Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action

77
6
Favorite

Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action

South China Morning Post2023-01-31

China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...

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（6）

juniorpua
·2023-02-01
@ZZZZzzz
Reply
Like
Report
Sigit waloyo
·2023-02-01
Good
Reply
2
Report
Fold Replies
- Sigit waloyo:
  ok
  2023-02-03
  Reply
  Report
supre
·2023-01-31
I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook
Reply
1
Report
VivianChua
·2023-01-31
Will improve 💚
Reply
4
Report
Fold Replies
- J288:
  agreed
  2023-01-31
  Reply
  Report
Billionaire Pinky Pig Monkey
·2023-01-31
Ok
Reply
3
Report
Fold Replies
- Billionaire Pinky Pig Monkey:
  Ok
  2023-01-31
  Reply
  Report
Andrewinho
·2023-01-31
🤭🤭🤭
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/1192867920?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-31 11:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1192867920","market":"hk","top_or_hot":-1,"title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","media":"South China Morning Post","content":"<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">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":"HSI","symbol_name":"恒生指数","start_time":0,"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","article_id":"1192867920","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","pubTimestamp":1675135825,"columns":[],"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"translate_title":"大多数香港股市下跌，交易员等待更多中国复苏信号，美联储政策行动","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":0.9,"HSI":0.9,"HSTECH":0.9},"content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9955341856,"gmtCreate":1675236425976,"gmtModify":1676538985782,"author":{"id":"4120913222548772","authorId":"4120913222548772","name":"juniorpua","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4120913222548772","authorIdStr":"4120913222548772"},"htmlText":"<a href=\"https://ttm.financial/U/3581062537251340\">@ZZZZzzz &nbsp;</a>","listText":"<a href=\"https://ttm.financial/U/3581062537251340\">@ZZZZzzz &nbsp;</a>","text":"@ZZZZzzz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955341856","repostId":1192867920,"repostType":2,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955397287,"gmtCreate":1675189222250,"gmtModify":1676538982845,"author":{"id":"4106663006772770","authorId":"4106663006772770","name":"Sigit waloyo","avatar":"https://static.itradeup.com/news/793d6f1c1bc32e2f7cdb8ef7a8931a1c","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"4106663006772770","authorIdStr":"4106663006772770"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955397287","repostId":1192867920,"repostType":4,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105710419,"gmtCreate":1675381147580,"gmtModify":1675381160230,"authorId":4106663006772770,"author":{"id":4106663006772770,"idStr":"4106663006772770","authorId":4106663006772770,"name":"Sigit waloyo","avatar":"https://static.itradeup.com/news/793d6f1c1bc32e2f7cdb8ef7a8931a1c","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955397287,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":9955942711,"gmtCreate":1675168058234,"gmtModify":1676538981154,"author":{"id":"4138270331761452","authorId":"4138270331761452","name":"supre","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4138270331761452","authorIdStr":"4138270331761452"},"htmlText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","listText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","text":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955942711","repostId":1192867920,"repostType":4,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955963531,"gmtCreate":1675141704024,"gmtModify":1676538979166,"author":{"id":"3580011914778910","authorId":"3580011914778910","name":"VivianChua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3580011914778910","authorIdStr":"3580011914778910"},"htmlText":"Will improve 💚&nbsp;","listText":"Will improve 💚&nbsp;","text":"Will improve 💚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955963531","repostId":1192867920,"repostType":4,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105687307,"gmtCreate":1675146568931,"gmtModify":1675146581513,"authorId":3581761980405366,"author":{"id":3581761980405366,"idStr":"3581761980405366","authorId":3581761980405366,"name":"J288","avatar":"https://static.tigerbbs.com/f139ffb0e1f3cec014732c0986adcded","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955963531,"type":1,"supId":0,"prevId":0,"content":"agreed","text":"agreed","html":"agreed"}],"langContent":"EN"},{"id":9955982748,"gmtCreate":1675137291485,"gmtModify":1676538978822,"author":{"id":"3568071651427696","authorId":"3568071651427696","name":"Billionaire Pinky Pig Monkey","avatar":"https://static.tigerbbs.com/3402225c0172781df7553e20722ebad7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568071651427696","authorIdStr":"3568071651427696"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955982748","repostId":1192867920,"repostType":4,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105686274,"gmtCreate":1675137298392,"gmtModify":1675137310913,"authorId":3568071651427696,"author":{"id":3568071651427696,"idStr":"3568071651427696","authorId":3568071651427696,"name":"Billionaire Pinky Pig Monkey","avatar":"https://static.tigerbbs.com/3402225c0172781df7553e20722ebad7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9955982748,"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":9955982562,"gmtCreate":1675137250556,"gmtModify":1676538978807,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"🤭🤭🤭","listText":"🤭🤭🤭","text":"🤭🤭🤭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955982562","repostId":1192867920,"repostType":4,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"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>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</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\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":77,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}