The US Federal Reserve meeting was conducted over 19 and 20 September. We would have known by Thursday morning that the US stock market continued to rise to new highs on 19 September. What this implies is tha...
Hurricane Hato (which raised Hong Kong’s most severe Typhoon 10 warning) has finally come to an end, but my mood remains dampened. Human lives are too fragile; 12 lives were lost just like that.
The Hang Seng Index is gradually approaching the high that it had reached during its 2015 rally. Also, the driving forces behind its rising trend comprise not just the “troika”, but many other players as well.
On Tuesday (4th July), the stock price of Tencent Holdings Ltd (700.HK) adjusted by 4.13 percent and Galaxy Entertainment Group Ltd (027.HK) by 3.56 percent. The total adjustment over the past few days was 6.65 percent for Tencent and 9.14 percent for Galaxy Entertainment Group.
It has been weeks, or maybe even longer, that covered warrants have been hogging the Top Volume column. Even the people at our Kopitiam are trading these warrants because these instruments are very active!
A string of Hong Kong stocks suddenly plunged Tuesday, with traders pointing to links between some of the companies and a brokerage that’s under regulatory investigation.
The top three US indices have reached historical high again. Similarly, the Hang Seng Index has reached its 23-month high. In the year of 2017, the Hang Seng has been rising every month. Many found it incredible, and thus they reduce their share holdings, sell, and lock in profits. Share prices continued to rise for the subsequent months, but turnover has not increased drastically. This shows that the stock market has yet to reach a frenzied state. Many held a pessimistic market outlook as they did not see turnover soar to great heights, but they turned out to be wrong.
Hong Kong stocks opened low on 18 May due to the recent crash of the Dow, but it soon began to rebound, and at a point of time, it was only 30 points from recovering lost ground. The rebound could of course be attributed to the announcement of Tencent’s awesome results.
As a small shareholder of Bank of Communications Co., Ltd, or Bocom in short (3328.HK), I recently received a form inviting me to apply for the new shares of Bocom International (3329.HK) and I was also offered a pre-guaranteed quota.
As Beijing intensifies a campaign to clean up markets and reduce leverage, state-owned enterprises that dominate old growth industries, such as banks and commodity producers, have been among the worst hit, while new-economy shares remain in favor among overseas investors. That’s led to a yawning gap between the nation’s two main offshore gauges -- the Hang Seng China Enterprises Index and the MSCI China Index.