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2023/02/06 16:25
Recommend
40
Positive
83
Negative
30
Hong Kong equities closed down today (6th), weighed down by the escalating tensions between China and the U.S., after the U.S. military shot down a "high-altitude surveillance balloon" operated by China. The HSI closed at 21,222, down 438 pts or 2.02%, on a turnover of $136.02 billion. The HSCEI dropped 197 pts or 2.68...
2023/02/06 15:20
Recommend
34
Positive
59
Negative
24
With reinforced efforts in investigating commercial bribery cases, China's Central Commission for Discipline Inspection (CCDI) found that pharmaceutical companies disguised their bribery crimes by more secretive and complicated tricks. For example, such drug firms carried out illegal benefit transfers in the name of sponsori...
2023/02/06 14:24
Recommend
25
Positive
42
Negative
16
Biotech shares suffered a heavy sell-off today, broadly underperforming the market. EVEREST MED-B (01952.HK) dropped for the second consecutive day and slumped below its 20MA. The stock last printed $22, down almost 14%, on a volume of 6.74 million shares. HBM HOLDINGS-B (02142.HK) and AKESO-B (09926.HK) cratered over 7.4% and 7...
2023/01/30 16:28
Recommend
179
Positive
275
Negative
181
At close, the HSI cascaded 619 pts or 2.7% to 22,069; the HSCEI slipped 277 pts or 3.6% to 7,496; and the HSTECH dived 233 pts or 4.8% to 4,580. The full-day turnover aggregated $203.248 billion. Techs were broadly squeezed. Douyin has reportedly officially launched its Supermarket function, with which users can enjoy the servic...
2023/01/30 15:11
Recommend
101
Positive
164
Negative
127
Hong Kong equities suffered heavy sell-offs as tech names and post-pandemic recovery concept stocks broadly retreated. The HSI closed at 22,069, down 619 pts or 2.7%, on a turnover of $203.248 billion. The HSCEI dived 277 pts or 3.6%, to close at 7,496. The HSTECH cascaded 233 pts or 4.8%, to close at 4,580. Tech shares were bro...
2023/01/30 14:36
Recommend
96
Positive
157
Negative
82
Despite the robust rebound in China's equity market since October 2022, CLSA contended that the MSCI China index is exposed to a higher risk of correction from the perspective of Market Breadth. The broker listed its stock recommendations for the Chinese offshore market chosen with a tactical methodology, which include CHIN...
2023/01/30 14:23
Recommend
141
Positive
222
Negative
160
After midday, HSTECH deepened the downtrend to bottom at 4,605. It last printed at 4,614, down 4.1%. 6 out of 30 HSTECH constituents sank. BABA-SW (09988.HK) slipped 7.1% to $109. Heavyweight TENCENT (00700.HK), snapping six-day rise, plummeted 6.2% to $389.2. However, SENSETIME-W (00020.HK) posted four-day rise to peak at $2.85...
 
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