• Saturday, December 15, 2018

China Stocks at Four-Year Low; Hong Kong Down as Tencent Plunges

Discussion in 'China & Far East' started by F-22Raptor, Oct 11, 2018.

  1. F-22Raptor

    F-22Raptor BANNED

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    A sell off in Hong Kong and Chinese shares deepened following a slump in U.S. equities amid persistent concerns about a trade war.

    The Hang Seng Index sank 3.8 percent, falling below the 26,000 support level, with every member of the gauge declining. Tencent Holdings Ltd., the most valuable stock listed in Asia, slid 7.3 percent and was in line for its biggest loss since October 2011. The Shanghai Composite Index slumped 4.3 percent to its lowest in four years. The yuan fell 0.1 percent to its weakest since Aug. 15.

    The benchmark Hong Kong equity gauge has tumbled 16 percent this year as fears of a trade war between the U.S. and China spurred an exodus from what was the world’s best performing market as recently as January. Valuations are plummeting, with the price to earnings ratio falling into single digits this week for the first time in more than two years.

    https://www.bloomberg.com/news/arti...k-market-woes-worsen-with-tech-luxury-selloff
     
  2. Beast

    Beast ELITE MEMBER

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    Lol.. US is winning economic war with China when NASDAQ and Dow Jones are falling hard too. You called that winning?
     
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  3. dy1022

    dy1022 FULL MEMBER

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    u.s economy depends mostly on stock market as they have no industry comparable to china so china economy is independent of stock market which shows u.s is losing more in this war as compared to china
     
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  4. ashok mourya

    ashok mourya BANNED

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    Tencent is number 2 Chinese company and in top 10 global list..why it is performing badly?
     
  5. Cherokee

    Cherokee SENIOR MEMBER

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    50 cent logic .
     
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  6. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    Check out the Shanghai 1 year!! Right to the basement!


    Screen Shot 2018-10-11 at 1.10.46 AM.jpg

    [​IMG]
     
    Last edited: Oct 11, 2018
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  7. long_

    long_ SENIOR MEMBER

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    GDP is still growing faster than the US.
    [​IMG]
     
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  8. LASER

    LASER FULL MEMBER

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    :lol::lol: Of course no need to.
     
  9. F-22Raptor

    F-22Raptor BANNED

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    Maybe percentage wise....but in GDP dollar output the countries are growing at the same pace.
     
  10. +4vsgorillas-Apebane

    +4vsgorillas-Apebane SENIOR MEMBER

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    Chinese stock market is not representative of the economy.

    Its full of gambler types smoking cigarettes and looking at a screen looking to make a quick dollar.
     
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  11. Tom M

    Tom M SENIOR MEMBER

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    No stock of any market is a representative of the economy. It just reflects the investor/economic sentiments nothing else, ans China is not an exception. :)
     
  12. Realtalk108

    Realtalk108 FULL MEMBER

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    He isn't wrong.

    China finances its companies mostly by bank loans. The stock market is a gormint run casino where Chinese gormint acts as the house.
     
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  13. q12093487q

    q12093487q FULL MEMBER

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    But China is an exception.

    Stock market in china is a joke.It has almost been flat in the past decade despite china's fast economy growth .You won't see the same kind of chart in any other fast growing economy.Even japan‘s stock market act much better than china‘s
     
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  14. Tom M

    Tom M SENIOR MEMBER

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    Really ??? :)

    Well there is a reason why the market capitalization of ZTE Corporations market capitalization fell drastically effectively wiping our USD 3 Billion immediately after U.S ban. Now after the ban was lifted things seem fine for them.
     
  15. Quibbler

    Quibbler FULL MEMBER

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    That is some next level logic.