I) The sales revenue arising from each business area of a company is the primary parameter of stock classification. Profit or assets will also be taken into consideration where these better reflects the company’s business. Birkenstock’s recent initial public offering (IPO) is expected to help boost shares of a British footwear brand, according to Investec analysts. Stronger economic growth, accelerating government spending and a bottoming out of inflation are just some reasons why many analysts are bullish on India — and asset management firm AllianceBernstein is no exception.
Hang Seng in turn, despite being a public company, is controlled by another listed international financial institution HSBC Holdings plc. A slowdown in China’s economy has rattled global markets in recent months. The latest spate of data shows that the country still faces headwinds, and though there are signs that troubles may be moderating, the stock market doesn’t seem to think it’s happening fast enough in response to stimulus. The HSI is a free-float-adjusted market capitalization-weighted index that is calculated and disseminated in real-time at two-second intervals during the trading hours of the Hong Kong stock exchange (HKEx). The HSI is classified as a price index without adjustments made for cash dividends or warrant bonuses.
China’s producer price index fell 2.5% from a year earlier, weaker than economists’ expectations for a 2.4% decline. The latest data shows the biggest drop in exports since August 2020, according to FactSet. South Korea’s trade deficit widened to $6.7 billion for the month of October from a revised figure of $3.78 billion in September, data from the customs agency showed. It expects shares in the automaker to rise by more than 260% over the next 12 months as EV sales soar. Fixed capital formation, or investment, decreased by 14.3%, while exports and imports also fell. Analysts polled by Reuters expected 0.7% growth, while GDP decreased 1.3% in the second quarter.
- It is widely considered the benchmark equity market index for Hong Kong, and often a barometer of Asian markets more generally.
- The Hang Seng Index, often referred to as the HSI, is a widely followed stock market index that represents the performance of major companies listed on the Hong Kong Stock Exchange.
- Imports rose 9.9% to $59.18 billion from the same period a year ago, while exports dropped 5.7% to $52.48 billion.
Oil, U.S. Treasuries and gold prices rose on Friday, with crude soaring nearly 6%, on safe-haven buying driven by the escalating Middle East conflict as Israel urged civilians to leave the northern Gaza Strip. The index aims to capture the leadership review building winning algorithmic trading systems of the Hong Kong exchange and covers approximately 65% of its total market capitalization. Investing in individual companies isn’t right for everyone – it’s higher risk as your investment is dependent on the fate of that company.
Major Stock Indexes
After October’s stock market rally, investors are debating whether stocks have hit the bottom or if it’s another short-lived bounce. Japan-listed shares of Toyota fell sharply after it reported a 25% drop in its second-quarter operating profit. The list of symbols included on the page is updated every 10 minutes throughout the trading day. However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update. India’s inflation data rose 5.02% year-on-year for September, easing to a three-month low on the back of lower vegetable prices. Exports fell by 6.2% last month from a year ago, less than Reuters’ forecast of a 7.6% drop.
- An 8% capping is applied to avoid any single stock domination of the index.
- Because of Hong Kong’s status as a special administrative region of China, there are close ties between the two economies.
- Investing in individual companies isn’t right for everyone – it’s higher risk as your investment is dependent on the fate of that company.
- For dynamically-generated tables (such as a Stock or ETF Screener) where you see more than 1000 rows of data, the download will be limited to only the first 1000 records on the table.
- German shoe brand Birkenstock’s debut on the New York Stock Exchange earlier this week has given investors and analysts insight into the financials and metrics of a sizeable single-brand footwear company for the first time.
You should make sure you understand the companies you’re investing in, their specific risks, and make sure any shares you own are held as part of a diversified portfolio. Common ways to track performance include investing in index tracker funds or Exchange Traded Funds (ETFs). This method of investing provides more diversification than choosing individual shares but you should remember that all investments go down as well as up, so you could get back less than you invest.
Chinese exports, which can signal global demand for Chinese goods, also fell 6.2%, not as bad as the 8.3% decrease expected and a stark improvement from the 8.8% drop in August. “In Asia, we’ve seen that broadly positive performance continue in markets, with gains for all the major equity indices. The Hang Seng is leading the way, and was supported by the news that China’s sovereign wealth fund had bought shares in some of the nation’s biggest banks,” said Jim Reid, a strategist at Deutsche Bank. The Hang Seng Index (HSI) is composed of the 60 largest stocks traded on the Hong Kong Stock Exchange, although at any given time, there may be slightly more or less than 60. The Hong Kong Exchange, for reference, has the stocks of around 2,500 companies listed. The Hang Seng Index or HSI is a free-float market capitalization-weighted index of the sixty largest companies that trade on the Hong Kong Exchange (HKEx).
Dollar slips, stocks gain amid still tight U.S. labor market
The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average forecast by analysts in a Reuters poll. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Barchart Plus Members have 10 downloads per day, while Barchart Premier Members may download up to 250 .csv files per day. For dynamically-generated tables (such as a Stock or ETF Screener) where you see more than 1000 rows of data, the download will be limited to only the first 1000 records on the table. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded. Also unique to Barchart, Flipcharts allow you to scroll through all the symbols on the table in a chart view.
The Hang Seng Index, often referred to as the HSI, is a widely followed stock market index that represents the performance of major companies listed on the Hong Kong Stock Exchange. The Hang Seng Index chart displays the historical price movements of the index over time. Traders and investors utilize the Hang Seng chart to analyze patterns, trends, and key support and resistance levels. This chart provides valuable insights into market sentiment, volatility, and potential trading opportunities in Hong Kong’s stock market. By studying the Hang Seng chart, market participants can make more informed decisions based on the index’s historical performance.
South Korea’s trade deficit widens for the month of October
The reading came in below expectations of a 5.5% increase by economists polled by Reuters, and still remains above central bank’s target of 4%. China’s exports have fallen on a year-on-year basis every month this year starting in May. The last positive print for imports on a year-on-year basis was in September last year.
JD.com shares tumbled to its lowest in a year, hit by a series of broker downgrades and target price revisions on the prospect of weaker retail growth for the Chinese e-commerce giant. Japanese officials spent 6.35 trillion yen ($42.7 billion) between Sept. 29 and Oct. 27 to defend its weakening currency that reached the weakest levels in 32 Kraken Review years last month. Citi has picked a large electric car maker as one of its “top” buy ideas among Chinese stocks. The Hang Seng index wallowed at its lowest levels since April 2009 after losing 14.55% as of Monday’s close. Brent crude futures were 1.23% higher at $93.95 per barrel, while U.S. crude futures gained 1.12% to $87.50 per barrel.
Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. Each contract has links to its Quote Overview, Chart, Opinions, and Technical Analysis pages. You can choose to buy the shares of individual companies listed on the Hang Seng, or track the performance of the index as a whole. Iii) Re-classification of a stock’s Industry Sector will occur once the company’s business has undergone a major change, such as, substantial merger or acquisition. China reported a smaller-than-expected decline in exports in September compared to a year ago, while imports missed, according to customs data released Friday. JD.com shares sank 12.1% to HK$27.83 in early Friday trade in Hong Kong, underperforming the 2.1% loss on the benchmark Hang Seng Index.
CNBC Pro: What investors should buy in this ‘short lived’ rally, according to one analyst
Official data from the National Bureau of Statistics came in at 49.2 on Monday, missing expectations for a print of 50. The reading came in at 49.2, compared with expectations for a print of 49. In September, the manufacturing PMI was at 48.1, below the 50-point mark that separates growth from contraction.
Meanwhile, stocks in Australia, Japan and South Korea posted single-digit gains to close the first month of the year’s final quarter, while the Shanghai Composite slipped 4.33%. At the previous meeting in October, the central bank raised rates by 25 basis points, fewer than the expected half-point hike. Overnight in the U.S., stocks dipped, but the Dow posted its best month since 1976 and all the major averages ended the month in positive territory after two months of losses. The Reserve Bank of Australia raised interest rates by 25 basis points for the second consecutive time, in line with expectations.
While viewing Flipcharts, you can apply a custom chart template, further customizing the way you can analyze the symbols. For reference, we include the date and timestamp of when the list was last updated at the top right of the page. Hong Kong’s Hang Seng Index advanced 1.9%, notching its sixth straight day of gains—the benchmark’s longest winning streak since November 2021—as the Shanghai Composite rose 0.9%. If you don’t live in Hong Kong, you can still invest in the HSI via Hong Kong ETFs such as the iShares MSCI Hong Kong ETF (EWH) and the Franklin FTSE Hong Kong ETF (FLHK). The KraneShares Hong Kong Tech ETF (KTEC) tracks 30 high-tech stocks in the Hang Seng Composite. The largest constituents of the Hang Seng Index include Tencent, Alibaba, Industrial and Commercial Bank of China, Meituan, and the China Construction Bank.
Oil prices bounced back on Thursday, with futures for U.S. benchmark West Texas Intermediate crude rising 1.6% to trade just below the $85 per barrel mark. The move erased some of Wednesday’s declines, the price of oil still remains below Monday’s high and levels from late September, ironfx forex broker review when WTI traded above $90 per barrel. Imports rose 9.9% to $59.18 billion from the same period a year ago, while exports dropped 5.7% to $52.48 billion. Japan stocks closed at their highest since Sept. 20, but major APAC indexes were all still underwater from the start of the year.
