Dr Chan: Don’t Exit Too Early as Hang Seng Rebounds; Gold Price Stands to Surge

The Hong Kong stock market opened yesterday while the mainland China stock market is still at rest, and US stocks had been falling for the past two days. Therefore, it is not a surprise that the Hang Seng Index opened low at the beginning of the New Year. Before that, I had suggested that investors could try betting on a rebound if the Hang Seng opened low.

Dr Chan: Trump Sways Markets as China Chases Dream

The US dollar tumbled on 17 Jan right after Donald Trump said that the US Dollar was “too strong”, only for Fed Chairwoman Janet Yellen to contradict the President-elect the following day when she remarked that the gradual tightening of US monetary policy was the right move.
U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo

Dr Chan: The Battle to Defend the Renminbi Has Begun

China’s foreign exchange reserves had been close to 4 trillion US dollars, but it fell to around 3 trillion USD last year. The reason for such a substantial decline is that a great number of Chinese people have been exchanging their renminbi for foreign currencies.

Dr Chan: Renminbi Depreciation is Good News for HKEX

The Hang Seng index soared on the first opening day of 2017. It met with pressures of arbitrage on the second day, but that is a natural response to its previous consecutive and significant rise and I believe that a rebound will take place soon.

Dr Chan: Do You Believe in the Curse of the Number 7?

On 30 December, I flew back with my family to celebrate the New Year in Singapore. The first thing I did, after I alighted from the plane, was to use the airport Wifi to check the closing price of the Hang Seng index.