Tag: Hang Seng Index (Hong Kong)

Hong Kong Stocks Plunge to Losses for 4th Straight Year

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This summer, when Hong Kong’s stock market rout seemed to have no end in sight, the city’s financial chief, Paul Chan, jumped into action, creating a task force to inject confidence into a market that was being pummeled by global investors wary of China. Hong Kong cut taxes on trading and Mr. Chan went on a roadshow to Europe and the United States, promising measures to “let investors feel optimistic about the outlook.” Investors were anything but sanguine, however, and the city’s Hang Seng Exchange is among the world’s worst-performing…

Trouble in China Pushes Hong Kong’s Hang Seng Into Bear Market

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Stocks in Hong Kong entered a bear market on Friday, down 21 percent from their high near the start of the year, as investors grew increasingly worried that the deteriorating condition of China’s real estate sector could spill over into the broader economy. The slump in the Hang Seng Index, which is made up mostly of companies from the mainland, comes as China’s economy confronts weakening growth. After three years of harsh Covid restrictions, foreign investment is down, consumers are spending less and the housing market is in turmoil. The…

Chinese Stocks Fluctuate After a Bruising Week

Chin@Strategy

Chinese stocks whipsawed on Monday, in an apparent sign of investors’ unease over Xi Jinping’s tighter grip on the nation. The CSI 300 Index of large Chinese companies’ share prices fell about 1.3 percent, then erased the losses before declining more than 1 percent by midafternoon. In Hong Kong, two indexes — the benchmark Hang Seng Index and one that tracks Chinese stocks traded in the city — had even wilder swings. The volatility extended the recent turbulence for Chinese stocks, which were battered last week after Mr. Xi was…