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Bloomberg, (28/6) - Hong Kong stocks
are set for the biggest decline among developed markets this half as
concern about China’s economy drives valuations 22 percent below the
five-year average.
The Hang Seng Index tumbled 9.8 percent in 2013, trailing the Standard & Poor’s 500 Index by the most in 15 years and wiping more than $145 billion from the value of shares. The losses dragged the gauge’s valuation to 9.7 times estimates earnings, compared with a five-year average of 12.5, according to data compiled by Bloomberg.
JPMorgan Asset Management and Goldman Sachs Group Inc. say Hong Kong stocks may get even cheaper as a manufacturing slowdown in China collides with the worst cash shortage in a decade. The waning outlook for the world’s second-biggest economy is exacerbating declines spurred by the U.S. Federal Reserve’s plan to dial back unprecedented stimulus measures.
http://www.bloomberg.com/news/2013-06-27/hong-kong-stocks-fail-to-lure-jpmorgan-with-worst-developed-drop.html
The Hang Seng Index tumbled 9.8 percent in 2013, trailing the Standard & Poor’s 500 Index by the most in 15 years and wiping more than $145 billion from the value of shares. The losses dragged the gauge’s valuation to 9.7 times estimates earnings, compared with a five-year average of 12.5, according to data compiled by Bloomberg.
JPMorgan Asset Management and Goldman Sachs Group Inc. say Hong Kong stocks may get even cheaper as a manufacturing slowdown in China collides with the worst cash shortage in a decade. The waning outlook for the world’s second-biggest economy is exacerbating declines spurred by the U.S. Federal Reserve’s plan to dial back unprecedented stimulus measures.
http://www.bloomberg.com/news/2013-06-27/hong-kong-stocks-fail-to-lure-jpmorgan-with-worst-developed-drop.html
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 1:50 PM
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