Hong Kong Financial News

The big 4.5% drop in Chinese stock market on Olympics opening day was probably due to a scare in terrorism on the opening day in China. While there was a small bomb / smoke machine in Causeway Bay in HK on Friday, there wasn’t other terrorist news as far as I know.

With the opening ceremony going pretty in order last Friday and the big jump in US equities Friday night, Asia will definitely open a lot higher on Monday. And the Chinese markets should continue to go up because of the successful Olympics opening and the worry of terrorists attacking during the Olympics opening ceremony is gone.

LONG Hong Kong Index, Shanghai Index on Monday

August 10th, 2008 | Tags: Hong Kong, olympics, Shanghai, Stock Market, terrorists | Category: General Trends | Leave a comment

With olympics coming up (opening on 8/8/08), I don’t think the Chinese will be selling stocks like crazy during the game and the govt will try its best to prop up the stock market just to not lose any face during the game.

I suggest to buy till middle of August!

July 30th, 2008 | Tags: olympics, Stocks | Category: General Trends | Leave a comment

I believe we are in a short term up cycle now, simply for the two reasons:

 i) Olympics coming. Chinese stocks should not go down further as there are rumours that the government will support the stock market at least throughout the Olympics (the government will not allow any bad showing about the country within the Olympics period – just not to lose any “face”

ii) Seems like financials stocks are gaining back some strength now. The world stock markets have been hammered badly mainly because of the under-performance of financial stocks. But now they are gaining back strength and hopefully will prop up the market for a little while.

 While in longer term I believe we are in a cyclical bear market now. So exit quickly after you have earned a modest amount.

July 23rd, 2008 | Tags: financial stocks, HK and China stocks, olympics, stock markets | Category: General Trends | Leave a comment

The Hang Seng tumbled from the beginning to the end of the day today. This is due to A shares retreating on the same day. There are not that many new reasons prompting this drop. People may be selling to capture some profit in the past few weeks. There are renewed concerns about the Chinese economy. Olympics-related shares such as Li Ning are tumbling fast too. Seems like sentiments are changing. US is currently down now. Probably the Hang Seng will continue its rapid drop tomorrow?

May 8th, 2008 | Tags: A Shares, Chinese economy, Hang Seng, HSI, Li Ning, olympics | Category: General Trends | Leave a comment