|Bid||60.89 x 1100|
|Ask||60.99 x 900|
|Day's Range||60.87 - 60.98|
|52 Week Range||56.22 - 69.12|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||7.45%|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.14%|
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.
“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.
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.
Hong Kong-related ETFs were among the leading areas in the markets Thursday on hopes that negotiations between the U.S. and China were moving to higher levels with a resolution around the corner and on ...