Hang Seng index

Shanghai, China, Oct 24 (EFE).- The Hong Kong Stock Exchange fell sharply on Monday with losses of 6.36% following the Chinese Communist Party congress over ...

The digital sector has been at loggerheads with the Communist Party since November 2020, when Beijing pulled the plug on the initial public offering of Alibaba’s ‘fintech’, Ant Group, which was set to be the largest in history but has instead resulted in millions in fines and official investigations. Only 6 of the 73 listed companies on the Hang Seng evaded losses on Monday with banking giant HSBC (+1.32%) and infrastructure conglomerate CK Infrastructure Holdings (+ 4.12%) managing to escape unscathed. A notable downward trend among at least a dozen tech firms that recorded losses of more than 10%, saw Tencent and Alibaba plummet 11.43% and 11.42%, respectively, surpassed by other heavyweights in the sector such as Baidu (-12.2%), JD.com (-13.17%) and Meituan (-14.83%), as well as by the real estate company Longfor Group (-15.08%). The Hang Seng China Enterprises, a gauge of Chinese stocks listed in Hong Kong, plunged by 5.4%, while the one that monitors technology firms, the Hang Seng Tech Index, dropped to 9.65%. The Hang Seng index already ended last week at a 13-year low, and on Monday slumped to the lowest levels since 2009 when the world’s markets collapsed amid the global financial crisis. Shanghai, China, Oct 24 (EFE).- The Hong Kong Stock Exchange fell sharply on Monday with losses of 6.36% following the Chinese Communist Party congress over the weekend, where Xi Jinping secured an unprecedented third term as party leader and shook up the cabinet to instate loyalists.

The ruling party's pursuit of “Common Prosperity” may strengthen under the new leadership team, which bodes well for selected state-owned enterprises, ...

Investing.com -- Chinese stock markets suffered one of their worst ever trading days on Monday, amid fears that President Xi Jinping may use his re-election at ...

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Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a ...

“The [market] reaction in our view is consistent with the reduced prospects of significant stimulus or changes to zero-Covid policy. Shares of Alibaba and several other leading Chinese stocks trading in New York, such as EV companies Nio The GDP data marked a pick-up from the 0.4% increase in the second quarter, when China’s economy was battered by widespread Covid lockdowns. Shanghai, the nation’s financial center and a key global trade hub, was shut down for two months in April and May. The tech-heavy Shenzhen Component Index lost 2.1%. They’re worried that Xi’s tightening grip on power will lead to the continuation of Beijing’s existing policies and further dent the economy. The Chinese yuan weakened sharply, hitting a fresh 14-year low against the US dollar on the onshore market. In addition to securing an unprecedented third term as party chief, Xi packed his new leadership team with On the offshore market, where it can trade more freely, the currency tumbled 0.8%, hovering near its weakest level on record, even as the Chinese economy grew 3.9% in the third quarter from a year ago, according to the National Bureau of Statistics. The index closed at its lowest level since April 2009. Coupled with a further weakening in the global economy and a persistent slump in China’s real estate, all the headwinds will continue to pressure the Chinese economy, he said. Those pushed aside included Premier Li Keqiang, Vice Premier Liu He, and central bank governor Yi Gang.

Foreign investors sold a net 17.9 billion yuan ($2.47 billion) of Chinese onshore shares via Stock Connect on Monday, the biggest outflow since the scheme was ...

[Saved Items](/members-admin/saved-items) "You've got to divorce current fear factors of the international investors ... Record foreign outflows via a trading link between the mainland and Hong Kong knocked China's benchmark CSI300 Index down 3%. Hong Kong-listed Chinese developers also plummeted 10.8% to record lows. [Block List](/members-admin/settings-blocked-users) NEW YORK (Reuters) - U.S. (Reuters) - U.S. [BABA](/equities/alibaba)) Group and Tencent Holdings (OTC: [TCEHY](/equities/tencent-holdings-pk)) Ltd both plunged 11%, dragging the Hang Seng Tech Index down 9.7% to a record low. Foreign investors sold a net 17.9 billion yuan ($2.47 billion) of Chinese onshore shares via Stock Connect on Monday, the biggest outflow since the scheme was launched in 2014. HONG KONG (Reuters) -Hong Kong stocks slid to 13-year lows on Monday and the [Hang Seng index](/indices/hang-sen-40) slumped 6.4%, recording its worst day since the depth of the global financial crisis in late 2008. [Free Sign Up](javascript:void(0);) [Joe Rizzuto](/members/contributors/201023136)3 hours ago [Saved Items](/members-admin/saved-items).

Hong Kong stocks slid to 13-year lows on Monday and the onshore yuan fell to its weakest in nearly 15 years as global investors dumped Chinese assets after ...

"You've got to divorce current fear factors of the international investors ... Onshore yuan fell to its weakest level in nearly 15 years. Record foreign outflows via a trading link between the mainland and Hong Kong knocked China's benchmark CSI300 Index down 3%. Hong Kong-listed Chinese developers also plummeted 10.8% to record lows. An amendment to the Communist Party's constitution enshrined "developing fighting spirit, strengthening fighting ability", while a call to oppose and deter forces seeking independence for Taiwan was included for the first time. The catalyst for the worry was the Communist Party Congress and the perception that there was not enough economic focus, he said.

Staff reporter and agencies It was a bloody Monday for the Hong Kong stock market yesterday following the absence of any signs of relaxation...

They are expected to be replaced by Xi's allies after he installed six associates on the Politburo's Standing Committee, putting his former chief of staff, Li Qiang, in line to become premier. "The exit path from zero-Covid is not yet clear." The Nasdaq Composite Index has lost more than 30 percent of its value. Economists remain wary about future growth, given the rolling Covid lockdowns. But the Hang Seng Futures rose 100 points by last night. Market turnover reached HK$161.8 billion, the highest since June.

The global forecast for the Asian markets continues to be upbeat on optimism over the outlook for interest rates. The European and U.S. markets were up and the ...

Closer to home, Hong Kong will release September figures for imports, exports and trade balance later today. The global forecast for the Asian markets continues to be upbeat on optimism over the outlook for interest rates. Crude oil prices moved lower on Monday, giving ground following the advance seen last Friday. The European and U.S. West Texas Intermediate crude for December delivery fell $0.47 or 0.6 percent to $84.58 a barrel. (RTTNews) - The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 1,730 points or 10.7 percent along the way. In August, imports were down 16.3 percent on year, exports sank 14.3 percent and the trade deficit was HKD13.3 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Dow soared 417.06 points or 1.34 percent to finish at 31,499.62, while the NASDAQ spiked 92.90 points or 0.86 percent to end at 10,952.61 and the S&P 500 jumped 44.59 points or 1.19 percent to close at 3,797.34. For the day, the index plummeted 1,030.43 points or 6.36 percent to finish at 15,180.69 after trading between 15,082.84 and 15,993.88. The lead from Wall Street is upbeat as the major averages shook off early directionless trade on Monday but steamed higher in the afternoon to finish firmly in the green. The Hang Seng finished with huge losses on Monday with damage in all sectors, especially the properties and technology stocks.

Stock prices weaken as investors continue to shun local markets amid worries about China's leadership reshuffle and outlook for corporate earnings.

Hong Kong stocks were volatile and mainland China markets continued to slide Tuesday, while other major Asian markets rose.

In Australia, the [S&P/ASX 200](/quotes/.AXJO/) was up 0.64%. It was last up 0.67%, and the Kosdaq gained 0.93. [Nikkei 225](/quotes/.N225/) added 0.77% and the Topix climbed 0.8%. "We believe this is a good opportunity to add given an expected growth recovery, gradual COVID reopening, and monetary and fiscal stimulus. [Hang Seng index](/quotes/.HSI/) in Hong Kong lost as much as 1.54% and was last up 0.18%, while Hang Seng Tech was more than 1% higher. The MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.3%. The S&P 500 rose about 1.2% and closed at 3,797.34. Overnight in the U.S., the Dow Jones Industrial Average climbed 417.06 points, or 1.3%, to close at 31,499.62. local time, according to a statement from his office. [Nikkei 225](/quotes/.N225/) in Japan added 0.8% in the first hour of the trading session and the Topix climbed 0.84%. In Australia, the [S&P/ASX 200](/quotes/.AXJO/) was up 0.3%. The

On Monday, Oct. 24, Hong Kong and China stocks dropped, reversing the upward trend of U.S. stocks' onFriday, ...

But he has never served as vice premier, which has been a prerequisite for premiership for decades, and he also lacks the experience of leading a poor province, a prerequisite for a senior position in the party. Some analysts believed that the meeting revealed that Xi and Li have divergent views on epidemic prevention and control policies and economic issues. Ji believes that Xi Jinping is moving backward economically to a planned economy and that the leek-cutting (ripping off the poor repeatedly) has offended his fellow capitalists, such as Jack Ma, who represents the interests of a group of bureaucratic capitalists. The ground-stall economy is a plan to get lower-income households into the mass market. From another point of view, it has been very difficult for Li Keqiang to play his role as the premier. Vice Premier Liu He personally supported Li Qiang in 2015 to build “small towns with special characteristics,” that is, small cities with pleasant climates and beautiful environments. In addition, many red capitalists based in Hong Kong and opposed to Xi may stage a “Desperate Escape.” According to today’s trading, foreign investors withdrew 17.9 billion yuan from A-shares in panic, setting a record for single-day capital movements since the opening of the Shanghai-Shenzhen-Hong Kong Stock Connect, including 4.367 billion yuan from Guizhou Maotai (Shanghai: 600519) and 590 million yuan from Wu Liangye (Shenzhen: 000858). The Australian dollar also weakened significantly today, depreciating about 1.5 percent, as the currency has a degree of correlation with China’s real estate and infrastructure, and this relationship stems from Australia’s annual export of large amounts of iron ore to the mainland. What happened to former Chinese leader Hu Jintao, who was escorted out of the Congress by two men before everyone’s eyes shocked the foreign media as well as people in China. It is mostly interpreted that investors are worried that the direction of economic development will be more uncertain after the 20th CCP Congress. The Hang Seng Index plunged by more than 1,000 points, and the Shenzhen Composite Index and Shanghai Composite Index fell by more than two percent.

Hong Kong stocks traded mixed on Tuesday with the benchmark Hang Seng Index falling over 1% in morning trade as investors continued to flee mainland Chinese ...

[Chinese stocks](https://www.benzinga.com/taxonomy/term/43462) [Eurasia](https://www.benzinga.com/taxonomy/term/841141) [Hang Seng Index](https://www.benzinga.com/taxonomy/term/17820) South Korea’s Kospi was trading flat. Elsewhere in the Asia Pacific, Australia’s ASX 200 was down 0.19%. The Dow Jones futures were down 0.14% while the Nasdaq futures lost 0.24%. Alibaba Health Information Technology Limited and Lenovo Group Limited are the top gainers, having risen over 2% respectively. Shares of Alibaba traded over 0.2% higher while Xpeng shares gained over 2% in morning trade.

Hong Kong's Hang Seng Index has its steepest fall since the 2008 Global Financial Crisis. Meanwhile, the offshore Chinese currency yuan hit a 14-year-low ...

It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. No representation or warranty is given as to the accuracy or completeness of this information. The Hang Seng Index shocked global investors on Monday with a jaw-dropping seven percent intraday decline, erasing all the gains made for the past 13 years. With only one voice to rule the country, it’s foreseeable that a more isolated, inward-looking China could create even more challenges for its long-term business partners. Hong Kong’s Hang Seng Index has its steepest fall since the 2008 Global Financial Crisis. Mr Li is also well known for strictly locking down the 26 million-populated city of Shanghai for over two months.

Hong Kong's benchmark index suffered its biggest one-day sell-off since the global financial crisis and tech stocks were routed as investors digested the ...

[This followed on the heels of China’s gaming regulator granting publishing licences for 45 games from developers including Baidu](https://www.reuters.com/world/china/china-takes-steps-ease-up-regulatory-crackdown-economy-slows-2022-06-09/), ending a nine-month freeze. Beijing has also sought to mitigate the effects of a downturn in the country’s property sector, which has roiled financial markets, cutting mortgage loan interest rates in May for some buyers, in an effort to buttress the sector. [In July, Didi was fined $1.2bn following a probe into antitrust violations](https://www.reuters.com/technology/despite-didis-12-bln-fine-china-techs-regulatory-woes-may-not-be-over-2022-07-22/#:~:text=Beijing's%20launch%20of%20a%20cybersecurity,Holdings%20(0700.HK).), effectively drawing a line under one of the most high-profile casualties of the crackdown.

Hong Kong's benchmark Hang Seng Index plunged to a 13-year-low after Chinese leader Xi Jinping cemented his power with an unprecedented third term and ...

[Newsletter](https://www.hongkongfp.com/newsletter/) [Error/typo?](https://www.hongkongfp.com/hkfp-corrections-policy/) [Contact Us](https://www.hongkongfp.com/contact-us/) [Code of Ethics](https://www.hongkongfp.com/hkfp-code-ethics/) [Support HKFP](https://support.hongkongfp.com/) The index slipped past 15,000 soon after the market opened on Tuesday morning, but it climbed back up to 15,313.22 as of noon.

Hong Kong's Hang Seng Index has its steepest fall since the 2008 Global Financial Crisis. Meanwhile, the offshore Chinese currency yuan hit a 14-year-low ...

Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. The Hang Seng Index shocked global investors on Monday with a jaw-dropping seven percent intraday decline, erasing all the gains made for the past 13 years. With only one voice to rule the country, it’s foreseeable that a more isolated, inward-looking China could create even more challenges for its long-term business partners. We use a range of cookies to give you the best possible browsing experience. Hong Kong’s Hang Seng Index has its steepest fall since the 2008 Global Financial Crisis.