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可爱的独行虎
2021-03-01

Healthy equity market consolidation

Hong Kong stocks post worst week in one year as bond yields surge

Feb 26 (Reuters) - Hong Kong stocks ended sharply lower on Friday, in line with broader markets, pos

Hong Kong stocks post worst week in one year as bond yields surge

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The day before yesterday was record selling for them and where they haven't had a sale day since 2021 started. So, you got to feel that we are probably in the crosshairs of complete or a healthy correction\", he added.</p>\n<p>Mainland investors sold a net HK$3.1 billion ($399.68 million) of Hong Kong shares via the Stock Connect on Friday, according to Refinitiv data, following a daily record outflow of HK$20 billion on Wednesday.</p>\n<p>($1 = 7.7563 Hong Kong dollars)</p>","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>Hong Kong stocks post worst week in one year as bond yields surge</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 post worst week in one year as bond yields surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-26 16:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 26 (Reuters) - Hong Kong stocks ended sharply lower on Friday, in line with broader markets, posting their worst week in one year, as a rout in global bonds sent yields flying and dampened appetite for risky assets.</p>\n<p>The Hang Seng index fell 3.6% to 28,980.21, while the China Enterprises Index lost 4.0% to 11,247.21 points.</p>\n<p>For the week, HSI tumbled 5.4%, while HSCE slumped 7.1%, both logging their steepest drops since the week to March 13, 2020.</p>\n<p>Yields on the 10-year Treasury note eased back to 1.494% from a one-year high of 1.614%, but were still up 40 basis points for the month in their biggest move since 2016.</p>\n<p>Adding to the pressure were worries over Sino-U.S. trade relations.</p>\n<p>Katherine Tai, President Joe Biden's top trade nominee, backed tariffs as a \"legitimate tool\" to counter China's state-driven economic model and vowed to hold Beijing to its prior commitments.</p>\n<p>This week's retreat also came after a stamp duty hike that hit sentiment hard and deterred southbound funds.</p>\n<p>The stamp duty will rise to 0.13% of the value of the transaction from the current 0.1% on Aug. 1, Hong Kong Financial Secretary Paul Chan announced in his annual budget speech.</p>\n<p>\"It's an asset class type rotation now that you really looking at, because there's nothing that's impervious to the sell-off,\" said Andy Maynard, head of equities at China Renaissance in Hong Kong.</p>\n<p>\"Southbound (money) is cautious now. The day before yesterday was record selling for them and where they haven't had a sale day since 2021 started. So, you got to feel that we are probably in the crosshairs of complete or a healthy correction\", he added.</p>\n<p>Mainland investors sold a net HK$3.1 billion ($399.68 million) of Hong Kong shares via the Stock Connect on Friday, according to Refinitiv data, following a daily record outflow of HK$20 billion on Wednesday.</p>\n<p>($1 = 7.7563 Hong Kong dollars)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSCCI":"红筹指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2114376536","content_text":"Feb 26 (Reuters) - Hong Kong stocks ended sharply lower on Friday, in line with broader markets, posting their worst week in one year, as a rout in global bonds sent yields flying and dampened appetite for risky assets.\nThe Hang Seng index fell 3.6% to 28,980.21, while the China Enterprises Index lost 4.0% to 11,247.21 points.\nFor the week, HSI tumbled 5.4%, while HSCE slumped 7.1%, both logging their steepest drops since the week to March 13, 2020.\nYields on the 10-year Treasury note eased back to 1.494% from a one-year high of 1.614%, but were still up 40 basis points for the month in their biggest move since 2016.\nAdding to the pressure were worries over Sino-U.S. trade relations.\nKatherine Tai, President Joe Biden's top trade nominee, backed tariffs as a \"legitimate tool\" to counter China's state-driven economic model and vowed to hold Beijing to its prior commitments.\nThis week's retreat also came after a stamp duty hike that hit sentiment hard and deterred southbound funds.\nThe stamp duty will rise to 0.13% of the value of the transaction from the current 0.1% on Aug. 1, Hong Kong Financial Secretary Paul Chan announced in his annual budget speech.\n\"It's an asset class type rotation now that you really looking at, because there's nothing that's impervious to the sell-off,\" said Andy Maynard, head of equities at China Renaissance in Hong Kong.\n\"Southbound (money) is cautious now. The day before yesterday was record selling for them and where they haven't had a sale day since 2021 started. So, you got to feel that we are probably in the crosshairs of complete or a healthy correction\", he added.\nMainland investors sold a net HK$3.1 billion ($399.68 million) of Hong Kong shares via the Stock Connect on Friday, according to Refinitiv data, following a daily record outflow of HK$20 billion on Wednesday.\n($1 = 7.7563 Hong Kong dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":654,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":32,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}