Hang Seng Dips 1.2% at Close

 

PT Rifan Financindo Berjangka - The Hang Seng tumbled 236 points or 1.2% to end at 19,367 on Thursday, marking the first decline in three sessions amid escalating trade disputes between China and the US.

The Biden administration reportedly may introduce fresh curbs on sales of semiconductor equipment and AI memory chips to China next week. Meanwhile, US President-elect Trump's trade policies and their potential impacts remain uncertain, with China's state media warning of possibly severe repercussions.

In business news, media reports said BYD Co. and other Chinese automakers urged suppliers to cut prices, signaling heightened price competition.

Limiting further drops were hopes of significant support measures from Beijing for this year and next to mitigate global headwinds and stimulate economic growth.

Losses were broad-based, with consumers, tech, and property among the top losers. Some lagging stocks included Giant Biogene Hlds. (-6.5%), Akeso Inc. (-5.4%), H World Group (-4.2%), and China Resources Beer (-4.1%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Surge Over 2% at Finish

 

PT Rifan Financindo Berjangka - The Hang Seng soared 444 points or 2.3% to close at 19,603 on Wednesday, gaining for the second day amid mounting optimism about potential supportive policies from China to counter tariff risks.

Traders showed increased confidence that the PBoC may further cut RRR in December to spur economic recovery in China, after two reductions totaling 100bps in September and February.

A positive lead from Wall Street Tuesday also enhanced risk appetite, ahead of the US PCE index and indications of further interest rate cuts as Fed officials seemed comfortable with the pace of inflation.

Meanwhile, industrial profits in the mainland fell 10.0% yoy in October, much slower than the prior 27.1% plunge. Investors now anticipate official PMI data in China, set to be released over the weekend.

Gains were broad-based, with robust performance from all sectors. Meituan jumped (7.6%), followed by Chow Tai Fook Jewellery (6.1%), Techtronic Inds. (5.2%), Semicon Manufacturing (3.9%), and Xiaomi Corp. (3.7%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Muted at Finish

 

PT Rifan Financindo Berjangka - The Hang Seng ended nearly flat at around 19,159 on Tuesday following weakness in the prior three sessions, with gains in property and financials offsetting losses in tech and consumers.

Investors parsed reports that US President-elect Donald Trump plans to impose an additional 10% tariff on all Chinese goods entering the US. Meanwhile, Chinese Embassy officials in the US warned that a trade war between the two countries would have no winners. On economic data, October trade figures in Hong Kong are due later today, after exports and imports hit a two-year high in September.

On the monetary front, the PBoC could cut commercial bank's RRR in December to boost the Chinese economy, following two reductions in September and February, totaling 100 bps. Governor Pan Gongsheng indicated this potential move in October.

Among large-cap stocks, Alibaba Health and Cathay Pacific Airways rose 3.1% and 2.3%, respectively, while Xiaomi Corp. (-4.2%) and Kingsoft Corp. (-3.8%) saw notable declines. PT Rifan Financindo Berjangka.

Source : Trading Economics

Hang Seng Retreats for 3rd Session

 

PT Rifan Financindo Berjangka - The Hang Seng fell 79 points, or 0.4%, to close at 19,151 on Monday, marking its third session of declines and holding at a two-month low amid losses across most sectors. Traders remained reluctant to enter fresh positions as markets in China extended their decline to a three-week low, with the Biden administration set to announce new export curbs on China this week.

The new regulations could add up to 200 Chinese chip companies to the list of trade restrictions. Meanwhile, concerns about a weak recovery in China resurfaced ahead of official PMI and industrial earnings data this week. Capping the bearish mood was a report that China and Germany were close to reaching a solution on tariffs on Chinese EV imports into the bloc. Meanwhile, U.S. futures rose, with investors expecting Trump’s pick for Treasury Secretary, Scott Bessent, to focus on economic and market stability. Among the big-cap losers were KE Holdings (-5.6%), Meituan (-2.7%), Sands China (-2.6%), and Tencent Hlds. (-1.5%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hong Kong Shares Fall But Heads for Gains Weekly

 

PT Rifan Financindo Berjangka - The stock market in Hong Kong slipped 74 points or 0.4% to 19,527 in early deals on Friday, marking the second session of decline amid losses in most sectors, notably property and financials.

Still, the Hang Seng is on track to end the week on an upbeat note, with a gain of around 0.5% so far, following a steep drop in the prior period, supported by hopes for significant fiscal measures in China next year as Beijing seeks to mitigate the potential impact of US tariff hikes under the second Trump administration. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Ends 0.5% Lower

 

PT Rifan Financindo Berjangka - The Hang Seng fell by 104 points or 0.5% to close at 19,601 on Thursday after a slight gain in the previous session, dragged by a modest drop in US futures following Nvidia's earnings forecast which fell short of some investors' high expectations.

Meantime, Goldman Sachs analysts noted a clear shift in the macro environment post-US election, with a stronger dollar posing headwinds for Asian equities.

Still, losses were mitigated by hopes that Beijing might adopt stronger fiscal policies next year to counter the impact of Trump's tariffs on Chinese exports. All sectors declined, with tech and property among the top losers.

Kuaishou Tech tumbled 1.8% due to concerns about future profit growth, while Alibaba Pictures slipped 8.4% on lower profits in H1 of 2024. Other major losers included Yadea Group (-5.2%), Chow Tai Fook Jewellery (-4.2%), and KE Holdings (-2.8%). Traders now await Hong Kong's inflation data, due later today, after the September figure reached a three-month low of 2.2%. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Reversing Early Losses, Ending Higher

PT Rifan Financindo Berjangka - The Hang Seng rose 41 points, or 0.2%, to close at 19,705 on Wednesday, reversing an early decline and ending in the green for a third day amid gains across most sectors, led by property and technology.

Sentiment improved after China’s central bank kept its main lending rate at a record low during its monthly setting, following rate cuts in October and July.

In addition, U.S. futures were significantly higher as traders anticipated Nvidia earnings, upcoming speeches by Fed officials and Donald Trump’s political appointments, particularly for Treasury Secretary.

Capping the gains was data from Bloomberg News that 35 Hong Kong-listed companies have reported quarterly results, with average earnings up 0.1% from a year earlier, compared with a 7.3% increase in the previous quarter.

Among the gainers were pharmaceutical stocks, including Innovent Biologics (7.7%), Sino Biopharmaceutical (4.3%), and Hansoh Pharmaceutical (4.2%). Other companies that also recorded significant increases were Akeso Inc. (7.9%) and Smoore Holdings (6.4%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Ends 0.4% Higher Amid Upbeat Wall Street Sentiment

 

PT Rifan Financindo Berjangka - The Hang Seng rose 87 points, or 0.4%, to close at 19,664 on Tuesday (11/19), marking its second session of gains amid positive sentiment from Wall Street on Monday, with lower U.S. Treasury yields boosting the appeal of equities. Meanwhile, Chinese Vice President He Lifeng highlighted the increasing certainty in Hong Kong’s economic growth, as Beijing commits to strengthening the city’s competitiveness, especially in its financial industry to attract more foreign investment.

The gains were broad-based, led by the technology and consumer sectors. However, the gains were capped by caution ahead of the PBoC’s monthly review of its key lending rate. While the central bank is expected to keep its benchmark lending rate at a record low, some traders and analysts are uncertain whether the PBoC will cut the RRR further before the end of the year to help the ailing economy. Trip.Com jumped 5.7% on quarterly earnings that beat expectations. Significant gains were also seen in Smoore Hlds. (7.6%), BYD Electronic (6.7%), Sunny Optical Tech. (3.5%), and Semicon Manufacturing (3.0%). PT Rifan Financindo Berjangka.

 

Source: Trading Economics

Hang Seng Pares Gains at Finish

 

PT Rifan Financindo Berjangka - The Hang Seng rose 150 points or 0.8% to close at 19,577 on Monday, breaking a six-session of losses after China urged listed companies to lift share prices through mergers and acquisitions, employee stock schemes, cash dividends, and share buybacks. However, the index trimmed early rises following Morgan Stanley's downgrade of Hong Kong shares to "underweight" from "market weight". Most sectors advanced, notably financials, consumers, and tech.

Geely Auto jumped 4.4% after Jefferies kept a "buy" rating, citing restructuring efforts to improve efficiencies. Some traders were cautious ahead of China's key lending rate fix after the PBoC kept rates at record lows last month. In the US, some Fed officials are set to speak this week, amid bets they will adopt a cautious tone on rapid rate cuts. Smoore Intl. jumped (4.8%), as did JD Logistics (4.7%), and Want Want China (3.1%). In contrast, Alibaba Group fell 1%, on plans to sell dollar and yuan bonds to pay back debt and buy back shares. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Dips 6.3% Weekly

 

PT Rifan Financindo Berjangka - The Hang Seng ended nearly flat at 19,426 on Friday, following a five-day losing streak. Gains in tech and consumer sectors balanced out losses in property and financial stocks, as traders digested mixed economic data from China. In October, industrial output in the country grew less than expected, but retail sales saw their fastest rise since February. Meantime, China's statistics agency warned of domestic and global challenges, attributing growth in some key indicators to the swift implementation of existing policies and recent new support measures.

For the week, the index sank 6.3%, burdened by downside risks to corporate earnings and tensions with the West, notably the US. Meantime, the direction of US monetary easing remains uncertain. Among individual stocks, Pop Mart Intl. surged 5.2%, while Alibaba Health dropped 5.5%. In the EV sector, Xiaomi Corp. rose 0.7% on signs of strong deliveries in October and November, whereas Geely Auto plunged 4.5% due to a major internal shake-up. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Down at Close

 

PT Rifan Financindo Berjangka - The Hang Seng plunged 388 points, or 2.0%, to close at 19,436 on Wednesday, marking its fifth session of declines and hitting a seven-week low amid sharp declines across all sectors. It was the first time the Hang Seng remained fully open despite the bad weather, with many participants reluctant to enter any trades. Traders shrugged off China’s latest efforts to reverse a property slump through tax incentives on home and land transactions.

Concerns about Sino-U.S. tensions also grew as China could tighten exports of rare earth minerals. The technology index slumped about 3%, taking its losses from an October high to 20%, with JD.com and Xiaomi Corp among the top contributors, reflecting rising geopolitical risks and caution over earnings. Capping the decline was a slight rise in U.S. futures after inflation data matched expectations. Longfor Group plunged 7.4%, followed by China Resources Land (-4.2%), China Overseas Land (-3.5%), and Semicon Manufacturing (-2.4%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Finishes Slightly Lower

 

PT Rifan Financindo Berjangka - The Hang Seng fell 23 points or 0.12% to end at 19,823 on Wednesday, closing in the red for the fourth session amid a sharp drop in US futures as concerns built that US President-elect Donald Trump's planned policies might fuel inflation and slow the pace of interest rate cuts.

Markets hovered around their lowest in six weeks, dragged by the potential appointment of China hawks to key US cabinet positions, which could lead to a tougher stance on trade and tariffs against Beijing. Property and financials mainly retreated, with investors staying vigilant ahead of key US inflation data and upcoming Chinese activity readings. Still, losses were capped by reports that China may cut taxes on home buying by the end of this year.

Meantime, positive outcomes are expected from the Chinese central government's work forum and a Politburo meeting in December. Smoore Intl. Ltd. sank near 6.6%, alongside Akeso Inc. (-3.8%), Wuxi Biologics (-3.0%), Haidilao Intl. Hlds. (-2.7%), and Geely Auto (-2.1%). PT Rifan Financindo Berjangka.

Source : Trading Economics

Hangseng Melemah 580 Poin

 

PT Rifan Financindo Berjangka - Hang Seng jatuh 580 poin atau 2,8% hingga ditutup pada 19.847 pada hari Selasa, memperpanjang kerugian dari sesi sebelumnya dan mencapai titik terendah dalam 6 minggu setelah data kredit di Tiongkok untuk bulan Oktober turun ke jumlah terendah dalam 15 tahun. Pedagang juga gelisah karena Donald Trump siap memilih dua orang dengan rekam jejak mengkritik Tiongkok untuk posisi kunci dalam pemerintahan barunya.

Kerugian bersifat luas, di tengah penurunan yang nyata dalam kontrak berjangka AS, karena kecemasan tentang tarif Trump dan defisit anggaran. Yang membatasi kemerosotan adalah berita dari Bloomberg bahwa Tiongkok berusaha untuk memotong pajak pembelian rumah. Sementara itu, beberapa pedagang mengantisipasi hasil positif dari konferensi kerja pemerintah pusat dan pertemuan Politbiro di Tiongkok bulan depan setelah sesi legislatif minggu lalu gagal meningkatkan permintaan domestik dan meredakan risiko deflasi.

Penurunan besar datang dari saham-saham berkapitalisasi besar seperti China Hongqiao Group (-9,1%), Semicon Manufacturing (-8,1%), Miniso Group (-7,6%), Meituan (-5,5%), dan Zhongjin Mining Inds. (-5,0%).(Cay) PT Rifan Financindo Berjangka.

Sumber : Trading Economi

Hang Seng Turun 2,8% Saat Penutupan

 

PT Rifan Financindo Berjangka - Indeks Hang Seng jatuh 580 poin atau 2,8% hingga ditutup pada level 19.847 pada hari Selasa(12/11), memperpanjang kerugian dari sesi sebelumnya dan mencapai level terendah dalam 6 minggu setelah data kredit di Tiongkok untuk bulan Oktober turun ke level terendah dalam 15 tahun. Para pedagang juga merasa gugup karena Donald Trump siap memilih dua orang dengan rekam jejak mengkritik Tiongkok untuk posisi kunci dalam pemerintahan barunya. Kerugian terjadi secara luas, di tengah penurunan yang signifikan pada kontrak berjangka AS, karena kecemasan tentang tarif Trump dan defisit anggaran.

Yang membatasi kemerosotan adalah berita dari Bloomberg bahwa Tiongkok berusaha untuk memangkas pajak pembelian rumah. Sementara itu, beberapa pedagang mengantisipasi hasil positif dari konferensi kerja pemerintah pusat dan pertemuan Politbiro di Tiongkok bulan depan setelah sesi legislatif minggu lalu gagal meningkatkan permintaan domestik dan meredakan risiko deflasi. Penurunan tajam terjadi pada saham-saham berkapitalisasi besar seperti China Hongqiao Group (-9,1%), Semicon Manufacturing (-8,1%), Miniso Group (-7,6%), Meituan (-5,5%), dan Zhongjin Mining Inds. (-5,0%). PT Rifan Financindo Berjangka.

Sumber: Trading Economics

Hang Seng Index Falls 1.1%; Meituan Leads Decline

PT Rifan Financindo Berjangka - The Hang Seng Index fell 1.1% at 20,728.19 in Hong Kong. The move follows the previous session's increase of 2%.

Meituan contributed the most to the index decline, decreasing 4.1%. Longfor Group Holdings Ltd. had the largest drop, falling 5.8%.

Today, 59 of 82 shares fell, while 22 rose; all sectors were lower, led by commerce and industry stocks. PT Rifan Financindo Berjangka.

Source : Bloomberg

 

Indeks Hang Seng Naik 2%; Meituan Memimpin Kenaikan

 

PT Rifan Financindo Berjangka - Indeks Hang Seng naik 2% pada level 20.953,34 pada hari Rabu (7/11) di Hong Kong. Pergerakan ini mengikuti penurunan sesi sebelumnya sebesar 2,2%.

Meituan memberikan kontribusi terbesar terhadap kenaikan indeks, naik 5,6%. Haidilao International Holding Ltd. mengalami kenaikan terbesar, naik 9,3%.

Hari ini, 65 dari 82 saham naik, sementara 16 saham turun; semua sektor naik, dipimpin oleh saham perdagangan dan industri.(mrv) PT Rifan Financindo Berjangka.

Sumber: Bloomberg

Indeks Hang Seng Jatuh2,2%; Alibaba Pimpin Penurunan

 

PT Rifan Financindo Berjangka - Indeks Hang Seng turun 2,2% ke level 20.538,38 di Hong Kong pada Rabu (6/11). Penurunan ini merupakan yang terbesar sejak turun 3,7% pada 15 Oktober dan mengikuti kenaikan sesi sebelumnya sebesar 2,1%.

Alibaba Group Holding Ltd. memberikan kontribusi terbesar terhadap penurunan indeks, turun 4,1%. Shenzhou International Group Holdings Ltd. mengalami penurunan terbesar, turun 5,6%.

Hari ini, 76 dari 82 saham turun, sementara 6 saham naik; semua sektor turun, dipimpin oleh saham perdagangan dan industri.(mrv)@Newsmaker23 PT Rifan Financindo Berjangka.

Sumber : Bloomberg

Hang Seng Melonjak Pasca Pernyataan Perdana Menteri Tiongkok

 

PT Rifan Financindo Berjangka - Indeks Hang Seng melonjak 439 poin atau 2,1% hingga ditutup pada level 21.007 pada hari Selasa(05/11), naik untuk sesi ketiga ke level tertinggi dalam lebih dari 2 minggu setelah Perdana Menteri Tiongkok Li Qiang mengatakan bahwa Beijing memiliki banyak ruang untuk kebijakan fiskal dan moneter dan bahwa Tiongkok akan memenuhi target pertumbuhan PDB 2024 sekitar 5%. Sementara itu, data survei swasta menunjukkan sektor jasa Tiongkok naik paling tinggi dalam 3 bulan pada bulan Oktober, setelah serangkaian langkah dukungan pada akhir September.

Pada saat yang sama, pertumbuhan sektor swasta Hong Kong mencapai level tertinggi 1-1/2 tahun bulan lalu. Yang menambah suasana optimis adalah kenaikan moderat pada kontrak berjangka AS menjelang pemilihan presiden, keputusan suku bunga Fed, dan jumpa pers Ketua Powell. Namun, kenaikan dibatasi oleh kehati-hatian menjelang pertemuan legislatif Tiongkok, yang akan berakhir pada hari Jumat. Sementara itu, data harga konsumen dan produsen Tiongkok akan dirilis selama akhir pekan. Keuntungan tersebar luas di seluruh sektor, dengan kenaikan tajam dari Sunny Optical Tech (14,3%), Semicon Manufacturing (7,0%), dan BYD Electronic (5,6%).(ayu) PT Rifan Financindo Berjangka.

Source: Trading Economics

Indeks Hang Seng Naik 0,3%; Alibaba Memimpin Kenaikan

 

PT Rifan Financindo Berjangka - Indeks Hang Seng naik untuk hari kedua pada hari Senin (4/11), naik 0,3%, atau 61,09 menjadi 20.567,52 di Hong Kong.

Alibaba Group Holding Ltd. memberikan kontribusi terbesar terhadap kenaikan indeks, naik 1,1%. Trip.com Group Ltd. mengalami kenaikan terbesar, naik 4,8%.

Hari ini, 48 dari 82 saham naik, sementara 26 saham turun; semua sektor naik, dipimpin oleh saham perdagangan dan industri.(mrv)@Newsmaker23 PT Rifan Financindo Berjangka.

Sumber : Bloomberg

Saham Hong Kong Naik Namun Catat Penurunan Mingguan Keempat

 

PT Rifan Financindo Berjangka - Saham Hang Seng naik 189 poin atau 0,9% hingga ditutup pada level 20.506 pada hari perdagangan pertama bulan ini, menghentikan penurunan dua hari karena aktivitas manufaktur di Tiongkok pulih bulan lalu.

Langkah-langkah stimulus Beijing baru-baru ini mulai menunjukkan dampak positif menjelang sesi Kongres Rakyat Nasional pekan depan, yang dapat meluncurkan sejumlah inisiatif. Di sisi moneter, PBoC menyuntikkan CNY 500 miliar melalui reverse repo Kamis malam untuk menjaga likuiditas yang cukup mendekati akhir tahun. Properti, konsumen, dan keuangan mendorong penguatan, dengan kenaikan signifikan dari Akeso Inc. (8,4%), Tencent Holdings (3,7%), dan Meituan (2,8%).

Namun, indeks memangkas kenaikan sebelumnya, turun 0,5% untuk minggu ini sambil menandai periode kerugian keempatnya, karena pendapatan yang lemah di Hong Kong, kekhawatiran atas hasil pemilu AS, dan tarif UE untuk kendaraan listrik Tiongkok. Li Auto anjlok 9,5% menyusul perkiraan pendapatan Q4 yang lebih lemah. Sementara itu, CSPC Pharmaceutical merosot 8,7%, karena laba bersih awal turun selama sembilan bulan pertama.(yds) PT Rifan Financindo Berjangka.

Sumber: Trading Economics