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AIA, China Life propel Hang Seng Index to its best weekly finish in over two months

Hong Kong and China stocks rose on Friday to finish their best week in over two months, as investors were encouraged by a mix of positive factors including China’s monetary easing and upbeat earnings from insurers.The Hang Seng Index rose 0.5 per cent to close at 26,179.33. The benchmark gained 1.7 per cent this week, recording its best weekly performance in nine weeks.The Shanghai Composite added 0.5 per cent to 2,897.42, bringing its gains this week to 2.6 per cent, which is also its largest… Source link

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Stocks on the Hang Seng Index face their worst slumps in operating income since the 2008 Global Financial Crisis

Hong Kong stocks are poised for their worst quarter since 2015 and corporate earnings are unlikely to save them.After a sell-off erased more than US$600 billion from the city’s equities, attractive valuations stood as a potential bright spot. But those multiples don’t look so good when analysts keep slashing their profit forecasts for 2019. Their call for an average 19 per cent slump in operating income would be the biggest contraction for Hang Seng Index companies since the global financial… Source link

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Hang Seng adds Sunac, Geely, Want Want, Taiping Insurance and Fosun to its H-share index during quarterly rebalancing

The Hang Seng China Enterprises Index (HSCEI), which tracks the performance of Chinese companies listed in Hong Kong, has added a developer, a carmaker and one of the country’s largest conglomerates to its constituents in its latest quarterly rebalancing.Sunac China Holdings, the country’s fourth-largest developer, has been added to the 50-member benchmark with a 1.54 per cent weighting, according to an announcement by the compiler of the gauge Hang Seng Indexes after market hours. That would… Source link

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Hang Seng Index drops to lowest level since January as a second day of disruptions at Hong Kong’s airport roil sentiments

Hong Kong’s benchmark stock index plunged to its lowest level since January, as weak corporate earnings resulting from the year-long US-China trade war took their toll, while a second day of disruptions at the city’s airport weighed on sentiments.The Hang Seng Index closed 2.1 per cent down at 25,291.28, hitting its lowest level since January 3. Smartphone parts maker Sunny Optical Technology was the sole gainer out of the 50 component stocks on the index, closing 0.5 per cent higher at HK$86… Source link

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Vietnam 

Việt Nam jumps 50 places on global cybersecurity index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam ranked 11th in the Asia-Pacific region, which was topped by Singapore, Malaysia, Thailand and Indonesia on the Global Cybersecurity Index. — Photo vneconomy.vn HÀ NỘI — Việt Nam ranked 50th out of 175 countries on the Global Cybersecurity Index (CGI) in 2018, up 50 places from the previous year, according to a report by the International Telecommunications Union (ITU). With a score of 0.693, Việt Nam ranked 11th in the Asia-Pacific region, which was topped by Singapore, Malaysia, Thailand and Indonesia. Việt Nam’s outstanding performance has exceeded…

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Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stifle property market bull run

The prices of Hong Kong’s lived-in homes dropped by 0.8 per cent in June, as the year-long US-China trade war and unprecedented levels of public unrest combined to send property buyers to the sidelines, ending a five-month bull run in the city’s real estate market.The price index of used homes fell to 393.7, according to the Rating and Valuation Department’s data. Property analysts said the decline will accelerate in the coming months.“The index will still adjust downwards in the next one to… Source link

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Vietnam 

VN jumps three places in global innovation index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Minister of Science and Technology Phạm Công Tạc speaks at the ceremony. — VNA/VNS Photo Huy Lê HÀ NỘI — Việt Nam has jumped three ranks on the 2019 Global Innovation Index (GII) to place 42nd out of 129 economies around the world. The latest ranking was announced by the World Intellectual Property Organisation (WIPO) in New Delhi, India on Wednesday.  With this jump, Việt Nam has leapt 17 spots since 2016. This year’s result is also the highest ranking Việt Nam has ever achieved. Switzerland, Sweden, the US, the Netherlands and the UK…

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Hong Kong’s property market takes its cue from the Hang Seng Index, not protesters

Hong Kong may be suffering its worst political crisis since the territory reverted to Chinese sovereignty 22 years ago, but the city’s house prices are hovering near their all-time high.While the Centa-City Leading Index, a gauge of secondary home values compiled by Hong Kong-based Centaline Property Agency, fell 0.3 per cent in the week ending July 7, it has risen a further 1.8 per cent since the anti-extradition bill protests erupted a month ago, taking the index’s gains since the beginning… Source link

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Vietnam 

Việt Nam consumer confidence index rises to record high – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Consumer confidence index in the Asia Pacific in the first quarter of this year. — Photo Nielsen Vietnam HCM CITY — Việt Nam surpassed Indonesia to rank third in consumer confidence in the first quarter behind only the Philippines and India, according to the latest Conference Board Global Consumer Confidence Survey conducted in collaboration with global measurement company Nielsen. With a seven point increase from the fourth quarter last year, Việt Nam hit a record 129 points in the Consumer Confidence Index (CCI). Việt Nam’s was the biggest gain in…

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Hang Seng Index drops by the most in five weeks as Hong Kong’s biggest protest rally in decades finds city on edge

Hong Kong stocks fell by the most in five weeks, as traders pocketed their profits from a recent run-up in prices after the city’s police fired tear gas on demonstrators protesting a controversial extradition proposal.The Hang Seng Index fell 1.7 per cent to 27,308.46, its biggest daily decline since a 2.4 per cent plunge on May 9 amid escalating tensions between the United States and China over trade.“The main issue the market is facing is still the Sino-US trade tussle. We have not seen the… Source link

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