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Markets are braced for a decline in earnings at some of mainland China’s biggest publicly traded companies.
Markets are braced for a decline in earnings at some of mainland China’s biggest publicly traded companies.
The 120-day correlation between China’s CSI 300 Index and the S&P 500 has risen to its highest level ever since the Covid-19 outbreak.
The 120-day correlation between China’s CSI 300 Index and the S&P 500 has risen to its highest level ever since the Covid-19 outbreak.
“With so much hope hoisted onto China’s shoulders to lead the world out of the Covid-19 recession, [China] data points are likely to cause strong market reactions on a substantial positive or negative divergence from consensus,” said Jeffrey Halley, senior market analyst for Asia-Pacific at Oanda.
“With so much hope hoisted onto China’s shoulders to lead the world out of the Covid-19 recession, [China] data points are likely to cause strong market reactions on a substantial positive or negative divergence from consensus,” said Jeffrey Halley, senior market analyst for Asia-Pacific at Oanda.
Key data on retail sales, exports and industrial production due out this week will give insights into China's recovery efforts. Hong Kong, Stock Connect to reopen Tuesday after being shut for Easter holiday.
Key data on retail sales, exports and industrial production due out this week will give insights into China's recovery efforts. Hong Kong, Stock Connect to reopen Tuesday after being shut for Easter holiday.
‘The whole technology sector will benefit from the deep push to replace imported products with China-made ones, and the semiconductor industry will be the biggest beneficiary,’ said Chen Ping of HSBC Jintrust Fund Management.
‘The whole technology sector will benefit from the deep push to replace imported products with China-made ones, and the semiconductor industry will be the biggest beneficiary,’ said Chen Ping of HSBC Jintrust Fund Management.
The spread between the yield on China’s 10-year government bonds and the dividend yield on the CSI 300 Index narrows to a record low of 0.27 percentage points.
The spread between the yield on China’s 10-year government bonds and the dividend yield on the CSI 300 Index narrows to a record low of 0.27 percentage points.
Dip buyers are betting Chinese stocks that are 25 per cent cheaper than their US peers have already troughed, while global investors are seeking safety in stable, high-dividend shares
Dip buyers are betting Chinese stocks that are 25 per cent cheaper than their US peers have already troughed, while global investors are seeking safety in stable, high-dividend shares
Investors seeking to pick up bargains from China’s biggest stock market pullback since 2018 may be facing a value and liquidity trap as the first quarter earnings season kicks off.
Investors seeking to pick up bargains from China’s biggest stock market pullback since 2018 may be facing a value and liquidity trap as the first quarter earnings season kicks off.
New habits and mindsets resulting from the coronavirus will point toward stocks that will outperform. ‘People should pick companies that can survive or excel in this new environment,’ asset manager Alex Wong said.
New habits and mindsets resulting from the coronavirus will point toward stocks that will outperform. ‘People should pick companies that can survive or excel in this new environment,’ asset manager Alex Wong said.
The slump in the world’s biggest airport operator is dividing traders and analysts as the coronavirus pandemic causes unprecedented damage to global travel and trade.
The slump in the world’s biggest airport operator is dividing traders and analysts as the coronavirus pandemic causes unprecedented damage to global travel and trade.
Hong Kong’s benchmark index fell as low as 0.92 times its net asset value in March, foreshadowing a massive rebound if history is any guide
Hong Kong’s benchmark index fell as low as 0.92 times its net asset value in March, foreshadowing a massive rebound if history is any guide
Chinese stocks tell as investors turned skittish on corporate earnings outlook even as Beijing unveiled a slew of measures to blunt the fallout from the coronavirus pandemic.
Chinese stocks tell as investors turned skittish on corporate earnings outlook even as Beijing unveiled a slew of measures to blunt the fallout from the coronavirus pandemic.
Global fund managers picked Chinese health care and infrastructure-related stocks in search of winners even as they pulled US$9.9 billion from the onshore market this month.
Global fund managers picked Chinese health care and infrastructure-related stocks in search of winners even as they pulled US$9.9 billion from the onshore market this month.
Rise in the sector – seen as a safe bet in turbulent times – may point to more losses on the broader market, if history is any guide
Rise in the sector – seen as a safe bet in turbulent times – may point to more losses on the broader market, if history is any guide
The global coronavirus pandemic has sent Hong Kong stocks to their cheapest level relative to Chinese equities since February 2018; Citic Securities forecasts 20 per cent gain
The global coronavirus pandemic has sent Hong Kong stocks to their cheapest level relative to Chinese equities since February 2018; Citic Securities forecasts 20 per cent gain
A rebound in Chinese stocks is unlikely until Beijing sets the date for its annual legislative meeting that has been delayed by Covid-19, says Soochow Securities’ Chen Li, who made accurate market predictions last year.
A rebound in Chinese stocks is unlikely until Beijing sets the date for its annual legislative meeting that has been delayed by Covid-19, says Soochow Securities’ Chen Li, who made accurate market predictions last year.
Improved sentiment comes even after US jobless claims rise to the highest level in more than two years and total coronavirus fatalities in Italy surpassed those in China.
Improved sentiment comes even after US jobless claims rise to the highest level in more than two years and total coronavirus fatalities in Italy surpassed those in China.
Hang Seng sees biggest gain since 2011. Big winners include CK Asset, China Mobile and Galaxy Entertainment.
Hang Seng sees biggest gain since 2011. Big winners include CK Asset, China Mobile and Galaxy Entertainment.
South Korea’s Kospi led the Asia-Pacific slide as investors doubted US and EU relief packages will be enough to hold back a possible global recession.
South Korea’s Kospi led the Asia-Pacific slide as investors doubted US and EU relief packages will be enough to hold back a possible global recession.
The Hang Seng Index fell as much as 1,000 points today. That's the second time it has done that this year. It narrowed its losses and ended down 2.6 per cent, with a loss of 582.69 points.
The Hang Seng Index fell as much as 1,000 points today. That's the second time it has done that this year. It narrowed its losses and ended down 2.6 per cent, with a loss of 582.69 points.
“It is hard to know when the sell-off will end,” said Alan Li, portfolio manager at Atta Capital. Those closing down more than 4 per cent included Tencent, Alibaba, AAC Tech and casino operator Sands China.
“It is hard to know when the sell-off will end,” said Alan Li, portfolio manager at Atta Capital. Those closing down more than 4 per cent included Tencent, Alibaba, AAC Tech and casino operator Sands China.
Big drops of more than 4 per cent seen some of Hong Kong's best known stocks, including Tencent, Alibaba, Sunny Optical, Sands China and AAC Tech.
Big drops of more than 4 per cent seen some of Hong Kong's best known stocks, including Tencent, Alibaba, Sunny Optical, Sands China and AAC Tech.
‘Traders are still waiting for a bottom signal, and very sensitive to any news and nervous about any market movement,’ said Alan Li, portfolio manager at Atta Capital.
‘Traders are still waiting for a bottom signal, and very sensitive to any news and nervous about any market movement,’ said Alan Li, portfolio manager at Atta Capital.
President Trump says US economy 'may be' heading into a recession; Group of 7 leaders vow to do whatever it takes to boost world's economies.
President Trump says US economy 'may be' heading into a recession; Group of 7 leaders vow to do whatever it takes to boost world's economies.
“The virus outbreak is still getting worse, and it’s difficult to predict the turning point of the stock markets,” said Kenny Wen, wealth management strategist at Everbright Sun Hung Kai.
“The virus outbreak is still getting worse, and it’s difficult to predict the turning point of the stock markets,” said Kenny Wen, wealth management strategist at Everbright Sun Hung Kai.
“The coronavirus outbreak has resulted in a crunching contraction in China’s economy," Bloomberg economists say. "... The hole is deeper than the most pessimistic expectations, and with the virus now hitting the rest of the world, climbing quickly back out will be tough to do."
“The coronavirus outbreak has resulted in a crunching contraction in China’s economy," Bloomberg economists say. "... The hole is deeper than the most pessimistic expectations, and with the virus now hitting the rest of the world, climbing quickly back out will be tough to do."
Even seasoned pros don’t agree on what to do next as the coronavirus pandemic turns global stock markets into wild roller-coaster rides. What they do agree on is that the scary ride is nowhere near over.
Even seasoned pros don’t agree on what to do next as the coronavirus pandemic turns global stock markets into wild roller-coaster rides. What they do agree on is that the scary ride is nowhere near over.
The ChiNext index has risen 26 per cent in 2020, making it the best performer among all the gauges tracking Chinese onshore and offshore equities
The ChiNext index has risen 26 per cent in 2020, making it the best performer among all the gauges tracking Chinese onshore and offshore equities
Stock traders in Hong Kong and mainland China may have found the answer for overcoming jitters caused by the coronavirus – by lightening up their holdings on Fridays to avoid weekend shocks.
Stock traders in Hong Kong and mainland China may have found the answer for overcoming jitters caused by the coronavirus – by lightening up their holdings on Fridays to avoid weekend shocks.