China Finance Ministry Calls Press Briefing, Firing Up Stimulus Hopes
Hong Kong stocks experienced a significant pullback, with the Hang Seng Index falling by 12.82%. Industry insiders interpret it this way.
On October 8, the Hang Seng Index fell by 9.41%, and the Hang Seng Tech Index plummeted by 12.82% in a single day. Brokerage analysts stated that the main reason for the decline was the resumption of work in the A-share market, the primary battleground recovery, combined with relatively empty content from the National Development and Reform Commission meeting, which fell below the market's expectations of continued bullish signals being released, leading to foreign capital not seeing clear signs of fiscal stimuli.
Express News | HK's Hang Seng Index Rises 0.35% as of 0222 Gmt
Express News | Corrected-HK’s Hang Seng Index Down 0.46% (Not up or Down Over 2%)
Hang Seng Index Gives Up Gains; Last 0.4% Down at 20842.61
Express News | HK’s Hang Seng Index to Open up 1.7% at 21,290.04 Points
Announcement Highlights | new china life insurance: The net profit attributable to the mother is expected to increase by 95%-115% in the first three quarters; sunac: Sales in the first 9 months decreased by 48.68% year-on-year.
Wuxi Apptec: No decision has been made regarding the sale of its WuXi ATU business; Tencent: Spent 0.703 billion Hong Kong dollars to repurchase 1.56 million shares, repurchase price range is 438.6-474.8 Hong Kong dollars.
Hang Seng Index futures closed at 10.9, with the Hang Seng Index futures (October) closing at 20,964 points, up 37 points.
As of October 9th, the Hang Seng Index futures (October) closed at 20,964 points, up 182 points or 0.876%, reaching a high of 37 points.
"Emerging Markets Godfather": China's stock market rally will continue, but there is no rush to increase positions after the National Day holiday.
Legendary American investor Mark Mobius, also known as the 'godfather of emerging markets,' stated on Monday that if China continues to introduce measures to support the market, the bullish trend in the Chinese stock market may continue.
Hong Kong's Hang Seng Index Plunges 9.5% as Investors Dump Shares After Recent Sharp Gains
National Development and Reform Commission: Will vigorously implement the employment priority global strategy from four aspects.
①The vigorous development of low-altitude economy has created a new position for drone operators, with a talent gap of up to 1 million people in our country; ②By 2025, the professional talent gap in new energy autos maintenance and research and development will reach 1.03 million people; ③There is a demand gap of 20 million in the domestic service industry, especially in high-end demand; ④Coordinate multiple channels to increase investment in skills training and infrastructure construction.
What's happening with Hong Kong stocks? Hang Seng Index plunges nearly 10% at one point. Industry experts provide immediate analysis.
① How is the performance of Hong Kong stocks today? ② Why has the market changed so drastically? ③ Where are the investment opportunities and risks in the later period?
Express News | HK’s Hang Seng Index Down Over 6 %
Express News | HK’s Hang Seng Index to Open Down 1.1% at 22,849.23 Points
HSIF Surges Past 23,000 Mark, Bulls Eye 24,500 Level Amid Strong Momentum
Goldman Sachs released three heavyweight research reports over the weekend: downgrading the forecast for US recession, expecting the Chinese stock market to rise by another 15% to 20%.
Goldman Sachs' stock strategy team believes that the US large cap stocks can rise by another 4.3% to 6000 points by the end of the year, as the possibility of a US recession has decreased, allowing the Federal Reserve to only reduce interest rates by 25 basis points each time. Their AP strategic team has upgraded the rating of Chinese stocks to "shareholding" and is bullish on the potential boost to valuation from large-scale stimulus measures.
HKEX: The average daily turnover of Hong Kong stocks in September was 169.2 billion Hong Kong dollars, a year-on-year increase of 87%.
On October 7, hkex announced that the average daily turnover of Hong Kong stocks in September was 169.2 billion Hong Kong dollars, up 77% from the previous month's 95.5 billion Hong Kong dollars, and up 87% from the same period last year's 90.3 billion Hong Kong dollars.
Hang Seng Index night session closing (10.8)︱Hang Seng Index night session (October) closed at 23,169 points, up 69 points.
As of October 8th, the Hang Seng Index night session (October) closed at 23,169 points, down 25 points or 0.108%, with the high at 69 points.
Express News | HK’s Hang Seng Index Closes up 1.6% at 23,099.78 Points
What happened during the National Day holiday at home and abroad? Here is a summary of important financial news.
①Shanghai Stock Exchange: From October 8th, the acceptance time for designated trading order instructions will be extended; Goldman Sachs has raised the Chinese stock market to "overweight", expecting a further increase of 15-20%; ②Hong Kong stocks are booming with a high increase in the number of new brokerage accounts and margin trading data within the past week; Many places have introduced optimized policies for real estate, and the market has responded positively.