Latest news with #HSCEI
Bloomberg
3 days ago
- Business
- Bloomberg
Chinese Stocks Score Over Indian Peers on Tally of Analyst Bets
Investors have more to gain from buying Chinese shares than those in India, according to a tally of analysts' estimates. The average estimate is for the Hang Seng China Enterprises Index to return over 25% in the next 12 months, more than double what analysts expect for India's NSE Nifty 50 Index, according to data compiled by Bloomberg. A major driver is a difference in earnings performance: The 12-month forward consensus earnings estimate for the HSCEI has risen 4.4% this year. A similar estimate for the Nifty 50 has declined.
Bloomberg
19-03-2025
- Business
- Bloomberg
BofA Warns of Chinese Stock Correction ‘Soon' in 2015 Repeat
China's stock rally may face a 'meaningful correction soon' given its similarities with the 2015 boom and bust cycle, according to strategists at BofA securities. The Hang Seng China Enterprises Index and the MSCI China Index have both surged at least 30% from mid-January lows, akin to the pace of gains seen in 2015 before the market plummeted, strategists led by Winnie Wu wrote in a Monday note. Having peaked in May 2015, the HSCEI gauge tumbled nearly 50% through February next year and is yet to scale that high.
Yahoo
10-03-2025
- Business
- Yahoo
Mainland Chinese Investors Buy Record Amount of Hong Kong Stocks
(Bloomberg) -- Mainland Chinese investors bought an unprecedented amount of Hong Kong stocks on Monday, continuing to boost their holdings amid a tech-driven rally this year. NJ College to Merge With State School After Financial Stress Trump Administration Plans to Eliminate Dozens of Housing Offices Where New York City's Zoning Reform Will Add Housing Buffalo's Billion-Dollar Freeway Fix Is on Ice, But Not Because of Trump Inside the 'Not Architecture' of High Line Designers Diller Scofidio + Renfro They snapped up shares worth HK$29.6 billion ($3.8 billion) on a net basis, surpassing the previous record seen in early 2021, according to Bloomberg-compiled data going back to late 2016 — when trading links with the financial hub began. Chinese stocks listed in Hong Kong have been on a tear this year, thanks to the emergence of an artificial-intelligence model from startup DeepSeek that was considered a game-changer in the industry. A gauge of Chinese equities in Hong Kong has outperformed the onshore benchmark as the former houses some of the nation's biggest tech firms like Alibaba Group Holding Ltd. and Inc. Monday's inflows from Chinese buyers came as the Hang Seng China Enterprises Index slid 2.1% following a 5.9% rally last week. 'Mainland funds are keen on buying at the dips, as they still believe most of the Hong Kong tech stocks are still undervalued,' said Jason Chan, a senior investment strategist at Bank of East Asia. 'The major difference of views between foreign investors and Chinese mainland investors is that global investors are more concerned over the geopolitical risks and mainland investors are speculating more on favorable policy toward the AI industry.' The HSCEI gauge is up nearly 20% this year while the onshore benchmark CSI 300 Index has shed 0.2%. The rally in Hong Kong has come even as tariffs-induced trade tensions with the US have intensified. By setting an ambitious economic growth target of around 5% this year, China's ongoing annual legislative session that started last week also has fueled investors' hopes for stronger stimulus measures. Mainland investors have become more influential in the Asian financial hub. In February, they bought HK$153 billion of Hong Kong shares on a net basis, the second-largest monthly purchase on record. Southbound trading accounted for about 24% of the average daily turnover last month, versus 16% a year ago, according to Hong Kong Exchanges & Clearing Ltd. data. (Updates with details on market performance) How Natural Gas Became America's Most Important Export The Mysterious Billionaire Behind the World's Most Popular Vapes An All-American Finance Empire Drew Billions—and a Regulator's Attention Greenland Voters Weigh Their Election's Most Important Issue: Trump Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? ©2025 Bloomberg L.P.
Yahoo
21-02-2025
- Business
- Yahoo
Chinese Tech Stocks Rally as Upbeat Earnings Lift Sentiment
(Bloomberg) -- A gauge of Chinese technology shares traded in Hong Kong jumped more than 5% on Friday, as a slew of upbeat earnings boosted optimism toward the sector. Trump to Halt NY Congestion Pricing by Terminating Approval Airbnb Billionaire Offers Pre-Fab Homes for LA Fire Victims Sorry, Kids: Disney's New York Headquarters Is for Grown-Ups Trump Targets $128 Billion California High-Speed Rail Project Child Migrant Watchdog Gutted in DOGE Cuts The Hang Seng Tech Index soared as much as 5.3% to the highest since early 2022. Shares of Alibaba Group Holding Ltd. surged almost 14% after the Chinese e-commerce giant reported sales that beat estimates. Bilibili Inc. shares also climbed on better-than-expected results, while Lenovo Group Ltd. rose after reporting revenue growth that exceeded estimates due to demand for AI computing infrastructure. Chinese technology shares have been on a tear in recent weeks as local AI startup DeepSeek's breakthrough prompted investors to re-evaluate the nation's leading internet companies. The Hang Seng Tech Index entered a bull market earlier this month on enthusiasm over DeepSeek's AI model. More recently, President Xi Jinping's recent meeting with Alibaba founder Jack Ma and other tech executives also spurred optimism that Beijing is taking a more conciliatory tone in fostering the sector's development. The broader Hang Seng China Enterprises Index was up more than 3%. Alibaba's results are partly fueling the market's Friday rally, said Bo Pei, an equity research analyst at US Tiger Securities. Xi's meeting with Ma is an 'indicator of the government's evolving stance toward private enterprises and capital markets. It also has implications for whether foreign long-only funds will regain confidence in Chinese equities.' Alibaba's shares are up 66% in Hong Kong this year. Its ADRs jumped 8.1% on Thursday after it reported sales that beat estimates, driven by the core Taobao and Tmall business as well as the closely watched cloud unit. (An earlier version was corrected to fix the spelling of the HSCEI index.) Japan Perfected 7-Eleven. Why Can't the US Get It Right? How Med Spas Conquered America The Undocumented Workers Who Helped Build Elon Musk's Texas Gigafactory Before DeepSeek Blew Up, Chatbot Arena Announced Its Arrival Elon Musk's DOGE Is a Force Americans Can't Afford to Ignore ©2025 Bloomberg L.P. Sign in to access your portfolio
