|Bid||23.97 x 1400|
|Ask||25.82 x 42300|
|Day's Range||23.94 - 24.04|
|52 Week Range||21.10 - 27.17|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.07|
|Expense Ratio (net)||0.48%|
Hong Kong ETFs jumped Wednesday, with Hong Kong stocks enjoying their best single-day gain of the year, after the government's formal withdrawal of the previously proposed extradition bill that triggered three months of protests. On Wednesday, the Franklin FTSE Hong Kong ETF (FLHK) rose 4.7% and iShares MSCI Hong Kong ETF (EWH) advanced 4.4%. Hong Kong Chief Executive Carrie Lam announced the withdrawal of the extradition bill at a meeting after markets closed.
To Cut Or Not to Cut? Lagarde Answers the Question Federal Reserve officials are prevaricating over whether to cut dollar interest rates at the next Federal Open Market Committee meeting on September 17-18. St. Louis Fed President James Bullard is the most dovish (from the inflation side) and hawkish (from the saver side) calling for […]The post Market Morning: Fed Debates, Johnson Loses, Hong Kong Wins, Italy Gets New Government appeared first on Market Exclusive.
Spanish, Portuguese Bonds Near 0% Yield Inverted yield curves, record amounts of debt yielding negative rates, and countries only a few years ago on the verge of bankruptcy yielding next to nothing. These are the signs of the beginning of a possible manic bubble phase of a nearly 40 year bond bull market now in […]The post Market Morning: Bond Bubble Reaches New Heights, Turkey Jails Mayors, Iran US Tanker Face Off, appeared first on Market Exclusive.
Hong Kong stocks and related ETFs roiled in recent weeks as unrest and fears of a global slowdown weighed on this Asian market, but some are looking at the extreme pullback as a buying opportunity. Over ...
Market maven and CNBC’s “Mad Money” host Jim Cramer said that an even greater tail risk to the markets is the Hong Kong protests. Due to Hong Kong being a major financial hub in Asia, a potential shutdown could put global markets in a tailspin. “I just don’t think the Chinese communists can avoid it anymore,” Cramer said.
For a second straight day, demonstrators clashed with police officers at the Hong Kong International Airport on Tuesday.
Hong Kong Continues Its Slide Into Chaos With Chinese Troops On The Border Hong Kong stocks (NYSEARCA:EWH) are sliding again, down 15% in a month, as a second mass protest in the Hong Kong airport is threatening to shut down all international flights again. There is worry now that we could see another Tiananmen Square-type […]The post Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds appeared first on Market Exclusive.
“That’s actually what I’m worried about the most right now, because every weekend we’ve got this drama where the people of Hong Kong are having protests in the millions and its starting to get very violent,” Eisman added. In financial sector vernacular, a black swan is a major disruption that could obliterate the markets and economy. Per a CNBC report, “Hundreds of thousands of protesters have taken to Hong Kong’s streets since early June, due to opposition to a now-suspended extradition law that would have allowed people in the city to be extradited to Mainland China.
After yesterday’s big fall, the Hang Seng Index rose marginally today. The index gained 0.13% to end at 28,222. The index opened considerably lower than yesterday’s close but gained in early trading. Afterward, the index remained within a narrow range to end the day on a slightly positive note.
After rising marginally yesterday, Hong Kong’s Hang Seng Index fell today. The index lost 1.15% to end at 28,185.98. Only seven stocks in the index rose, while 39 declined. Four remained unchanged. Tencent Holdings (TCEHY) was one of the worst performers with a 1.8% fall.
After falling on Friday, the Hang Seng Index started the week of the G20 meeting on a positive note. The index gained 0.14% today. Last week, the index gained 5%, and Friday was the only day it posted losses during the week.
Hong Kong’s Hang Seng Index, which has been under severe pressure this quarter, was the best performing Asian index on June 19 with 2.56% gains. The index recorded its third consecutive gain.
Hong Kong In Massive Show of Defiance Against Beijing Over a quarter of Hong Kong’s 7.4 million people marched against China’s hand-picked chief executive Carrie Lam over the weekend in protest against an extradition bill that would essentially allow Beijing to ship over anyone they wanted to stand trial in China for crimes against communism, […]The post Market Morning: Hong Kong Rises Up, Fed Meets Wednesday, Deutsche Bad Bank, Boeing Mea Culpa appeared first on Market Exclusive.
Hong Kong ETFs may be losing their luster with the city's status as a global financial hub comes into question, following a controversial new law that threatens the autonomy of the Special Administrative Region. Hong King-related ETFs, such as the SPDR Solactive Hong Kong ETF (ZHOK) , Franklin FTSE Hong Kong ETF (FLHK) and iShares MSCI Hong Kong ETF (EWH) , could come under fire as talented individuals that make up the Asian financial hub consider living in other areas that do not fall under mainland China's laws. Some observers argued that the bill poses legal risks for employees whom were protected under the autonomy of Hong Kong through its framework with China known as "one country, two systems," the Wall Street Journal reports.
Most Asian Indexes Gain as Trump Concludes Japan TripHong Kong’s Hang Seng gainsHong Kong’s Hang Seng followed China’s lead today. The index gained 0.38% to end at 27,390.81. Yesterday, however, the index diverged from the mainland indexes.
May 8 Asia-Pacific Update: Markets in Red on New Data, S&P's FallTrade balance shrinksAfter recovering on May 7, China’s Shanghai Composite Index fell 1.12% to 2,893.76 on May 8. The market started the day on a strong note, rising to the
Trump Hits at China, Causes Havoc in AsiaDeal or no deal?When the leader falls, the army surrenders. On May 6, Asian markets were impacted by a single tweet about China from President Trump.On May 5, President Trump tweeted that the duty on $200