Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.
It is only a matter of time before the currently depressed market stages a rebound, according to Fred Hu of private-equity firm Primavera Capital.
Hong Kong stocks gains were driven by insurance, banks and casino stocks with some investors saying conditions are right for a substantial rally in Chinese shares.
The erratic performance of Chinese stocks is not giving investors the confidence to commit their funds for the long haul, so some are betting on proxies outside the country, according to top wealth managers.
Hang Seng Index hovers near a five-week low after comments by Fed chairman Jerome Powell, who said it could take ‘longer than expected’ to get inflation back on target.
Hong Kong stocks struck five week lows as consensus-beating GDP data reduced expectations of a rate cut in China, while weak retail, industrial and property data weighed on sentiment.
Hong Kong stocks declined to three week-lows as rising geopolitical tensions dealt a further setback to investor sentiment, already jittery ahead of a batch of economic data due to be released during the week.
HSBC plans to host another global investment summit in the city early next year after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success in proof that ‘Hong Kong is back’.
The future of China’s economic growth depends on strong innovation in the technology sector and – despite the current headwinds – investors would be wrong to sleep on the country’s potential, industry leaders says.
‘I’m confident that as global investors, you can see the far-reaching promise of Hong Kong for yourself,’ Chief Executive tells HSBC summit.
The launch of Blue Coast marks the biggest residential offering since the city government removed property curbs and relaxed its mortgage policies in February.
Stocks pare gains in week as traders continue to dial back bets on a rate cut in June amid concerns about sticky US inflation data. Trading shrinks as markets in mainland China are closed for a holiday.
Hong Kong stocks retreated after expectations of rate cuts by the US Federal Reserve were dealt a setback by strong jobs and factory orders data in the world’s biggest economy.
‘The time to buy is when everyone hates the market and it’s cheap, which is now the case in Chinese equities,’ especially as there are signs that the country’s economic leaders are preparing stimulus measures, the hedge fund billionaire said in his LinkedIn blog.
Lack of interest has more to do with lacklustre IPO activity than the reform per se, which will draw more interest when listings pick up, analysts say.
Hong Kong stocks jumped by the most in three weeks, with investor sentiment lifted by a manufacturing rebound in the world’s second biggest economy and as Chinese smartphone and gadget maker Xiaomi reported solid orders on its debut in the world’s biggest electric vehicles (EV) market.
Chinese stocks took the limelight in the region as a rebound in manufacturing fanned optimism about the nation’s economic recovery. Foreign funds have snapped up more than US$11 billion of them over the past two months.
Chinese stocks advanced on the back of an earnings-fuelled rally in state-owned banks which reported steady financial results and gold stocks after bullion hit a fresh peak.
Global investors should focus on long-term opportunities in China and take advantage of Hong Kong’s role as a ‘superconnector,’ according to officials and executives from UBS and Primavera Capital.
Has China’s long march to recouping stock market losses begun, after a US$1.75 trillion bounce in value from January lows? Many sentiment indicators have reached inflection points, backstopped by state intervention. Or do market bears still hold sway?
Organised by the Financial Services and the Treasury Bureau and InvestHK, the summit will centre around four key topics: luxury and legacy, green technology, philanthropy and wealth legacy.
Hong Kong stocks made a firm start after the US Federal Reserve’s dovish outlook brightened the prospects of lower funding costs in the months ahead.
The Hong Kong stock market posted gains driven by corporate earnings announcements but investors were cautious awaiting central bank monetary policy moves after benchmark rates were held steady
WuXi AppTech, WuXi Biologics and Xpeng weighed on the market as fourth-quarter earnings of Chinese companies trail those of peers in the rest of Asia, according to Goldman Sachs.
Hong Kong stocks recovered from a weak start after China’s economic data triggers hopes of more policy easing in the world’s second-largest economy.
China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.
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 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.
Hong Kong stock markets weakened, led by big losses in Wuxi Biologics and Wuxi AppTec, after a US bill proposed restricting business with Chinese biotech companies on national security grounds.
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
