Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
  • In this week’s issue, we reflect on what is in store for Hong Kong’s stock market and its operator, the Hong Kong Exchanges and Clearing Limited (HKEX), in the Year of the Dragon
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Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the next two meetings.

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Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.

Hong Kong stocks took a breather from a three-day gain that helped key equity gauges overcome some key technical barriers, with sportswear maker Li Ning and Chinese developers weighing on the market.

Hong Kong-listed stocks are witnessing a surge in share buy-backs as companies use their cash hoard to boost valuations, lift investor confidence.

Hong Kong stocks were lifted by hopes more companies could launch share buy-backs to take advantage of the current market valuations, sending the Hang Seng Index into the black for the year and thrusting the Hang Seng Tech Index into a bull market, defined as a rise of 20 per cent from recent lows.

Hong Kong stock market began the week on a firm note amid signs of a demand pickup in the world’s second largest economy and following positive investor flow data.

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

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Hong Kong stocks rose, amid expectations global central banks will ease monetary conditions this year following dovish comments from heads of the US Federal Reserve and the ECB.

Tech stocks lead Hong Kong stock markets higher ahead of e-commerce giant JD.com’s results as focus returned to corporate earnings after mood was dampened by the lack of stimulus at China’s ongoing annual parliamentary meeting

Hong Kong stocks ended unchanged but the mood was cautiously optimistic as investors awaited details from a meeting of lawmakers in Beijing, where it is widely expected that steps to support the market and the economy will be unveiled.

Foreign investors bought a net 60.7 billion yuan (US$8.4 billion) of onshore shares in February through the Stock Connect programme, ending an unprecedented six months of selling.

Money managers and analysts are confident of further upside in China’s onshore stock market after a stellar run in February, as they anticipate some policy catalysts.

The Hang Seng Index completed its best month since January 2023, aided by measures to revive the city’s property market and improved sentiment amid China’s ‘national team’ intervention.

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Hong Kong stocks drop by the most this month as investors take profits from the recent run-up. Local developers jump after the government scraps all curbs on property transactions in a bid to boost the ailing housing market.

Hong Kong developers charted a late rebound after a weak home-price report added pressure on officials to revive the industry. EV maker Li Auto and power distributor CLP surged after their stellar earnings reports.

Operator of Hong Kong’s largest power utility was buoyed by turnaround in fair value related to forward energy contracts, but still missed estimates for profit, revenue.

A stock rally in Hong Kong has paused as investors wanted to see fundamental earnings growth to complement a sentiment-driven rally. Li Auto will report its quarterly earnings today, while NetEase, Baidu and HKEX will follow later this week.

The Hang Seng Index capped a third week of gains despite a choppy trading on Friday as traders banked on more China policies to lift stock prices. New home prices fell in fewer mainland cities last month.

Local stocks rallied as Trip.com closed at an all-time high and Nvidia’s bullish forecast fuelled tech gains. China’s onshore stocks also logged an impressive winning streak not seen since July 2020.

China’s recent ‘quant quake’ has revealed systemic financial risks as a series of interconnected events and highlights the perils of crowding and leverage, hedge fund manager Ziang Fang says.

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The Hang Seng Index hit the highest level since January 5 as the city’s top developers paced gainers. A surge in subscriptions in China’s biggest exchange-traded funds fuelled bets on stronger market intervention.

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The Hang Seng Index advanced as property developers jumped after Chinese banks cut a key onshore lending rate to help revive home sales. Losses in electric-car makers, amid a fresh round of price wars, tempered gains.

A three-day winning run in the Year of the Dragon has come to an end as tech stocks paced losses. China’s central bank maintained its policy rate, while the Hang Seng Index membership stayed at 82 in the latest review.

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