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Goldman Sachs is optimistic about Chinese stock market 2-3 months after the US election

Goldman Sachs is optimistic about Chinese stock market 2-3 months after the US election

Global financial markets are "twitched" by the upcoming U.S. election, and Chinese investors are no exception. The results of the U.S. election will have a huge impact on China's stock market trend. If former President Trump wins, there could be a "knee-jerk reaction" in markets. Strategists at Goldman Sachs Group Inc. recently predicted that Chinese stocks will rise within two to three months after the U.S. presidential election.

icoWikiStock
2024-10-31 12:12
Hong Kong Stocks Close with Narrowed Gains, Tech Stocks Perform Actively

Hong Kong Stocks Close with Narrowed Gains, Tech Stocks Perform Actively

On October 29, Hong Kong's three major indices saw a decrease in gains at closing, with tech stocks rising, particularly notable performances from Apple concept stocks and returning Chinese concept stocks.

icoWikiStock
2024-10-30 11:04
Hong Kong Stocks Rebound After the Holiday, Real Estate Stocks Lead the Market

Hong Kong Stocks Rebound After the Holiday, Real Estate Stocks Lead the Market

On October 14, Hong Kong stocks resumed trading after the holiday, opening slightly lower with the Hang Seng Index down 1.70%. Real estate stocks rebounded collectively, driven by favorable policy support, lifting market sentiment.

icoWikiStock
2024-10-14 10:44
Hong Kong Stocks Surge, Hang Seng Index Opens Up 543 Points

Hong Kong Stocks Surge, Hang Seng Index Opens Up 543 Points

Stimulated by mainland policies, Hong Kong stocks rose across the board, with the Hang Seng Index opening up 543 points. Tech and property stocks performed strongly, and a subsidiary of NIO secured a significant investment, with its stock price soaring by 15%.

icoWikiStock
2024-09-30 13:44
China's bailout policy triggers LVMH and Hermès to rise nearly 10%

China's bailout policy triggers LVMH and Hermès to rise nearly 10%

A series of policies launched by the People's Bank of China stimulated luxury consumption, and luxury concept stocks generally rose. LVMH Group and Hermès both rose more than 9% in early US trading.

icoWikiStock
2024-09-29 15:05
New World Development Reports First Loss in 20 Years

New World Development Reports First Loss in 20 Years

New World Development has announced the transfer of all its shares in the Kai Tak Sports Park to Chow Tai Fook Enterprises, pending government approval. At the same time, Ma Shaoxiang will take over as CEO, while Zheng Zhigang will be reassigned as a non-executive director and non-executive vice chairman.

icoWikiStock
2024-09-27 13:39
Goldman Sachs Optimistic About Bilibili's Future Growth Potential

Goldman Sachs Optimistic About Bilibili's Future Growth Potential

Goldman Sachs' latest report shows that Bilibili is undergoing a transformation, focusing on advertising and gaming businesses, and is expected to achieve significant net profit margin growth by 2026.

icoWikiStock
2024-09-26 12:00
Miniso Rating Downgrade

Miniso Rating Downgrade

Multiple institutions have downgraded the stock rating of Miniso, and the outlook for its core business is not affected by investment in Yonghui.

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2024-09-25 14:35
Hang Seng Index Rises 600 Points in Just Half a Day

Hang Seng Index Rises 600 Points in Just Half a Day

Following the announcement of a reserve requirement ratio cut and mortgage interest rate changes, the Hang Seng Index rose 598 points in half a day, up 3.28%; the Shanghai Composite Index increased by 2.38%, reaching 2814 points.

icoWikiStock
2024-09-24 15:26
Strong Performance in Hong Kong Stock Market Morning Session

Strong Performance in Hong Kong Stock Market Morning Session

On the morning of September 23, the Hong Kong stock market continued to rise. As of the time of writing, the Hang Seng Index was at 18,368 points, up 0.60%; the Hang Seng Tech Index rose by 0.93%, reaching 3,738 points.

icoWikiStock
2024-09-23 14:42
Positive Signals for Hong Kong's Real Estate Market!

Positive Signals for Hong Kong's Real Estate Market!

With the Federal Reserve's first rate cut, Hong Kong's benchmark interest rate has also been lowered, leading to positive market reactions and improving real estate and economic prospects.

icoWikiStock
2024-09-20 15:22
<Research>Citi Downgrades ANTA SPORTS (02020.HK) With Lower TP for Sportswears' More Cautious Outlook

<Research>Citi Downgrades ANTA SPORTS (02020.HK) With Lower TP for Sportswears' More Cautious Outlook

Citi Research released a report predicting that China's sportswear sector will achieve an LSD-MSD growth over 2024-26, lower than the HSD growth f...

icoAASTOCKS
2024-07-31 14:03
Short Selling Turnover $6.1B, or 14% of Eligible Securities Turnover at Midday

Short Selling Turnover $6.1B, or 14% of Eligible Securities Turnover at Midday

The short selling turnover of HK market at midday amounted to $6.1 billion, or 14% of the turnover of securities eligible for short selling, against 1...

icoAASTOCKS
2024-07-31 13:30
Fitch: Global Automakers Drive Towards Crossroads of Price War in CN

Fitch: Global Automakers Drive Towards Crossroads of Price War in CN

Fitch Ratings believed multinational carmakers may need to re-examine their pricing strategies in China as the market's transition to electric veh...

icoAASTOCKS
2024-07-31 13:21
HANG SENG BANK (00011.HK) Tumbles ~3% in PM, Dipping Below $100; Interim NP Slightly Rises 0.7%

HANG SENG BANK (00011.HK) Tumbles ~3% in PM, Dipping Below $100; Interim NP Slightly Rises 0.7%

HANG SENG BANK (00011.HK) logged a net profit of $9.893 billion in 1H24, rising 0.7% and higher than market expectations. The lender declared a second...

icoAASTOCKS
2024-07-31 13:04
<Research>Citi: WUXI APPTEC (02359.HK) to Face Greater GPM Pressure; TP Slashed to $70

<Research>Citi: WUXI APPTEC (02359.HK) to Face Greater GPM Pressure; TP Slashed to $70

WUXI APPTEC (02359.HK)'s 1H24 orders on hand grew 33% YoY, reflecting a higher visibility in meeting guidance targets for the full year, Citi Rese...

icoAASTOCKS
2024-07-31 12:48
<H Shrs>HSI Ascends 323 pts at Midday; Brokerages & CN Homebuilders Rally, while HSBC & HANG SENG Rise Pre-results

<H Shrs>HSI Ascends 323 pts at Midday; Brokerages & CN Homebuilders Rally, while HSBC & HANG SENG Rise Pre-results

HSI elevated 323 points or 1.9% to 17,326 at half-day. HSCEI lifted 124 points or 2.1% to 6,111. HSTECH rose 98 points or 2.9% to 3,513. Half-day turn...

icoAASTOCKS
2024-07-31 12:32
HSBC Aims Mid-teens Return on Avg. Tangible Equity in 2025, Div. Payout Target of 50% for 2024

HSBC Aims Mid-teens Return on Avg. Tangible Equity in 2025, Div. Payout Target of 50% for 2024

HSBC HOLDINGS (00005.HK) has just announced the interim results for 2024. Noel Quinn, Group Chief Executive, said that after delivering record profits...

icoAASTOCKS
2024-07-31 12:24
<Midday Takeaway>HSI Up 323 pts; HSTI Up 98 pts; MEITUAN Up over 3%; PING AN Up over 3%

<Midday Takeaway>HSI Up 323 pts; HSTI Up 98 pts; MEITUAN Up over 3%; PING AN Up over 3%

At midday close, HSI rose 323 pts or 1.9% to 17,326. HSTI rose 98 pts or 2.9% to 3,513. HSCEI gained 124 pts or 2.1% to 6,111. Active Heavyweig...

icoAASTOCKS
2024-07-31 12:12
Brokers Track Bigger Upswing; HOLLY FUTURES (03678.HK) Leaps 58%

Brokers Track Bigger Upswing; HOLLY FUTURES (03678.HK) Leaps 58%

The mainland China and Hong Kong stock markets blossomed this morning, with the CSI 300 now up nearly 2% at 3,436, and the HSI now at 17,349, up 346 p...

icoAASTOCKS
2024-07-31 11:34