Stocks in Hong Kong Hit 4-week High

PT Rifan Financindo Berjangka - Hong Kong's shares were almost flat in the Monday morning session, trading around 19,868 following a rally in the previous session, with investors responding to China's CPI and PPI data. Consumer prices in the mainland rose by 0.2% yoy in November, missing consensus of 0.5% while marking the softest increase in five months. At the same time, producer prices fell by 2.5%, pointing to the 26th month of drop despite softening from October's print of a 2.9% fall.

On local data, forex reserves in the city notched a nine-month peak of USD 425 billion last month. Market participants monitored China's key policy gatherings this week, including the Central Economic Working Conference and Politburo meeting, looking for signs of fresh stimulus. In the US, Donald Trump told NBC on Sunday that he has no plans to replace Fed Chair Powell once he returns to the White House. Wuxi Biologics (9.0%) and BYD Electronic (8.5%) surged while Miniso Group and China Mengniu Dairy slipped by 3.6% and 2.7%, respectively. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hong Kong Stock Exchange

PT Rifan Financindo Berjangka - Equities in Hong Kong surged 233 points or 1.2% to 19,789 in early trade on Friday, bouncing back from a weak session the prior day amid optimism that China’s central bank will deliver more monetary easing next year to bolster growth and combat deflation. Goldman Sachs and Morgan Stanley forecast reductions of 40bps to the PBoC’s main policy rate in 2025, the largest interest rate cut in a decade. The Hang Seng is on track for its second straight weekly gain, up nearly 2% so far, buoyed by hopes of positive outcomes from the upcoming central economic working forum and Politburo meeting in China.

However, further gains were tempered by a pullback in US futures, ahead of the monthly US jobs report later today. Meantime, some traders adopted a cautious stance before key Chinese data next week, including CPI, PPI, and trade figures. Among the top early movers were Giant Biogene Holdings (7.3%), Prada Spa (5.2%), Wuxi Biologics (4.3%), China Longyuan Power (3.4%), and Kunlun Energy (3.0%).(Cay) PT Rifan Financindo Berjangka.

Source: Trading Economi

 

Hang Seng finished a trading session with little movement

 

PT Rifan Financindo Berjangka - Hang Seng finished a trading session with little movement on Wednesday, closing around 19,742 following gains in the previous three sessions. Traders digested private survey data revealing an unexpected slowdown in China's services activity last month, despite a series of support measures from Beijing since September. In Hong Kong, private sector activity grew for the second straight month, although at a slower pace.

Market participants cautiously watched political developments in South Korea, where a brief declaration of martial law led to the opposition pushing for the impeachment of President Yoon Suk Yeol.

On the trade front, Beijing announced a ban on rare earth exports to the US in the wake of Washington’s latest crackdown on Chinese chip sector. In the US, Fed Chair Powell will be speaking in New York later today, with monthly jobs data due on Friday. Miniso Group (4.6%) and Trip.Com (2.5%) posted strong gains while Akeso Inc. (-6.4%) and GCL Tech Hlds. (-4.8%) retreated.(Cay) PT Rifan Financindo Berjangka.

Source: Trading Economi

Hong Kong Stocks Rise for 4th Session

 

PT Rifan Financindo Berjangka - Hong Kong stocks rose 29 points, or 0.2%, to 19,781 in early trade on Wednesday, rising for a fourth session amid a sharp rise in U.S. stock futures after Wall Street hit another record high overnight, ahead of upcoming monthly U.S. jobs data and a speech by Fed Chair Powell.

Meanwhile, private survey data showed China’s services sector expanded for a 23rd straight month in November, although the pace of growth slowed from a three-month peak in October.

Consumer and technology stocks were mostly higher, following remarks from China’s central bank that it will adopt supportive policies next year and ease financing costs for businesses and households. PT Rifan Financindo Berjangka.

Source: Trading Economics

Hang Seng Index Rises 1%; Led by Finance Sector

 

PT Rifan Financindo Berjangka - The Hang Seng Index rose for the third day, climbing 1%, or 196.03 to 19,746.32 in Hong Kong. The index advanced to the highest closing level since Nov. 13.

Today, finance stocks led the market higher, as all sectors gained; 66 of 82 shares rose, while 15 fell.

China Construction Bank Corp. contributed the most to the index gain, increasing 2.0%. Wuxi Biologics Cayman Inc. had the largest increase, rising 7.9%. PT Rifan Financindo Berjangka.

Source: Bloomberg

Indeks HangSeng rose 127 points or 0.65% to close at 19,550 on Monday,

 

PT Rifan Financindo Berjangka - The Hang Seng rose 127 points or 0.65% to close at 19,550 on Monday, marking gains for the second session amid strength across sectors. Upbeat manufacturing data from China, provided by both officials and a private survey, boosted sentiment as stimulus measures initiated in September began to take effect.

Meanwhile, bets increased that the PBoC might roll out more policy easing, potentially including further reductions in the RRR and injecting more liquidity into the markets. Locally, Hong Kong's retail sales fell the least in eight months for October, with a government spokesperson saying China's recent stimulus helped support consumption sentiment and economic activities in the city.

However, further gains were capped by a notable drop in US futures after a winning week and month on Wall Street in the wake of Donald Trump's victory. Some top performers of the day included Miniso Group (17.7%), BYD Electronic (10.9%), Nongfu Spring (8.0%), Prada Spa (5.2%), and Wuxi Biologics (3.5%).(Cay) PT Rifan Financindo Berjangka.

Source: Trading Economi

Hang Seng Rises But Closes Month with Steep Losses

 

PT Rifan Financindo Berjangka - The Hang Seng rose 57 points or 0.3% to finish at 19,424 on Friday after tumbling in the prior session, helped by gains in all sectors. The tech index led the rise amid potentially softer-than-expected US curbs on chip equipment sales to China. Financials and consumers also advanced, as China would ease visa restrictions for Shenzhen residents visiting Hong Kong from Dec.

In the US, Wall Street will resume trading after Thursday's holiday. For the month, however, markets logged their second straight decline, down by 4.4%, burdened by increased concerns over the impact of persistent trade disputes between Beijing and Washington. At the same time, it remains unclear whether China will roll out new measures to spur economic recovery, with the year drawing to a close. Some traders cautiously prepared for November PMI data from Chinese officials, set to be published on Saturday. Among the top movers of the day included Galaxy Ent. (4.4%), Semicon Manufacturing (4.0%), and Li Auto (3.8%). PT Rifan Financindo Berjangka.

Source: Trading Economics