The Hang Seng Index opened 393 points lower today (14th), after the US stock market plunged yesterday and the Dow fell by more than 1,000 points, the Asia-Pacific region is diving today, the Australian and Japanese stocks retreated more than 2.5 percent, and South Korea and Taiwan added 1.6 percent. The higher-than-expected inflation in the…
In Hong Kong HSI Fell 479 Points Asian Stocks Drop Reflecting the Wall Street Decline
The Hang Seng Index opened 393 points lower today Sept. 14, after the US stock market plunged yesterday and the Dow fell by more than 1,000 points, the Asia-Pacific region also reduced, the Australian and Japanese stocks retreated more than 2.5 percent, and South Korea and Taiwan added 1.6 percent. The higher-than-expected inflation in the…
Hang Seng Index is Increasingly Flooded with Mainland Stocks
Commentary Over the 25 years after the handover of Hong Kong’s sovereignty, Hong Kong has undergone tremendous changes in all segments of society. One most notable change during the past 25 years is the “Hang Seng Index (HSI),” which used to reflect the health of the Hong Kong stock market. It is now being dominated…
News of Jack Ma, Founder of Alibaba, Resurfacing Overseas, Props up Investor Confidence
The reported reappearance of Jack Ma overseas, for the first time in over a year, has resulted in shares of the tech giant Alibaba Group surging in Hong Kong. Ma is the founder and former chairman of Alibaba Group Holding, which owns the South China Morning Post (SCMP) which reported on Oct. 19 that he…
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