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A-share focus is for readers wanting to know more about mainland Chinese investment markets, and especially the A-share market in Shanghai, which has become accessible to international investors since the launch of the Shanghai-Hong Kong stock connect scheme in late 2014.
- Air-conditioner maker Gree expects to report its biggest quarterly earnings decline in at least a decade; Wanda Film is expecting its first quarterly loss since listing
- First-quarter profits at companies on CSI 300 Index of big caps might decline 18 per cent from a year earlier: Bloomberg
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.
Trump halts contributions to WHO, saying his administration will conduct an inquiry into the UN agency's ‘role in severely mismanaging and covering up the spread’ of the coronavirus
Trump halts contributions to WHO, saying his administration will conduct an inquiry into the UN agency's ‘role in severely mismanaging and covering up the spread’ of the coronavirus
‘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.
CICC, China’s first investment bank expanded its overseas presence in the aftermath of 2008 financial crisis and aims to do the same this time around
CICC, China’s first investment bank expanded its overseas presence in the aftermath of 2008 financial crisis and aims to do the same this time around
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.
Overseas investors have dumped a record 100.4 billion yuan worth of Chinese stocks over the past month amid a global pullback from riskier assets, as markets continue to be roiled by the unfolding Covid-19 pandemic. Analysts said the trend is likely to be temporary.
Overseas investors have dumped a record 100.4 billion yuan worth of Chinese stocks over the past month amid a global pullback from riskier assets, as markets continue to be roiled by the unfolding Covid-19 pandemic. Analysts said the trend is likely to be temporary.
US markets drop despite Fed announcing new steps to bolster economy, as new cases surge and stimulus package delayed.
US markets drop despite Fed announcing new steps to bolster economy, as new cases surge and stimulus package delayed.
China’s ambitions of building giant securities firms was boosted by Citic Securities, the country’s largest brokerage, on Friday after it reported double-digit percentile growth in revenue and net profit for 2019.
China’s ambitions of building giant securities firms was boosted by Citic Securities, the country’s largest brokerage, on Friday after it reported double-digit percentile growth in revenue and net profit for 2019.
“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.
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 world’s 500 richest people collectively lost US$331 billion on Thursday, taking their losses for the year to US$950 billion.
The world’s 500 richest people collectively lost US$331 billion on Thursday, taking their losses for the year to US$950 billion.
Dow plunges 10 per cent in the worst day since 1987 on the US president’s failure to address measures to contain the fast-spreading virus and its global economic impact, despite Fed’s massive US$1.5 trillion injection plan.
Dow plunges 10 per cent in the worst day since 1987 on the US president’s failure to address measures to contain the fast-spreading virus and its global economic impact, despite Fed’s massive US$1.5 trillion injection plan.
Traders took comfort in signs that the coronavirus outbreak appears to be easing in Asia leading them to believe that the dampening effect on the financial markets and economies would only be temporary.
Traders took comfort in signs that the coronavirus outbreak appears to be easing in Asia leading them to believe that the dampening effect on the financial markets and economies would only be temporary.
Hong Kong’s plunge was mirrored everywhere else in Asia, as investors entered the working week with nasty surprises from a spreading coronavirus outbreak and plunging oil prices.
Hong Kong’s plunge was mirrored everywhere else in Asia, as investors entered the working week with nasty surprises from a spreading coronavirus outbreak and plunging oil prices.
‘There is a psychological impact from the uncertainty and future forecasting that is greater versus a tangible news release like a Chinese economic slowdown or bad winter in the US that is quickly stale news. Diseases are prolonged and very speculative,’ says behavioural economist Richard Peterson.
‘There is a psychological impact from the uncertainty and future forecasting that is greater versus a tangible news release like a Chinese economic slowdown or bad winter in the US that is quickly stale news. Diseases are prolonged and very speculative,’ says behavioural economist Richard Peterson.
‘The economic impact of the Covid-19 outbreak looks more severe than originally expected,’ Goldman Sachs analysts led by Timothy Moe wrote in a new note.
‘The economic impact of the Covid-19 outbreak looks more severe than originally expected,’ Goldman Sachs analysts led by Timothy Moe wrote in a new note.
A boom in tech-themed ETFs, which has drawn over 80 per cent of the US$3.4 billion inflows so far this year, reflects investors’ exuberance over tech stocks.
A boom in tech-themed ETFs, which has drawn over 80 per cent of the US$3.4 billion inflows so far this year, reflects investors’ exuberance over tech stocks.
China’s stocks look particularly attractive compared to the euro-area ones because of Europe’s muted economic and earnings growth outlooks, said UBS, which is “underweight” on Europe and overweighing emerging markets.
China’s stocks look particularly attractive compared to the euro-area ones because of Europe’s muted economic and earnings growth outlooks, said UBS, which is “underweight” on Europe and overweighing emerging markets.
‘People in the US are starting to worry about the spread of the virus, and the economic impact translating from China to all over the world,’ said Alan Li, portfolio manager at Atta Capital.
‘People in the US are starting to worry about the spread of the virus, and the economic impact translating from China to all over the world,’ said Alan Li, portfolio manager at Atta Capital.
As politicians the world over react to the slump in equities caused by the coronavirus pandemic, the final say rests not with floor traders but the latest technology.
Buy or sell? That is the question investors – big and small – are asking themselves as the global economy takes a battering.
Financial liberalisation has paved the way for international investors hoping to ride the country’s economic growth, but even greater transparency is required.