Hong Kong’s Stock Market Is on a Wild Ride

  • 📰 WSJ
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Is Hong Kong in a bear market or a bull market? RebeccaYFeng explains why people can’t agree, and what’s sending the city’s benchmark index on a wild ride WSJWhatsNow

Hong Kong entered a bull market earlier this month—at least according to one common definition.

The city’s benchmark Hang Seng Index surged 25% in the first half of November, clearing the 20% hurdle that is traditionally used to define a bull market. The sharp run-up from its trough on Oct. 31—when the index touched its lowest level since April 2009—was fueled by signs that China is starting to shift away from its strict zero-Covid policy that has hamstrung the world’s second-largest economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

RebeccaYFeng Hang Seng Index's components include majority of China-based entities; and daily stock trading is also restricted to limited such China-based entities. The index is heavily influenced by China.

RebeccaYFeng Hong Kong is a dead market

RebeccaYFeng Giga Shanghai is ok? elonmusk, maybe it is worth overestimating the risks of locating production in autocracies?

RebeccaYFeng the whales are rigging the market, buying, pumping and dumping rinse repeat

markets RebeccaYFeng Per WarrenBuffett INTRINSIC VALUE formula, based on 2021-22 annual reports, China's tech giant Alibaba/$BABA is overvalued by 33% compare to IntrinsicValue of $52 And $BIDU is undervalued by 29% compare to IntrinsicValue of $110, but still above margin of safety price of $82

RebeccaYFeng After your puff piece on FTX, I will exercise my right to unfollow the WSJ. You’ve shown your stripes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

STOCK MARKET NEWS: Market holiday, gas declines, FTX falloutFederal Reserve pushes for reducing rate hike “soon.” FTX bankruptcy prompts crypto recovery. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. What do you think about SBF_FTX speaking at dealbook? People are furious! Gas prices drop after mid terms, hmm?
Source: FoxBusiness - 🏆 458. / 53 Read more »

STOCK MARKET NEWS: Fed minutes juice stocks, FTX fallout ongoing, Walmart CEO responds to shootingStock investors wrap a short Thanksgiving trading week, FTX fallout widens, HP joins tech giants cutting jobs and Federal Reserve minutes on the docket as retail sales roll in ahead of Black Friday. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Asian Stock Market: Bulls cheer hopes of China stimulus, easy Fed rate hikes amid sluggish sessionAsian Stock Market: Bulls cheer hopes of China stimulus, easy Fed rate hikes amid sluggish session – by anilpanchal7 Asia China Fed Coronavirus Macroeconomics
Source: FXStreetNews - 🏆 14. / 72 Read more »

STOCK MARKET NEWS: Futures rise, Black Friday shopping, Ford recallWalmart shooting prompts workplace violence prevention talks. Musk mulls action on suspended Twitter accounts. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »