Hong Kong Stocks Slide As China Reopening Trade Wanes and Corporate Earnings Struggle

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Hong Kong Stocks Slide As China Reopening Trade Wanes and Corporate Earnings Struggle

South China Morning Post2023-02-06

Hong Kong stocksdropped as China reopening bets waned amid struggling corporate earnings and concerns that thespy balloonincident will heighten US-China geopolitical tensions and provoke more ...

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GohTo
·2023-02-06
Depends on what those stocks are purchased for, shorting the market I can understand the need to bail, China still has strong fundamentals, and the drive this year is to grow the economy - mostly likely without the US market - which no love lost as US market is not looking positive anyways. For the long haul, this might bea great opportunity to leverage these companies prices.
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- albert77:
  k
  2023-02-06
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- ALai:
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  2023-02-06
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- NewPower:
  👍
  2023-02-06
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valentia
·2023-02-06
That's what the stock market is all about 😂
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- Louis7779:
  Pls like my post thanks
  2023-02-06
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SteveTan1
·2023-02-06
Quite a long of investors are still adapting to wait and see approach.
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Limwy
·2023-02-06
Here we go again
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Baidu tumbled 3.31 per cent to HK$140, and JD.com slumped 5.03 per cent to HK$219.2. Developer Country Garden slid 3.93 per cent to HK$2.69. Macau casino operator Sands China lost 2.95 per cent to HK$28.The city’s benchmark stock index lost 4.5 per cent last week, the most since late October. Mainland investors sold HK$17.5 billion (US$2 billion) worth of Hong Kong-listed stocks last week, reducing net inflows this year to about US$500 million, according to Stock Connect data.Almost 60 per cent of Chinese companies lost money in 2022, the highest in at least a decade, according to data compiled by Industrial Securities last week, based on reports released so far this year. China Hongqiao, the world’s largest aluminium producer, warned net profit could decrease 40 per cent in 2022. It crashed 5.9 per cent to HK$8.36, the biggest drop since November last year.“Some investors are cashing out after profiting from the powerful rally during the past few months,” Zhang Qiyao, strategist at Industrial Securities said in a research note on Monday. The sentiment is also dipping as the market expects underwhelming earnings reports against the backdrop of weak economic data, he added.Asian markets were mixed on Monday. 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For the long haul, this might bea great opportunity to leverage these companies prices.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/9955434094","repostId":1116061984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105733608,"gmtCreate":1675663976411,"gmtModify":1675663979592,"authorId":3575421087208890,"author":{"id":3575421087208890,"idStr":"3575421087208890","authorId":3575421087208890,"name":"albert77","avatar":"https://static.tigerbbs.com/23ad8bf74e09800b779350089d72b84f","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955434094,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"},{"id":105733605,"gmtCreate":1675663954867,"gmtModify":1675663958550,"authorId":3573337026471036,"author":{"id":3573337026471036,"idStr":"3573337026471036","authorId":3573337026471036,"name":"ALai","avatar":"https://static.tigerbbs.com/d7603bc0541524e581c6013e44dbc73c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955434094,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"},{"id":105733590,"gmtCreate":1675663915734,"gmtModify":1675663940532,"authorId":3581949889928488,"author":{"id":3581949889928488,"idStr":"3581949889928488","authorId":3581949889928488,"name":"NewPower","avatar":"https://static.tigerbbs.com/6dd5250c3ee8b6d26b5be75d2771a0b3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955434094,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":105733571,"gmtCreate":1675663731239,"gmtModify":1675663734968,"authorId":4091884668412330,"author":{"id":4091884668412330,"idStr":"4091884668412330","authorId":4091884668412330,"name":"Sagu","avatar":"https://static.tigerbbs.com/3aaf50a784d504c2e98ff3a8e898a5b3","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real 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</span></span>"},{"id":105733562,"gmtCreate":1675663522301,"gmtModify":1675663525783,"authorId":4100833454173050,"author":{"id":4100833454173050,"idStr":"4100833454173050","authorId":4100833454173050,"name":"DiAngel","avatar":"https://community-static.tradeup.com/news/f7c2ee91188421bf874cdbc97fb77886","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.20","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955434094,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9955436877,"gmtCreate":1675656140099,"gmtModify":1676539938744,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"htmlText":"That's what the stock market is all about 😂","listText":"That's what the stock market is all about 😂","text":"That's what the stock market is all about 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955436877","repostId":1116061984,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105733034,"gmtCreate":1675658644283,"gmtModify":1675658648091,"authorId":3579095725705542,"author":{"id":3579095725705542,"idStr":"3579095725705542","authorId":3579095725705542,"name":"Louis7779","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955436877,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Pls like my post thanks<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">Pls like my post thanks<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">Pls like my post thanks<span class=\"Apple-converted-space\"> </span></span>"}],"langContent":"EN"},{"id":9955438161,"gmtCreate":1675654948953,"gmtModify":1676539938607,"author":{"id":"4091343496242080","authorId":"4091343496242080","name":"SteveTan1","avatar":"https://static.tigerbbs.com/7d55ede77af4234570420f4ccc08177a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4091343496242080","authorIdStr":"4091343496242080"},"htmlText":"Quite a long of investors are still adapting to wait and see approach.","listText":"Quite a long of investors are still adapting to wait and see approach.","text":"Quite a long of investors are still adapting to wait and see approach.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955438161","repostId":1116061984,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955431419,"gmtCreate":1675654420231,"gmtModify":1676539938553,"author":{"id":"3575713286442926","authorId":"3575713286442926","name":"Limwy","avatar":"https://community-static.tradeup.com/news/3553ad0eb1015cc94291c1ae10f2dbab","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3575713286442926","authorIdStr":"3575713286442926"},"htmlText":"Here we go again","listText":"Here we go again","text":"Here we go again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955431419","repostId":1116061984,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":30,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}