Summary:
The Hang Seng index trimmed earlier gains on Wednesday after a sharp drop. Global funds returned to Indian assets last week, the first time in 2025.
The Hang Seng index pared some of its earlier gains on Wednesday after a sharp decline in the previous session. Global funds returned to Indian assets last week the first time in 2025.
Chinese technology stocks fell from a three-year high to the brink of a correction in just five sessions, fuelled by a lack of positive surprise in earnings and Xiaomi's jumbo share sale.
Investors has surged into the sector since January, but the rally is fizzling out. While outlook improved among the nation's tech giants, it had been fully baked in.
According to some local money managers, any pullback in equities from Trump's upcoming tariffs would be a buying opportunity as business-friendly policy pivot are seen as game changers.
The world's second largest economy could be more immune to higher tariffs than in 2018 when corporate debt was soaring. It is less reliant on exports to the US and pivots to boost consumption.
There is a plenty of buyers to put a floor under a potential stock rout, including sovereign wealth fund, mutual funds and insurance firms, amid signs of a turnaround in the disappointing market.
The Hang Seng index has shown the head and shoulder top pattern, so it is expected to weaken for a while. But the uptrend likely remains intact unless the support around 23,170 is broken.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Netflix Q2 earnings loom. With strong growth expected, analysts are raising targets—but can the stock justify its high valuation and keep rising?
2025-07-16
Dow plunges 423 points, S&P 500 slips 0.4%, but Nasdaq sets new record as Nvidia surges. Traders eye tariffs, inflation, and earnings for direction.
2025-07-16
The DAX 40 dropped for the fourth session, hit by financial and healthcare stocks. The EU made progress in securing trade deals with new partners.
2025-07-16
