Concerns about a regulatory clean-up of junk stocks and doubts over whether the economy has bottomed out may continue to dog trading in China on Tuesday.
A 30-year-old trader at a Hong Kong-based hedge fund has slashed his holdings in equities from 25 percent of personal savings to near zero over the past one year, making him one of many individual investors in Asia who have been pushed to the sidelines owing to extreme market volatility.
Hong Kong’s residential property market, which has seen dramatic price gains over the past decade because supply has not kept up with demand, is set for a slowdown as the new administration comes good on its pledge to increase land supply for housing, says an industry expert.
Tuesday's trading in the Chinese market may be affected by the July HSBC flash PMI data, the earliest monthly indicator of China's industrial activity, due out at 10:30 Beijing time, and growing worries about the euro zone.
Market sentiment has reached what's described in Chinese media as "freezing point" on a combination of concerns about neverending initial public offerings, an upcoming over-the-counter market, and disappointing corporate scorecards.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
Edmond Chan, Partner, PwC says it is difficult for large companies to list in Hong Kong right now given the market volatility, but he explains why there is still room for the IPO market to grow.
A survey by Nielsen shows Asian consumers are more likely to stay invested during this period of volatile markets. What’s more — they are also more likely to put their cash in high-risk assets than their peers in Europe and the U.S.
Daniel So, Securities Strategist at Sun Hung Kai Financial says the Hang Seng Index may be pushed higher on the back of potential easing by central banks worldwide. He shares his top stock picks in Hong Kong.
Coal prices in China have fallen almost 20 percent since the beginning of the year, with analysts expecting further declines as inventories remain high and coal mines in China continue to ramp up production.
J. West Riggs, Managing Director & Head of Asia Equity Capital Markets, Piper Jaffray says while there is a robust pipeline of companies looking to go public, retail demand for IPOs in Hong Kong is extremely low at the moment.