Fund managers in Hong Kong appear to be baffled by the slump in Chinese stocks after the market’s worst start to a year since 2016. Some bearish investors wished they were wrong about the gloom.“We have met many investors in Hong Kong in the past...
The fate of mostly Chinese companies represented on the Hang Seng Index in Hong Kong is far worse.Their average price-to-book value stood at 0.85 times on Wednesday, near the record-low of 0.82 times reported in October 2022. The measure peaked at 1.56 times in April...
Hong Kong stocks jumped for a second day as investors bet China’s central bank will cut key lending rates as early as next week to boost growth amid deepening deflation in the economy.The Hang Seng Index added 0.1 per cent to 16,314.58 at 11am...
Hong Kong stocks jumped, snapping a seven-day slide, after mainland Chinese fund managers added to their purchases as the market reached the lowest level since November 2022 this week. Sentiment improved amid bullish trades in US and Asian equities.The Hang Seng Index added 1.4...
This year could turn out to be tougher than last year. The boost in domestic tourism greatly helped the economy in 2023. The same won’t happen again. Auto exports are also likely to slow. The unwinding of the electronics inventory could be ending, a...
Hong Kong stocks fell for a seventh day as strategists at Citigroup and HSBC lowered their upside targets amid worries about interest rates and China’s weak economic recovery. China cranked up cross-strait tensions ahead of a presidential election in Taiwan.The Hang Seng Index declined...
China remains an important market for multinational corporations (MNCs) this year as executives eye opportunities from a rebound in consumption, even if their prospects have been bedevilled by challenges ranging from geopolitical risks to competition with local rivals.China made up about 15 per cent of...
Hong Kong stocks extended losses, compounding the local market’s worst start to a year since 2005, as traders braced for more reports signalling a slowdown in the Chinese economy.The Hang Seng Index fell 0.9 per cent to 16,385.72 at 9.55am local time. The benchmark...
Even so, the “ decoupling” of the world’s two largest economies is probably overstated. A recent study by University of California San Diego economist Caroline Freund and her colleagues shows that the US and China are indeed reducing their engagement in some areas. For example,...