Category: Hong Kong Hang Seng Index

China Dials Back Some COVID-19 Curbs, Global Stocks Jump

November 11, 2022
Business & MarketsChinaChina Business & Economycovid-19 in chinaeconomyHong Kong Hang Seng IndexMarketspandemic restrictionsstockszero-covid policy
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The Chinese regime has announced relaxing some of the harsh COVID-19 restrictions imposed in the country, with the decision positively affecting stocks worldwide. On Nov. 11, China’s National Health Commission (NHC) announced easing the pandemic rules a day after the Politburo Standing Committee met to approve the measures. The new rules cut down centralized quarantine…

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China, Hong Kong Stocks Rebound But Analyst Says Government Intervention Will Only Have Short-Term Effect

October 30, 2022
Asia & PacificChinaChina Business & Economychina property marketchina stock marketFinance & Business TiesHong Kong Hang Seng Indexsocial controlSpecial TopicsWorld
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China’s stock market rebounded on the afternoon of Oct. 25, with its A-share index continuing the upward trend on Oct. 26 after plunging on Oct. 24. However, a financial analyst believes that the stock market recovery is a result of government intervention to appease investors, which will only have a short-term effect. China’s A-share stock…

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HSI Index Falls 392 Points, Longfor Properties Down 16 Percent, Cathay Pacific Posts Interim Loss

August 10, 2022
ChinaCNOOCHK BusinessHong KongHong Kong Hang Seng IndexTencent
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Hong Kong Hang Seng Index fell 392 points on Aug. 10, Longfor July sales contracted 26 percent month-on-month, and the stock price collapsed by more than 16 percent. Cathay Pacific called for lifting entry quarantine restrictions as soon as possible. The Hang Seng Index opened 46 points lower on July 10, then the decline continued…

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