The Hong Kong stock market extended its downward trend today, with all three major indices closing lower in a broad-based decline. Market sentiment remained weak amid widespread selling pressure. By the close of trading: The Hang Seng Index fell 0.88% to 19,795.49 points; The Hang Seng Tech Index dropped 1.45% to 4,414.70 points; The China Enterprises Index declined 0.75% to 7,132.69 points. Investor confi...
PPI y/y and m/m declined further. PPI -0.7% m/m, with a -0.6% input prices and producer prices for consumption goods remained at 0%. The weaker PPI numbers are influenced by insufficient market demand and falling prices for certain international commodities, NBS said. Month-on-Month Analysis: PPI dropped by 0.7%, widening the decline by 0.5 percentage points compared to the previous month. The prices of producer goods fell by 1.0%, with a 0.7 percentage point increase i...
RMB has been demonstrating a robust momentum over the past two months, and has successfully recovered the 6.9 mark against US Dollar at the beginning of 2023, reported China Securities Journal. Participants of the financial sector anticipated that the reasonable recovery of RMB will likely be followed by a period of bi-directional volatility, as the Chinese currency gradually edges towards a reasonable long-term range, the repor...
The Hang Seng Index fell 0.88% to 19,795.49 points;
The Hang Seng Tech Index dropped 1.45% to 4,414.70 points;
The China Enterprises Index declined 0.75% to 7,132.69 points.
Investor confi...
Month-on-Month Analysis:
PPI dropped by 0.7%, widening the decline by 0.5 percentage points compared to the previous month.
The prices of producer goods fell by 1.0%, with a 0.7 percentage point increase i...
$TENCENT (00700.HK)$ incremented 0.3% to $359.2 after China approved 75 imported online games, including Rainbow Six Siege agented by TENCENT.
As for other tech stocks, $BABA-W (09988.HK)$ closed the half-day flat ...
Yuan-share rose to a record high of 48%, UP from nearly zero in 2010.
U.S-share declined to 47%, DOWN from 83% over the same period.
Wow.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $USD (USDindex.FX)$ $Rmb Appreciation Related (LIST1187.HK)$ $CNY/USD (CNYUSD.FX)$
Meanwhile, Euro usage is up slightly from 19% to 21%.
The most important part?
“Other” currencies, including the Chinese Yuan, soared from 4% to 10%.
$USD (USDindex.FX)$ $Euro (EURindex.FX)$ $Rmb Appreciation Related (LIST1187.HK)$ $GBP/USD (GBPUSD.FX)$ $CNY/USD (CNYUSD.FX)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Participants of the financial sector anticipated that the reasonable recovery of RMB will likely be followed by a period of bi-directional volatility, as the Chinese currency gradually edges towards a reasonable long-term range, the repor...
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