#HANG SENG INDEX

[uniqueeval]

Asia stock markets: Australia markets, India inflation

The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets were mixed Friday, as mainland Chinese markets set a new six year low and Australian markets near an all time high. In Asia, investors will react to August inflation figures out…

[petnews2day]

Opinion | Hong Kong’s stock market rebound: dead cat bounce or durable recovery?

New Post has been published on https://petn.ws/i7UI8

Opinion | Hong Kong’s stock market rebound: dead cat bounce or durable recovery?

Who would have thought as recently as a few months ago that the Hang Seng Index would be the world’s best performing major stock market in April? Last month, Hong Kong’s benchmark index rose 7.4 per cent, bringing its gains since January 22 to 18.7 per cent and putting it on the cusp of a […]

See full article at https://petn.ws/i7UI8 #CatsNews #HangSengIndex, #InterestRates, #MSCIChinaIndex, #SP500Index, #StockConnectScheme, #Yen, #Yuan

[vikartaa]

Asia markets open mixed, EV maker shares resume selloff amid Tesla's slowdown warning

Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were mixed Friday as investors digested inflation data from Tokyo. Shares of electric vehicle makers in the region dropped for a second day, unable to shrug off worries sparked by bellwether Tesla’s slowdown warning. Hong Kong-listed shares of Xpeng and…

[werr455]

Asia markets decline as investors assess Japan's inflation; Evergrande bankruptcy file in China

36 minutes ago Philippine central bank governor says there is room for further rate hikes The head of the Philippine central bank said there is room for further interest rate hikes without hurting economic growth. “I think we have room to go hiking without shrinking the economy,” Eli Rimolona, ​​governor of Bangko Sentral ng Pilipinas, told CNBC. The Philippine central bank left its benchmark…

[mrbilge]

HANG SENG ends up +1.41% in Friday

Best performer:

Sunny Optical Technology Company Limited 

Trading Up(+8.82%) - known as Sunny Optical or just Sunny is a Chinese civilian-run enterprise and listed company that produces optical lenses.

It was founded in 2006 and became a listed company in 2007. It is one of the largest optical lens manufacturers in the world, with a market share of over 20%. Sunny Optical's products are used in a wide range of applications, including mobile phones, cameras, microscopes, and automotive safety systems.

Customers include major Chinese smartphone brands such as Huawei, Oppo, and Vivo. The company also supplies lenses to other leading global brands, such as Sony, Panasonic, and Olympus.

Sunny Optical is a research-intensive company with a strong focus on innovation. The company has over 1,000 R&D personnel and has filed over 10,000 patents. Sunny Optical is committed to developing new optical technologies and products that meet the needs of its customers.

In recent years, it has expanded its global footprint. The company has established subsidiaries in North America, Europe, and Asia. 

It is also a major supplier to the automotive industry, and the company has established a manufacturing plant in Germany to meet the growing demand for automotive lenses.

Sunny Optical's customers include a wide range of companies, including:

Mobile phone brands: Huawei, Xiaomi, Oppo, Vivo, Lenovo, Samsung

Camera brands: Sony, Panasonic, Olympus, Carl Zeiss

Automotive brands: Magna, TRW, Continental

Medical device brands: Hikvision

Optical instrument brands: Edmund Optics, Thorlabs

Sunny Optical also supplies lenses to other industries, such as security surveillance, industrial automation, and virtual reality.

Sunny Optical Technology (Group) Company Limited (HKSE: 2382) reported its financial results for the third quarter of 2023 on March 20, 2023.

The company's revenue for the third quarter of 2023 was RMB 8.11 billion (US$1.2 billion), down 1.7% from the same quarter last year. 

Net income was RMB 2.21 billion (US$320 million), down 10.4% from the same quarter last year.

The company's gross margin was 19.9%, down from 20.9% in the same quarter last year. 

Operating margin was 7.56%, down from 8.2% in the same quarter last year.

Despite the challenges, the company's management remains confident in the company's long-term growth prospects. The company is investing in new technologies, such as augmented reality and artificial intelligence, to drive future growth.

Sunny Optical's prospects are positive for the following reasons:

The global optical lens market is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2027.

Sunny Optical is a major player in the global optical lens market, with a market share of over 20%.

The company has a strong track record of innovation, and it is constantly developing new products to meet the needs of its customers.

Sunny Optical has a strong financial position, with a healthy balance sheet and a low debt load.

However, there are some challenges that could impact Sunny Optical's prospects, such as:

The global smartphone market is expected to slow down in the coming years.

The company faces increasing competition from Chinese and Japanese lens manufacturers.

The company's supply chain could be disrupted by political or economic events.

Here are some of the factors that could drive Sunny Optical's future growth:

The growth of the smartphone market, particularly in emerging markets.

The increasing demand for high-quality optical lenses in the automotive and medical device industries.

The development of new technologies, such as augmented reality and virtual reality, which will require high-performance optical lenses.

Overall, Sunny Optical is a leading player in the global optical lens market with a bright future. The company is well-positioned to benefit from the growth of the market and the development of new technologies.

HSI Friday Top Risers and Fallers

[reportwire]

Asian shares follow Wall Street lower after stronger-than-expected data

BANGKOK (AP) — Shares fell Monday in Asia after Wall Street benchmarks closed out their worst week since early December. U.S. futures edged higher while oil prices fell. Reports on inflation, the jobs market and retail spending have come in hotter than expected, leading analysts to raise forecasts for how high the Federal Reserve will have to take interest rates to slow the U.S. economy and cool…

[fuzzytimes1]

Adani China returns from New Year, CSI 300, New Zealand trade

Adani Enterprises is ticking higher while the group’s subsidiaries continue to plummet shares of Adani company Soared 10% after posting sharp losses in previous sessions as its chief financial officer expressed confidence in its subsequent public offering, which is due to close on Jan. 31. The stock is still down more than 20% in the first month of the year. ‘It will probably take a decade’ for…

[entertainmentusanewstoday]

Hong Kong stocks rise 2% after report on easing mask rule; other Asia markets fall

Hong Kong stocks rise 2% after report on easing mask rule; other Asia markets fall

Fitch expects home prices in Australia and China to decline in 2023 Fitch Ratings expects home prices in Australia to see a significant drop of between 7% to 10% next year, it said in its latest outlook report. The agency also predicts that China’s home prices will fall by 1% to 3% next year. “We expect prices to decline further in 2023 before bottoming out but mortgage performance to only…

[notayesmanseconomics]

Financial markets in China are being affected by the ongoing property crisis

This morning the economic news and agenda is being set by events in China. We can start with this. Chinese stock collapse accelerating. SHENZHEN COMPONENT INDEX FELL MORE THAN 3% CHINEXT INDEX FELL 2.4% SHANGHAI COMPOSITE INDEX FELL 2.7% ( CN Wire) So a rough start to the week and it feels even worse in Hong Kong. Another day, another dip for the Hang Seng Index, down 2.3% today. It’s plunged…

[uniqueeval]

Asia markets: CPI, Inflation, Nvidia, FOMC

TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Asia-Pacific markets rose Thursday, tracking gains on Wall Street fueled by a tech rally. Japan’s Nikkei 225 jumped 3.41% to close at 36,833.27 and The Taiwan Weighted Index advanced 2.96% to finish at 21,653.25. During the trading session, chipmakers and related companies extended…

[petnews2day]

Opinion | Hong Kong’s stock market rebound: dead cat bounce or durable recovery?

New Post has been published on https://petn.ws/BhGfv

Opinion | Hong Kong’s stock market rebound: dead cat bounce or durable recovery?

Who would have thought as recently as a few months ago that the Hang Seng Index would be the world’s best performing major stock market in April? Last month, Hong Kong’s benchmark index rose 7.4 per cent, bringing its gains since January 22 to 18.7 per cent and putting it on the cusp of a […]

See full article at https://petn.ws/BhGfv #CatsNews #HangSengIndex, #InterestRates, #MSCIChinaIndex, #SP500Index, #StockConnectScheme, #Yen, #Yuan

[nicklloydnow]

“Is China about to have its ‘Lehman’ moment? After Chinese property developer Evergrande filed for bankruptcy protection in the U.S., that’s been the question some have whispered. The country’s debt crisis that’s rumbled on for two years is coming to a head, with China’s shadow bank sector now defaulting on payments.

(…)

Last week, Evergrande filed for protection in the U.S. under Chapter 15 of the bankruptcy code, which helps keep creditors at bay when a company is restructuring. Evergrande’s debt is held mainly by Western investors, hence filing in Manhattan.

It’s been at the center of the Chinese property sector’s debt crisis, which first unfolded in 2021 and has reared its head again this summer. Nearly two years ago, Evergrande defaulted on making interest payments on bonds, which sparked a set of failures across the Chinese property sector.

Companies accounting for roughly 40% of China’s home sales have now defaulted on debt since the crisis first unfolded. This has led to unfinished homes and ‘ghost cities’, supply chain disruptions and institutional investors out of pocket.

(…)

It’s not the only property developer struggling this week. China’s Country Garden Holdings is looking to restructure its bond repayments totaling $535 million over three years to stave off financial trouble.

(…)

Given real estate is estimated to make up 30% of China’s GDP, there are fears the contagion in China’s real estate market could spread and create a downward spiral of the property market depressing growth.

Last week, there were rare protests in Beijing after bank subsidiary Zhongrong defaulted on several investment products without immediate plans to repay its clients. Its parent company, Zhongzhi, manages $138 billion in assets, 10% of which are exposed to the real estate market.

Moody’s has previously stated that the increased amount of defaults from property developers has raised Chinese banks’ non-performing loan rate to 4.4% by the end of last year, up from 1.9% in 2020. China’s property sector is also considered the world's largest asset class, worth around $62 trillion, so any further signs of trouble could lead to the Chinese government intervening.

(…)

As for the Hang Seng Index in Hong Kong, it’s officially entered a bear market. Around half the stocks on the index are now oversold, and it’s lost 11% of its value in August so far, which sets the scene for the Hang Seng’s worst performance since October.

The fear has spread to the U.S. markets in August, with the S&P 500 suffering three straight weeks of decline. The Nasdaq lost 5.5% in value in the same period, while the Dow Jones has seen a 3.2% decline.

Several banks have also downgraded China’s GDP growth outlook, which was previously estimated at 5% for 2023. Nomura now predicts 4.8% growth, with the likes of Morgan Stanley, JPMorgan and Barclays all following suit.”

“Country Garden Holdings Co., the distressed Chinese developer that earlier this month missed interest payments on some dollar bonds, is leaving investors in the dark about the exact date the grace period ends.

That’s adding to signs of opaqueness in the nation’s offshore junk debt market, which has lost $87 billion in the past two years.

One of China’s biggest developers, Country Garden must repay a combined $22.5 million in two coupons within the grace period, otherwise creditors could call a default that would be the developer’s first on such debt. That would threaten even worse impact than defaulted peer China Evergrande Group given Country Garden has four times as many projects.

(…)

China’s worsening property debt crisis has prompted a slew of developers including Evergrande to use grace periods in recent years. In many cases, doing so has only bought time before they eventually went on to default, adding to record debt failures.

Growing concerns that the same fate could strike Country Garden, which had 1.4 trillion yuan ($192 billion) of total liabilities at the end of last year, have dragged Chinese junk dollar bonds deeper into distress under 65 cents. The market value of Bloomberg’s index for the securities, mostly issued by builders, has shrunk to only about $44.7 billion from some $131.8 billion two years ago.”

[inkovsky]

On the first "turbulent" trading day for the Hong Kong stock market, the Hang Seng Index opened 197 points lower at 19,626 points and once rose 35 points to 19,859 points. Afterwards, selling pressure reappeared and fell 430 points in the afternoon, reaching a low of 19,392 points. It closed down 387 points or 1.95% for the whole day to 19,435 points, falling for the fifth consecutive trading day and falling below the 50-DMA (19,805). The technology index fell 137 points or 3.08% to 4,318 points and fell 20 points from its October high. 20%, falling into a technical bear market. Main board transaction volume was HK$173.2 billion.

U.S. inflation data last month were generally in line with expectations. After the data was released, market expectations for an interest rate cut in December increased. In fact, the market is waiting to see whether Trump will stick to the many policies and actions proposed during the campaign after he takes office as President of the United States next year, and its impact on inflation and even the direction of interest rates. Although the U.S. dollar is weak in the medium and long term, it still has upward momentum in the short term, and non-U.S. currencies, including the RMB, are under depreciation pressure. Hong Kong stocks are not affected much by the external environment for the time being, but the economic stimulus measures announced by the Mainland last week disappointed the market, and investors are worried that Sino-US trade relations may become tense again. The Hang Seng Index may be further pressured in the short term, but I believe the 100-DMA (18,661) There is support.

European stock markets performed well, with British, French and German stocks rising 0.51%, 1.32% and 1.37% respectively.

The U.S. producer price index (PPI) accelerated to 2.4% year-on-year in October from 1.9% in September, exceeding expectations of a 2.3% rise. Federal Reserve Chairman Powell stated that he believed the authorities should not rush to raise interest rates. U.S. stocks rose first and then recovered on Thursday. After the Dow opened 74 points higher, the increase expanded to 122 points, reaching a high of 44,080 points, and then fell. It had fallen back more than 200 points before Powell's speech. After Powell's speech, the Dow's decline once expanded to 253 points. , hitting an intraday low of 43,704 points; the S&P 500 had fallen 0.72%, and the Nasdaq, which is dominated by technology stocks, fell at most 0.82%.

U.S. stocks closed at 43,750 points, down 207 points or 0.47%; the S&P 500 fell 36 points or 0.6% to 5,949 points; the Nasdaq fell 123 points or 0.64% to 19,107 points.

The U.S. exchange rate index once rose 0.55% to 107.064; the currency market is betting that the European Central Bank has a 25% chance of cutting interest rates by 0.5% next month. The Euro once fell to $1.05, a drop of 0.62% to as low as $1.0499; the yen also fell 0.6 %, to 156.42 per dollar.

Bitcoin continued to fluctuate sharply, reaching a record high of US$93,462 on Wednesday (13th), and then retreated below US$90,000. On Thursday, it rose another 3.44% to nearly US$91,700, and then fell by more than 1%, falling to below $88,000.

[digicloudm]

Tech Leads Slump in Chinese Stocks on Earnings, Trump Risks

(Bloomberg) — Chinese tech stocks listed in Hong Kong extended their slump from a high in October to about 20%, as investors reduced positions amid rising geopolitical risks and caution toward earnings. Most Read from Bloomberg The Hang Seng Tech Index dropped 3.2% on Thursday, with JD.com Inc and Xiaomi Corp among the top contributors to the gauge’s slide. The sector’s weakness weighed on a…

[starseedfxofficial]

APAC Stocks Quiet as Traders Brace for US CPI APAC Stocks Quiet as Traders Brace for US CPI—Sharp Bucks the Trend The Calm Before the US CPI Storm Markets in Asia-Pacific seemed to be on pause today, as traders braced themselves for the incoming US CPI data—a sort of financial version of that ominous drumroll before something epic happens. Picture this: the collective APAC market sitting like a poker player waiting for the flop, their chips stacked, eyes darting nervously. Why? Because those US inflation numbers can turn a slow market day into a profit rollercoaster. And if the yields are any indication, traders are strapped in for a bumpy ride. ASX 200: Mining Blues and a Flat Financial Sector Australia's ASX 200 didn't have much to cheer about today. The index sagged, primarily weighed down by its mining sector. Picture this—a mining truck getting bogged down in the mud, with financial stocks unsuccessfully trying to pull it free. That’s basically what happened today, especially after Commonwealth Bank of Australia (CBA) reported a flat year-over-year cash profit of AUD 2.5 billion for Q1. Not terrible, but let’s be honest, it didn’t exactly inspire anyone to shout "To the moon!" Nikkei 225 Takes a Hit: Blame It on the PPI The Nikkei 225 also had a bit of a rough day. Hotter-than-expected Producer Price Index (PPI) data meant that those inflation fears aren’t exactly just nightmares anymore—they're getting real, and traders reacted by retreating faster than a trader realizing they’ve accidentally put a zero too many on that lot size. But not all was doom and gloom: companies like Sharp and Tokyo Electron tried to brighten things up, with some strong post-earnings performances keeping the market from a total sell-off. Kind of like trying to make lemonade from lemons, only this time the lemons are stubbornly sour PPI data. Hang Seng and Shanghai Comp: A Mixed Bag Over in China, the Hang Seng and Shanghai Composite had a mixed day, like a buffet where some dishes hit the mark and others, well, not so much. Investors seem to be waiting for some tasty morsels of news—maybe some positive earnings results from the tech giants. And while there's usually an endless supply of US-China drama to spice things up, today’s edition included some eyebrow-raising picks for US administration roles. Think of it like a TV show where they cast both the "good cop" and the "bad cop" for a China-themed episode—Trump chose some vocal China hawks but also went for China-friendly Elon Musk to lead government efficiency. European Futures and US Equity Futures—Meh Vibes All Around And as if to put a neat bow on the global meh-ness, European equity futures were also lower following yesterday's weak performance, while US equity futures stayed lukewarm at best. Traders seemed to collectively decide that, yes, caution is indeed the name of today’s game. The Euro Stoxx 50 future, for example, was indicative of a lower cash open. Everyone’s waiting for the next plot twist in the form of CPI numbers, and who knows—maybe they'll be more thrilling than a cliffhanger in your favorite Netflix series. The Real Insight So, what's the hidden pattern here? Well, dear reader, the cautious mood across global markets highlights just how jittery investors are when inflation data is looming. Traders hate uncertainty, and today has it in spades—from CPI anxieties to a slew of earnings that ranged from "eh" to "interesting but not game-changing." Now, the real game for you, savvy trader, is to look where others are looking away. When markets turn dull and the herd retreats, it could be the perfect time to strategize for upcoming moves. Look for undervalued assets, take note of reaction zones (key support and resistance), and, most importantly, think ahead. Once that CPI data drops, opportunities can show up faster than the Nikkei retreating on inflation fears—be ready to grab them. Think Beyond the Headlines Remember, while the broader narrative might sound cautious, it’s the untold angles that could give you a leg up. When you think strategically, you turn news like this into opportunity. So stay sharp, keep an eye out for the hidden gems in earnings season, and as always—trade smart, not just hard. Read the full article

[leprivatebanker]

Chinese markets fall after Beijing’s stimulus package disappoints investors

Hong Kong’s Hang Seng index down 2.1% as analysts point to ‘constant delays and underwhelming’ plans to boost economy