Hong Kong Equities Muted ahead of Holidays

 

PT Rifan Financindo Berjangka - Shares in Hong Kong were little changed on Tuesday morning, hovering around 20,210 after gaining in the prior two sessions. Trading was notably sluggish, with markets set to close early as the Lunar New Year looms large.

Meanwhile, US futures pulled back after a Monday sell-off on Wall Street fueled by mounting concerns over investment in the AI sector, following the emergence of Chinese startup DeepSeek. On the trade front, Hong Kong's export growth notched a 4-month high in December while imports fell for the first time in 10 months.

For the week, the Hang Seng is on track to gain for the third session, up around 0.7% so far, supported by signs of institutional investors starting to flow into mainland stock markets as a result of Beijing's move last week to attract long-term capital from insurers and mutual funds. Xiaomi Corp. hit a record high, jumping over 2%. Meanwhile, China Cinda Asset Management slipped 3.4%, due to a weak earnings outlook. PT Rifan Financindo Berjangka.

Source : Trading Economics

Hong Kong's Hang Seng Index closes up 0.14%

 

PT Rifan Financindo Berjangka - Hong Kong stocks closed higher on Tuesday (1/28), with the benchmark Hang Seng Index up 0.14 percent to 20,225.11 points. Trading was closed for the afternoon session on Lunar New Year's Eve, which falls on Tuesday.

The Hang Seng China Enterprises Index edged down 0.01 percent to 7,382.13 points, and the Hang Seng Tech Index rose 0.77 percent to 4,723.63 points.

The Hang Seng Index gained 28.44 percent during the Year of the Dragon. The Hang Seng China Enterprises Index surged 39.1 percent and the Hang Seng Tech Index surged 51 percent. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hong Kong Stocks Fall on Soured Sentiment Over U.S. Tariffs as Relief Measures Fail to Impress Investors

 

PT Rifan Financindo Berjangka - The Hang Seng Index fell 0.40%, or 78.21 points, to close at 19,700.56 on Thursday. The Hang Seng China Enterprises Index fell 0.18%, or 12.92 points, to end at 7,164.22.

Wu Qing, the chairman of the China Securities Regulatory Commission announced plans on Thursday to boost the stock market. Authorities will call on Chinese insurers to invest at least 100 billion yuan in long-term funds into stocks in the first half.

The move is seen to aid the country's struggling stock market following US President Donald Trump's statement that he will slap 10% tariffs on Chinese goods beginning in February, Reuters reported Thursday, a report said.

In corporate news, OSL Group (HKG:0863) expects a profit of between HK$47 million and HK$52 million from continuing operations for the year 2024, compared with a loss from continuing operations of around HK$250 million in 2023, propelling the shares of the company to close over 9% higher on Thursday. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Dips 1.6% at Close

 

PT Rifan Financindo Berjangka - The Hang Seng tumbled 328 points or 1.6% to finish at 19,779 on Wednesday, snapping a six-session of losses and pulling back from a one-month peak amid falls across sectors. Sentiment turned sour after US President Trump said Tuesday that he could impose a 10% tariff on imports of Chinese goods as soon as February.

All sectors fell, with tech sinking 2.6% after Trump announced a private sector investment of up to USD 500 billion to boost AI growth and outpace rival nations. A slight drop in US futures further rattled sentiment while mainland markets ended notably lower after a subdued start to the week.

Helping to limit further weakness were remarks from Chinese Vice Premier Ding Xuexiang at the World Economic Forum in Davos that Beijing will import more and is not seeking a trade surplus. Zengame Tech slipped near 13%, hitting its lowest in two years, on a weak profit forecast. Other notable losers included KE Hlds. (-4.6%), Longfor Group (-3.9%), and Chow Tai Fook Jewellery (-3.7%). PT Rifan Financindo Berjangka.

Source: Trading  Economics

Hang Seng Index Rises 0.9%; Xiaomi Leads Advance

 

PT Rifan Financindo Berjangka - The Hang Seng Index rose for the sixth day, climbing 0.9%, or 180.74 to 20,106.55 in Hong Kong. The index advanced to the highest closing level since Dec. 12.

Xiaomi Corp. contributed the most to the index gain, increasing 3.5%. Sunny Optical Technology Group Co. had the largest increase, rising 7.3%.

Today, 55 of 83 shares rose, while 24 fell; 3 of 4 sectors were higher, led by commerce and industry stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Index Rises 1.7%

 

PT Rifan Financindo Berjangka - The Hang Seng Index rose for the fifth day, climbing 1.7%, or 341.75 to 19,925.81 in Hong Kong. The index advanced to the highest closing level since Dec. 31.

Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 4.7%. JD.com Inc. had the largest increase, rising 7.3%.

Today, 60 of 83 shares rose, while 21 fell; all sectors were higher, led by commerce and industry stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Index Rises 0.3%

 

PT Rifan Financindo Berjangka - The Hang Seng Index rose for a fourth day, rising 0.3%, or 61.17, to 19,584.06 in Hong Kong. The index rose to its highest close since Jan. 6.

Semiconductor Manufacturing International Corp. contributed the most to the index’s advance and had the biggest mover, rising 9.6%.

For the day, 48 of 83 stocks rose, while 30 fell; three of four sectors rose, led by trade and industrial stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Index Rises 1.2%

 

PT Rifan Financindo Berjangka - The Hang Seng Index rose for the third day, climbing 1.2%, or 236.82 to 19,522.89 in Hong Kong.

The index advanced to the highest closing level since Jan. 6.

HSBC Holdings Plc contributed the most to the index gain, increasing 1.8%. China Hongqiao Group Ltd. had the largest increase, rising 5.6%.

Today, 66 of 83 shares rose, while 15 fell; all sectors were higher, led by commerce and industry stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Index Rises 0.3%

 

PT Rifan Financindo Berjangka - The Hang Seng Index rose for a second day, rising 0.3%, or 66.29, to 19,286.07 in Hong Kong. The index rose to its highest close since Jan. 7.

Tencent Holdings Ltd. contributed the most to the index’s gain, rising 1.3%. Semiconductor Manufacturing International Corp. was the biggest gainer, rising 6.0%.

Forty of 83 stocks rose on the day, while 39 fell; all sectors rose, led by financials. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Soars Near 2% at Close

 

PT Rifan Financindo Berjangka - The Hang Seng surged 346 points or 1.8% to end at 19,220 on Tuesday, halting a six-session of falls after China’s top securities regulator said it would work with the PBoC to enhance policy tools, which allows institutional investors to access central bank funding for buying stocks.

In other news, the PBoC indicated it will increase forex reserves allocated to assets in Hong Kong. On the data front, new yuan loans jumped in December after falling to their lowest level since 2012 in November. Separately, US futures rose markedly on optimism that the Fed will hold rates later this month. Meantime, Donald Trump’s incoming economic team is mulling a gradual approach to increasing tariffs.

However, rises were capped by caution ahead of Q4 China's GDP prints and December activity data, such as industrial output and retail sales, in the coming days. Gains were widespread, with top winners including Meituan (5.1%), Kuaishou Tech. (4.9%), BYD Electronic Intl. (3.6%), and Xiaomi Corp. (2.9%). PT Rifan Financindo Berjangka.

Source: Trading Ecnomics

Hang Seng Index Down 1% at Close

 

PT Rifan Financindo Berjangka - The Hang Seng Index fell for a sixth day, dropping 1%, or 190.15, to 18,874.14 in Hong Kong. The index fell to its lowest close since Sept. 23.

Alibaba Group Holding Ltd. contributed the most to the index’s decline, dropping 1.9%. Haier Smart Home Co. was the biggest decliner, dropping 6.8%.

On the day, 62 of 83 stocks fell, while 20 rose; all sectors fell, led by trade and industrial stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Sinks 3.5% This Week

 

PT Rifan Financindo Berjangka - The Hang Seng fell 177 points or 0.9% to close at 19,064 on Friday, declining for the fifth session and reaching its lowest in over six weeks due to broad-based sector losses.

Nervous traders reacted to the PBoC’s decision to pause treasury bond purchases which triggered a rise in yields. Investors cautiously awaited China’s December trade data, due over the weekend. In November, exports grew less than expected, while imports unexpectedly shrank.

Meanwhile, US futures pointed to a weaker open on Wall Street, with traders bracing for NFP data later today. For the week, the index slumped 3.4%, marking its second straight weekly drop amid mounting concerns that Chinese stocks were nearing bear-market territory.

Additionally, the latest FOMC meeting minutes suggested persistent inflation risks, potentially capping the scope for rate cuts this year. Among single stocks, steep losses included JD Health Intl. (-4.8%), Meituan (-3.3%), Kunlun Energy Co. (-3.1%), and China Tower Corp. (-2.7%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Index Falls 0.2%; Meituan Leads Decline

 

PT Rifan Financindo Berjangka - The Hang Seng Index fell for the fourth day, dropping 0.2%, or 38.95 to 19,240.89 in Hong Kong. The index dropped to the lowest closing level since Nov. 26.

Meituan contributed the most to the index decline, decreasing 1.6%. Li Ning Co. had the largest drop, falling 5.0%.

Today, 51 of 83 shares fell, while 29 rose; 3 of 4 sectors were lower, led by finance stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hong Kong Shares Down 0.9%

 

PT Rifan Financindo Berjangka - Hong Kong shares closed lower, tracking Wall Street’s overnight decline. Investors’ focus is on U.S. nonfarm payrolls data due later in the week, IG market strategist Yeap Jun Rong said in a note.

Stronger jobs data “could trigger further risk aversion on a less dovish Fed view,” Yeap added.

Among the decliners, Sunny Optical Technology fell 7.6%, Techtronic Industries dropped 4.7% and Zhongsheng Group dropped 4.05%.

Meanwhile, NetEase rose 3.0% and WH Group gained 2.9%. The Hang Seng Index fell 0.9% to end at 19,279.84; the Hang Seng Tech Index fell 1.1% to 4,307.40. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Index Drops 1.2%

 

PT Rifan Financindo Berjangka - The Hang Seng Index fell for a second day, dropping 1.2%, or 240.71, to 19,447.58 in Hong Kong.

The index fell to its lowest close since Nov. 29.

Tencent Holdings Ltd. contributed the most to the index’s decline and was the biggest decliner, dropping 7.3%.

For the day, 48 of 83 stocks fell, while 31 rose; all sectors fell, led by trade and industrial stocks. PT Rifan Financindo Berjangka.

Source: Bloomberg

Hang Seng Falls 0.4% at Close

 

PT Rifan Financindo Berjangka - The Hang Seng fell 72 points, or 0.4%, to close at 19,688 on Monday after trading slightly higher in the morning, dragged down by losses across sectors.

Sentiment turned sour as China’s markets slumped to a near three-month low, down for a fourth session amid growing concerns over a sluggish recovery and trade risks as Trump returns to the White House.

Limiting losses was a private sector survey that showed China’s services activity rose the most in seven months in December, even as overseas orders fell and cost pressures increased.

Meanwhile, the Shanghai and Shenzhen bourses met with foreign institutions over the weekend, pledging to further open up China’s stock markets.

Index leaders Tencent Hlds. and Meituan fell 1.2% and 2.2%, respectively. Other notable losers were JD Logistics (-6.7%), Pop Mart Intl. (-5.7%), and China Hongqiao Group (-3.7%). In contrast, Xpeng Inc. jumped 3.1% after agreeing with Volkswagen to expand their partnership and work together on an ultra-fast EV charging network in China. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Rises 1.6% for Week

 

PT Rifan Financindo Berjangka - The Hang Seng rose 137 points, or 0.7%, to close at 19,760 on Friday (3/1) after dropping more than 2% in the previous session, boosted by gains in most sectors, including consumer, technology and property. The prospect of an interest rate cut by the People's Bank of China this year supported sentiment. In addition, traders welcomed the second round of the Chinese central bank's CNY55 billion swap facility operation to support the country's stock market.

Separately, China's top planning agency announced an expansion of consumer subsidies to cover smartphones and other electronics, aimed at boosting domestic demand. However, the index pared its early gains, ending the week down 1.6%, weighed down by growing caution ahead of Donald Trump's inauguration as president on Jan. 20, underscoring concerns about a potential U.S.-China trade spat. Among individual stocks, Miniso Group jumped 8.4%, followed by Smoore International Holdings (8.3%), Xiaomi Corp. (8.3%), and (6.0%), Pop Mart Int. (3.4%), and BYD Electronic Intl. (2.6%). PT Rifan Financindo Berjangka.

Source: Trading Economics

Hong Kong Shares Jump but Face Weekly Losses

PT Rifan Financindo Berjangka - The Hong Kong stock market climbed 248 points or 1.2% to 19,838 in Friday morning trade, partly recovering from a slump of around 2% in the prior session, with gains across most sectors, particularly tech, consumers, and property. However, markets are on track to post a weekly decline, down around 1% so far, due to looming tariff threats from the incoming US administration under Donald Trump.

Meanwhile, local data showed that retail sales in Hong Kong fell for the ninth consecutive month in November, shrinking by 8.3% yoy and deepening from October's 4.8% decline. PT Rifan Financindo Berjangka.

Source : Trading Economics

Hang Seng Jumps 18% in 2024, Ending Four-Year Decline

PT Rifan Financindo Berjangka - The Hang Seng Index rose 18.5 points, or 0.1%, to 20,060 on the last trading day of 2024 (31/12), after a modest decline in the previous session, helped largely by gains in the property and financial sectors. Official PMI readings from China supported sentiment, highlighted by a third-month expansion in the manufacturing sector and the strongest growth in nine months for services activity. The index rose 3.3% for the month, marking its first increase in three months.

The index has surged nearly 18% for the year, ending a four-year decline. The impressive progress has been driven by a range of support measures in China since H2 2024. Bets on higher fiscal spending next year have also boosted optimism, despite potential headwinds from global uncertainties and geopolitical tensions. On the monetary side, the PBoC has pledged to provide further monetary easing by 2025. Strong annual gains were seen at Alibaba Group (25.3%), Meituan (24.3%), China Mobile (19.8%), Tencent Holdings (18.7%), and HSBC Holdings (15.2%). PT Rifan Financindo Berjangka.

Source: Trading Economics