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.
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.
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.
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%.
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.
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.
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.
Multiple institutions have downgraded the stock rating of Miniso, and the outlook for its core business is not affected by investment in Yonghui.
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.
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.
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.
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...
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...
Fitch Ratings believed multinational carmakers may need to re-examine their pricing strategies in China as the market's transition to electric veh...
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...
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...
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...
HSBC HOLDINGS (00005.HK) has just announced the interim results for 2024. Noel Quinn, Group Chief Executive, said that after delivering record profits...
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...
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...
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