Hong Kong stocks have entered a bear market, dropping 21 percent from their peak, as investor concerns about China's real estate sector and economic growth continue to escalate.
Asian stocks, particularly Chinese markets, may find some respite after Wall Street's resilience on Monday despite surging bond yields, although economic data and policy actions out of China remain disappointing.
Hong Kong's stock market has benefited from China's rapid growth, with over 1,400 Chinese companies raising $1.05 trillion in the past 30 years.
Hong Kong stocks rebounded as traders considered the recent market slump to be excessive, with Chinese tech leaders such as Alibaba, AIA, and NetEase leading the way.
China's economic slowdown, marked by falling consumer prices, a deepening real estate crisis, and a slump in exports, has alarmed international leaders and investors, causing Hong Kong's Hang Seng Index to fall into a bear market and prompting major investment banks to downgrade their growth forecasts for China below 5%.
China's stock market is on the verge of a meltdown as major property developers collapse, while Wall Street is booming due to renewed interest in tech stocks, posing a potential threat to the UK as it gets caught in the crossfire.
Evergrande's shares plummeted by over 80% as they resumed trading in Hong Kong, following the company's announcement of a $4.5 billion loss for the first half of the year, exacerbating concerns about China's real estate market crisis.
Chinese stocks rebounded briefly after Beijing implemented measures to halt the slide, but foreign investors used the opportunity to unload $1.1 billion of mainland Chinese equities, reflecting ongoing nervousness about holding capital in China.
Chinese stocks initially surged on Monday after the government implemented measures to boost investor confidence, but most of the gains were lost by the end of the session due to concerns about the country's economic slowdown and the foreign outflow of funds.
Hong Kong stocks rise on speculations of fresh capital market measures and expectations of banks cutting mortgage rates, while Chinese developers and Xiaomi contribute to the market gains.
Hong Kong-listed property stocks surged after China's People's Bank of China eased borrowing rules and cut the reserve requirement ratio for foreign exchange deposits, leading the Hang Seng Index to be the top gainer in Asia, with real estate companies such as Evergrande, Logan Group, and Longfor Group experiencing a spike in shares, and Country Garden Holdings leading gains at 14.61% up.
Most Asian stocks fell on Tuesday due to concerns over slowing growth in China, a property sector meltdown, and hot inflation readings, which raised concerns over higher interest rates. Chinese stocks were the worst performers, with investors growing impatient with Beijing's slow approach to stimulus measures.
China's stock market rebound may be temporary as corporate earnings continue to decline and companies revise down their outlooks, causing concern for foreign funds and prompting Bank of America to urge caution.
Asia stocks fall as weak economic data in China and Europe raise concerns over global growth, while the dollar strengthens as investors assess the outlook for U.S. interest rates.
Stocks fell on Wall Street as concerns about inflation and weakening global demand weighed on investor sentiment, raising doubts about the Federal Reserve's plans to cut interest rates.
Hong Kong stocks, including SMIC, Tencent, and JD.com, dropped as weak China trade data and a depreciating yuan put pressure on the market.
European stock markets weakened on Thursday due to signs of slowing growth in Europe and China, as well as concerns about future Federal Reserve tightening. German industrial production fell more than expected, adding to the struggles of the eurozone's largest economy. China's exports and imports also fell in August, indicating continued pressure on its manufacturing sector. Additionally, stronger-than-expected US inflation data raised concerns about sticky inflation. Oil prices fell as signs of slowing Chinese growth overshadowed a draw in US inventories.
Asian shares fell and the dollar's rally stalled as the greenback weakened against most major currencies; concerns over Apple's iPhone sales in China and the expansion of a ban on iPhones in sensitive departments in China to government-backed agencies and state companies also weighed on sentiment.
On September 10, Hong Kong halted full-day stock market trading for the second time this month due to severe rainstorms and the Black Rainstorm warning issued by the local Observatory.
Chinese stocks have passed the worst of the selling pressure and are still attractive to investors due to their cheap valuation and potential for growth, according to CLSA. However, Beijing needs to address concerns and risks in the economy. The MSCI China Index has fallen this year, but a pause in the Federal Reserve's tightening policy is expected to reverse market pessimism.
US stocks slumped as reports of China's recovering economy caused concern, potentially impacting global stock exchanges, while the US auto workers' strike and oil price rallies also contributed to market fluctuations.
China's stock market has slumped due to worrying economic data including falling prices, missed expectations in retail sales and industrial production, and plunging real estate investment, leading analysts to express concerns about an impending downward spiral in the Chinese economy.
Asian stocks sink as investors await the Federal Reserve's policy decision and concerns over inflation rise due to a surge in oil prices.
Most Asian stocks retreated as markets absorbed the outlook for higher interest rates and concerns over a property market crisis in China, while Japanese shares rose on the back of the Bank of Japan's dovish stance.
Hong Kong stocks tumble as China Evergrande cancels creditor meetings, raising concerns about the property sector and China's economic stability.
Hong Kong stocks bounce back after two days of heavy selling, but traders remain concerned about the economy as the Federal Reserve considers further interest rate hikes.
Asia-Pacific markets mostly fell due to an increase in Treasury yields and oil prices, leading to a decline in investor sentiment on Wall Street, with Hong Kong's Hang Seng index sliding 1.41% after shares of Evergrande were suspended.
Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, reflecting pessimism and concerns about the nation's economic outlook, despite positive data from China's holiday weekend showing a doubling in tourism revenue from a year earlier.
Stocks and bonds have plummeted worldwide due to the chaos in Washington, with concerns over a potential government shutdown and economic slowdown adding to investor anxieties.
Stocks plummeted as investors were spooked by the 10-year Treasury yield reaching its highest level since 2007, with markets concerned about a tight labor market and the possibility of rising yields continuing to put pressure on stocks.
Hong Kong stocks rebounded as buyers took advantage of the market sell-off, while Macau casinos saw gains due to strong visitor arrivals during the "golden week" holiday, and US equities also contributed to the positive sentiment.
Asian shares mostly fell amid concerns about the U.S. banking system and Chinese economic growth, with Japan's Nikkei 225 down 0.2% and Hong Kong's Hang Seng down 0.4%, while China's export data showed the sharpest decline in three years. Bank stocks in the U.S. also fell after Moody's cut credit ratings for 10 smaller and midsized banks, citing concerns about their financial strength in light of higher interest rates and the work-from-home trend. The Federal Reserve's efforts to combat inflation by raising interest rates have led to a slowdown in the economy and hit banks hard.
Stocks plummeted as Treasury yields rose, consumer prices increased, and a disappointing bond auction caused a decline in the broader stock market.
Asian stock markets fell on Friday, following the lead of U.S. markets, as bond yields increased and Federal Reserve Chairman Jerome Powell's remarks weighed on equities; South Korea's KOSPI Composite Index and Hong Kong’s Hang Seng Index were among the top losers, while Japanese inflation data showed price rises easing but still above the Bank of Japan's target rate of 2%.
Most Asian stocks continue to decline due to weak business activity in Japan and Australia, although Chinese markets rebounded as a state-run fund started buying equities; sentiment remains weak due to concerns over the Israel-Hamas war.
Investors are rapidly selling Chinese stocks due to concerns over the country's economic slowdown, lack of convincing response from authorities, and rising tensions between China and the US, leading to a collapse in trust in the Chinese Communist Party.
Efforts to revive Hong Kong's stock market are unlikely to succeed without a major improvement in China's economic prospects, as foreign investors reduce exposure to China and the region's key financial center struggles with low turnover and declining market sentiment.
