Latest news with #HaoHong
Bloomberg
5 hours ago
- Business
- Bloomberg
Chinese Equities Rally Has Legs: Hao Hong
The China Show A recent rally in Chinese stocks is more sustainable than a previous bull run a decade ago, according to Hao Hong from Lotus Asset Management. Hong speaks as Chinese stocks have reached a decade-level high, reflecting a rising sense of optimism. (Source: Bloomberg)
Business Recorder
7 hours ago
- Business
- Business Recorder
China stocks rally on easing tariff tensions
HONG KONG: China stocks closed at their highest level since 2015 on Monday, extending a months-long rally driven by easing trade tensions and abundant liquidity, while pushing market capitalization to a record peak. The Shanghai Composite Index rose 0.9% to 3,728.03, its strongest close since August 2015. The CSI 300 Index also climbed by 0.9% to a ten-month peak. The Shanghai benchmark has now advanced some 22% since the low struck in early April, buoyed by the extension of the US-China trade truce, Beijing's crackdown on excessive competition, and a rotation of funds from bonds into equities, which brokers say has flooded the market with liquidity. Total market capitalization of over 5,400 China-listed companies has risen above 100 trillion yuan ($13.9 trillion) for the first time, reflecting both price appreciation and a surge in listings over the past decade. Winnie Wu, Bank of America's chief China equity analyst, said that positive developments on the geopolitical front and clearer policy direction from Beijing have all helped compress the equity risk premium and trigger a re-rating, despite the rally running against fundamentals odds. 'There are renewed hopes on domestic retail flows,' she wrote in a note to clients. In a sign of heightened investor activity, onshore turnover reached nearly 2.8 trillion yuan on Monday, the highest since October when Beijing's sweeping stimulus measures triggered a sharp rally. Hao Hong, chief investment officer at Lotus Asset Management, said the market may face near-term resistance due to profit-taking pressure, but added that many remain hopeful the bull run can extend despite headwinds. Leading the rally on Monday onshore, the rare earth sector surged 5.3% to a fresh high since December 2021.
RTHK
a day ago
- Business
- RTHK
HSI falls while Shanghai stocks hit decade high
HSI falls while Shanghai stocks hit decade high The Hang Seng Index gave up gains earlier in the day to end down 93 points, or 0.37 percent, at 25,176. File photo: RTHK Mainland stocks closed at their highest level since 2015 on Monday, extending a months-long rally driven by easing trade tensions and abundant liquidity while pushing market capitalization to a record peak. In Hong Kong, the property sector weighed on stocks as the benchmark Hang Seng Index ended down 93 points, or 0.37 percent, at 25,176, giving up earlier gains. The Hang Seng China Enterprises Index dipped 0.06 percent to end at 9,033 while the Hang Seng Tech Index rose 0.65 percent to close at 5,579. The electric vehicle sector jumped 1.9 percent. The benchmark Shanghai Composite Index rose 0.85 percent to 3,728, its strongest close since August 2015, while the Shenzhen Component Index closed 1.73 percent higher at 11,835. The CSI 300 Index also climbed by 0.9 percent to a 10-month peak. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 2.84 percent to close at 2,606. The Shanghai benchmark has now advanced some 22 percent since the low struck in early April, buoyed by the extension of the US-China trade truce, Beijing's crackdown on excessive competition, and a rotation of funds from bonds into equities, which brokers say has flooded the market with liquidity. The total market capitalisation of over 5,400 China-listed companies has risen above 100 trillion yuan for the first time, reflecting both price appreciation and a surge in listings over the past decade. Winnie Wu, Bank of America's chief China equity analyst, said positive developments on the geopolitical front and clearer policy direction from Beijing have all helped compress the equity risk premium and trigger a re-rating, despite the rally running against fundamentals odds. "There are renewed hopes on domestic retail flows," she wrote in a note to clients. In a sign of heightened investor activity, onshore turnover reached nearly 2.8 trillion yuan on Monday, the highest since October when Beijing's sweeping stimulus measures triggered a sharp rally. Hao Hong, chief investment officer at Lotus Asset Management, said the market may face near-term resistance due to profit-taking pressure, but added that many remain hopeful the bull run can extend despite headwinds. Leading the rally on Monday onshore, the rare-earth sector surged 5.3 percent to a fresh high since December 2021. The AI sector jumped 3.8 percent and the information technology sector rose 2.5 percent. (Reuters/Xinhua)
Business Times
a day ago
- Business
- Business Times
China stocks rally to decade-high on easing tariff tensions, fund rotation
[HONG KONG] China stocks closed at their highest level since 2015 on Monday (Aug 18), extending a months-long rally driven by easing trade tensions and abundant liquidity, while pushing market capitalisation to a record peak. The Shanghai Composite Index rose 0.9 per cent to 3,728.03, its strongest close since August 2015. The CSI 300 Index also climbed by 0.9 per cent to a ten-month peak. The Shanghai benchmark has now advanced some 22 per cent since the low struck in early April, buoyed by the extension of the US-China trade truce, Beijing's crackdown on excessive competition, and a rotation of funds from bonds into equities, which brokers say has flooded the market with liquidity. Total market capitalisation of over 5,400 China-listed companies has risen above 100 trillion yuan (S$17.9 trillion) for the first time, reflecting both price appreciation and a surge in listings over the past decade. Winnie Wu, Bank of America's chief China equity analyst, said that positive developments on the geopolitical front and clearer policy direction from Beijing have all helped compress the equity risk premium and trigger a re-rating, despite the rally running against fundamentals odds. 'There are renewed hopes on domestic retail flows,' she wrote in a note to clients. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In a sign of heightened investor activity, onshore turnover reached nearly 2.8 trillion yuan on Monday, the highest since October when Beijing's sweeping stimulus measures triggered a sharp rally. Hao Hong, chief investment officer at Lotus Asset Management, said the market may face near-term resistance due to profit-taking pressure, but added that many remain hopeful the bull run can extend despite headwinds. Leading the rally on Monday onshore, the rare earth sector surged 5.3 per cent to a fresh high since December 2021. The AI sector jumped 3.8 per cent and the information technology sector rose 2.5 per cent. In Hong Kong, the benchmark Hang Seng Index closed down 0.4 per cent to give up earlier gains, weighted by the property sectors,. The Tech Index rallied 0.7 per cent, while the EV sector jumped 1.9 per cent. REUTERS
Mint
a day ago
- Business
- Mint
China stocks rally to decade-high on easing tariff tensions, fund rotation
HONG KONG, - China stocks closed at their highest level since 2015 on Monday, extending a months-long rally driven by easing trade tensions and abundant liquidity, while pushing market capitalization to a record peak. The Shanghai Composite Index rose 0.9% to 3,728.03, its strongest close since August 2015. The CSI 300 Index also climbed by 0.9% to a ten-month peak. The Shanghai benchmark has now advanced some 22% since the low struck in early April, buoyed by the extension of the U.S.-China trade truce, Beijing's crackdown on excessive competition, and a rotation of funds from bonds into equities, which brokers say has flooded the market with liquidity. Total market capitalization of over 5,400 China-listed companies has risen above 100 trillion yuan for the first time, reflecting both price appreciation and a surge in listings over the past decade. Winnie Wu, Bank of America's chief China equity analyst, said that positive developments on the geopolitical front and clearer policy direction from Beijing have all helped compress the equity risk premium and trigger a re-rating, despite the rally running against fundamentals odds. "There are renewed hopes on domestic retail flows," she wrote in a note to clients. In a sign of heightened investor activity, onshore turnover reached nearly 2.8 trillion yuan on Monday, the highest since October when Beijing's sweeping stimulus measures triggered a sharp rally. Hao Hong, chief investment officer at Lotus Asset Management, said the market may face near-term resistance due to profit-taking pressure, but added that many remain hopeful the bull run can extend despite headwinds. Leading the rally on Monday onshore, the rare earth sector surged 5.3% to a fresh high since December 2021. The AI sector jumped 3.8% and the information technology sector rose 2.5%. In Hong Kong, the benchmark Hang Seng Index closed down 0.4% to give up earlier gains, weighted by the property sectors,. The Tech Index rallied 0.7%, while the EV sector jumped 1.9%. This article was generated from an automated news agency feed without modifications to text.
