Hang Seng

The Latest

  • Chinese Shares Lead Asia Markets Higher
    China stocks
    MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5% to 550.47, but still within striking distance of a two-month low of 543.66 hit last week.
  • Investors Wary About Potential Containment Measures Over The Rise Of Virus Cases
    Global finance market
    Asian stocks fell this Monday as investors continue to feel reluctant about the increasing number of pandemic cases.
  • JD.com To Debut In Hong Kong Stock Market With $3 Billion IPO
    JD.COM
    JD - often referred to as the Amazon of China - to have its shares listed in Hong Kong as early as June 18,
  • Investors Eye Market Improvements Once US Reopens Its Economy
    China stocks
    This Tuesday, Asian shares performed better but China's exports continue to decline.
  • China's Slowing Business Activties Hurt Global Stock Values
    Asian stock market
    Last Monday, Asian shares dropped due to the slowing business activities in China and the spread of the country's public health crisis to Asian nations such as South Korea.
  • Asian Markets Remain Stagnant As China Closed For Lunar New Year
    Nasdaq
    Recent values showed that US technology and industrial markets closed with improving yields as tourism and economic growth due to the coronavirus epidemic despite Asian markets closing with healthy values for the Lunar New Year.
  • Shanghai Composite And Hang Seng Surge On First Week Of 2020
    SLUGGISH
    The Shanghai Composite Index ended with a 1.3 percent increase, while the Hang Seng Index surged by 1 percent during the first day of 2020.
  • Asian Stocks Take Beating Following New Wall Street Rout
    Sell-off
    The baffling contagion that wrought havoc on the U.S. stock market on Tuesday made it to Asia this morning and the results were brutal. Stocks in Asia tumbled in early trading following another plunge on Wall Street overnight that saw a major sell-off hit major U.S. stock indices. The extensive pull bask saw the Dow Jones Industrial Average and S&P 500 surrender all the gains they accumulated over the entire year. The NASDAQ Composite wasn’t spared, and surprisingly entered correction territory in an ominous sign investor confidence continues to be battered by a mass of uncertainties. Overnight on Wall Street, the Dow shed a massive 608.01 points at 24,583.42 thereby wiping-out all of its gains for 2018. The S&P 500 fell by 3.1 percent to close at 2,656.10 and also turned negative for the year. The NASDAQ Composite dropped 4.4 percent to 7,108.40 — entering correction territory. The CBOE Volatility Index (VIX), widely accepted as the best gauge of fear in the market, surged more than 21 percent to 25.23. It’s risen more than 100 percent this month. Wall Street’s misery quickly spread to Asia. At the opening bell Thursday, China's Shanghai composite fell 1.79 percent while the Shenzhen composite saw a reduction of 2.15 percent. In Hong Kong, the Hang Seng index lost 1.81 percent. Japan's Nikkei 225 traded down 3.35 percent; the Topix index fell by 2.76 percent. In South Korea, the KOSPI fell 2.8 percent. Shares of Samsung Electronics and SK Hynix both fell by more than 3 percent each. SK Hynix reported record third-quarter operating profit on Thursday, beating expectations, but even this bit of hearteninbg news didn’t save it from being victim to future worries. SK Hynix shares were down 4.65 percent in the morning. Australia's ASX 200 fell 2.26 percent, with all sectors losing value. The energy subindex lost 2.36 percent while the heavily weighted financial sector dropped 2.29 percent. U.S. financial experts believe they’ve pinpointed the reasons for the lower market sentiment in recent weeks. These reasons include worries global growth is losing steam; earnings disappointment; international criticism leveled at Saudi Arabia over the killing of a dissident journalist and the prospect of higher U.S. interest rates. Adding to that list of woes is the growing uncertainty over the U.S.-China trade war, which some investors fear could lower 2019 profits. Wall Street will post its worst October since the Great Recession of 2008 largely on negative investor sentiment ignited by Trump's trade war on the world; China's ongoing economic slowdown and rising U.S. interest rates savaging emerging markets. Another clear-cut manifestation of the incredible volatility roiling U.S. equity markets emerged Tuesday when the broader U.S. stock market dropped for the 12th time in the past 14 days led by the Dow.