Hong Kong Stocks Slump on Corporate Earnings Disappointments

12
1
Favorite

Hong Kong Stocks Slump on Corporate Earnings Disappointments

South China Morning Post03-22

Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Dr Rck
·03-22
If I am not wrong, most of the jobs are in the hospitality and government sectors in US as the government spends big on infra? Who are the big AI-related chips buyers? Would it be the big IT firms and possibly the governments that are trying to build data centers around the world who are either alliances or inviting foreign direct investment? What we are seeing is just a one sided economic front that appears 'strong' if so, why then we still expect rate cuts? War has a way to help the economy, and, who are the biggest ammunition players or manufacturers of military hardwares? This may help drive short term rebound of economy? Perhaps! So is the whole world in safe hands in terms of the stability of the economy, while the Swiss cuts interest rate to stimulate the economy, and on t
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1145674653?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-22 10:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1145674653","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Slump on Corporate Earnings Disappointments","media":"South China Morning Post","content":"<div>\n<p>Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3256301/hong-kong-stocks-slump-after-weak-earnings-ping-and-li-ka-shings-listed-firms\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Slump on Corporate Earnings Disappointments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Slump on Corporate Earnings Disappointments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-22 10:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3256301/hong-kong-stocks-slump-after-weak-earnings-ping-and-li-ka-shings-listed-firms><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3256301/hong-kong-stocks-slump-after-weak-earnings-ping-and-li-ka-shings-listed-firms\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSCEI","symbol_name":"国企指数","start_time":0,"source_url":"https://www.scmp.com/business/china-business/article/3256301/hong-kong-stocks-slump-after-weak-earnings-ping-and-li-ka-shings-listed-firms","article_id":"1145674653","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145674653","pubTimestamp":1711076222,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally triggere","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSCEI":"国企指数","HSTECH":"恒生科技指数","HSI":"恒生指数"},"translate_title":"香港股市因企业盈利令人失望而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1.1,"HSI":1.1,"HSTECH":1.1},"content_text":"Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally triggered by a dovish US Federal Reserve.The Hang Seng Index fell 2.4 per cent to 16,455.50 as of 10.53am local time, down 1.6 per cent for the week. The Hang Seng Tech Index slumped 3.7 per cent and the Shanghai Composite Index retreated 1.4 per cent.Ping An Insurance tumbled 6.9 per cent to HK$33.05 after full-year earnings slid to the lowest in five years in 2023. CK Asset Holdings plunged 11.3 per cent to HK$32.65 and CK Hutchison Holdings lost 2.9 per cent to HK$39.25 after the Li Ka-shing owned companies both reported lower profits for last year. Meituan, China’s biggest on-demand delivery company, sank 4.3 per cent to HK$88.30.“Ping An reported a muted set of 2023 results, with earnings, OPAT and EV missed despite solid NBV and stable DPS,” said Citigroup analysts in a post-results note which made downward revisions to its 2024 and 2025 earnings forecasts and lowered its share price target.Investors have shifted their focus back to corporate earnings after digesting positive factors like China’s market support measures and Thursday’s Fed decision. Weak earnings risk derailing the rebound in the Hang Seng Index, which has risen 13 per cent from a January low through Thursday.Other major Asian markets were mixed. Japan’s Nikkei 225 climbed 0.1 per cent, while South Korea’s Kospi retreated 0.2 per cent and Australia’s S&P/ASX 200 lost 0.5 per cent.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":286946265391240,"gmtCreate":1711077686368,"gmtModify":1711094117877,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"If I am not wrong, most of the jobs are in the hospitality and government sectors in US as the government spends big&nbsp;on infra? Who are the big AI-related chips buyers? Would it be the big IT firms and possibly the governments that are trying to build data centers around the world who are either alliances or inviting foreign direct investment? What we are seeing is just a one sided economic front that appears 'strong' if so, why then we still expect&nbsp;rate cuts? War has a way to help the economy, and, who are the biggest ammunition players or manufacturers of military hardwares? This may help drive short term rebound of economy? Perhaps! So is the whole world in safe hands in terms of the stability of the economy, while the Swiss cuts interest rate to stimulate the economy, and on t","listText":"If I am not wrong, most of the jobs are in the hospitality and government sectors in US as the government spends big&nbsp;on infra? Who are the big AI-related chips buyers? Would it be the big IT firms and possibly the governments that are trying to build data centers around the world who are either alliances or inviting foreign direct investment? What we are seeing is just a one sided economic front that appears 'strong' if so, why then we still expect&nbsp;rate cuts? War has a way to help the economy, and, who are the biggest ammunition players or manufacturers of military hardwares? This may help drive short term rebound of economy? Perhaps! So is the whole world in safe hands in terms of the stability of the economy, while the Swiss cuts interest rate to stimulate the economy, and on t","text":"If I am not wrong, most of the jobs are in the hospitality and government sectors in US as the government spends big on infra? Who are the big AI-related chips buyers? Would it be the big IT firms and possibly the governments that are trying to build data centers around the world who are either alliances or inviting foreign direct investment? What we are seeing is just a one sided economic front that appears 'strong' if so, why then we still expect rate cuts? War has a way to help the economy, and, who are the biggest ammunition players or manufacturers of military hardwares? This may help drive short term rebound of economy? Perhaps! So is the whole world in safe hands in terms of the stability of the economy, while the Swiss cuts interest rate to stimulate the economy, and on t","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286946265391240","repostId":1145674653,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}