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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (204038)	1/23/2024 2:39:21 AM
From: TobagoJack	1 Recommendation Recommended By Maurice Winn Read Replies (1) \| Respond to of 218715

Re <<China considers a $278 billion package to stabilize its stock market.>> I much doubt Team China would mobilise much for the financial market. I am counting on the Team to stabilise the financial market by talking the talk, mostly alone The bazooka is saved for any eventual and I doubt really needed intervention in the real market. Let's see. From here earlier Message 34539711 we are now here, this day, this hour and I believe the stocks I chose finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com

To: bull_dozer who wrote (204038)	1/23/2024 2:45:42 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218715

Am pondering, as am 1/3 in (of ultimate intended holding of HK shares). Holding fire until something, unsure what exactly, happens; like collapses of Nasdaq, S&P 500, DJIA Happy to wait as earning 4.3% yield at the same moment. scmp.com Hong Kong stocks surge from 15-month low as Premier Li Qiang signals ‘forceful’ measures to halt trillion-dollar market rout \| South China Morning Post Published: 9:59am, 23 Jan, 2024 People walking outside the Exchange Square in Central, Hong Kong with tickers showing stock prices on December 7, 2023. Photo: SCMP / Li Jiaxing Stocks in Hong Kong surged by the most in over two month after a US$1 trillion slump in market value this month prompted China’s premier Li Qiang to call for “forceful” measures to stabilise prices and calm investors. The Hang Seng Index jumped 3.7 per cent to 15,506.59 at 2.20pm local time, after sliding below the 15,000-point psychological level on Monday to the lowest since October 2022. The Hang Seng Tech Index rallied 3.6 per cent, while the Shanghai Composite Index jumped 0.9 per cent to climb out of the May 2020 low. Tencent surged 4.7 per cent to HK$274.40, Alibaba Group advanced 4.3 per cent to HK$68.25 and peer JD.com rallied 5.6 per cent to HK$87.15. EV maker BYD jumped 3.2 per cent to HK$197 and rival Li Auto surged 7.4 per cent to HK$112.40. China Resources Land advanced 7.1 per cent to HK$21.95 and peer developer Longfor surged 8.1 per cent to HK$8.56. Premier Li called on officials to “vigorously improve the quality and investment value of listed companies, increase the entry of medium and long-term funds into the market, and enhance the inherent stability of the market,” Xinhua News Agency reported, after he chaired a State Council meeting in Beijing on Monday. “We are keeping our hopes up, regarding the policymaker’s willingness to do something, to put a backstop to the the current slide and restore confidence,” Helen Qiao, chief Greater China economist at BofA Global Research, said during a media briefing on Tuesday. “We think that will be done, one way or the other.” Chinese regulators retract gaming rule proposal after stock market turmoil 23 Jan 2024 In a separate decision, Chinese authorities took down a proposal to tighten online video-gaming rules from its website on Tuesday. The new rules, proposed in December, stoked a US$63 billion rout in Tencent and NetEase stocks. NetEase soared 4.4 per cent to HK$144 on Tuesday. China’s premier Li Qiang orders measures to halt market rout 23 Jan 2024 Stock indices slumped to fresh lows in Hong Kong, Shanghai and Shenzhen on Monday. More than US$1 trillion of market capitalisation has been erased from Chinese stocks listed in mainland China and Hong Kong this year alone, matching all of the sell-off in 2023, according to Bloomberg data. “It is too early to cheer for any solid improvement in sentiment, especially with the ongoing concern about policy risks and a less appealing growth story,” said Gary Ng, a senior economist at Natixis. “The market has clearly not ruled out the possibility of a dead cat bounce until the stimulus is on the table.” “We’re closely watching the volatility of the stock market,” Hong Kong’s Chief Executive John Lee Ka-chiu said on Tuesday. Regulatory agencies, especially the monetary authority, will exercise caution and remain vigilant. Currently, the market is still operating in an orderly manner without any unusual situation, he said. Elsewhere, HSBC gained 1.8 per cent to HK$59.55. Vice-President Han Zheng met the UK lender’s chairman Mark Tucker in Beijing on Monday, calling on HSBC to make good use of its advantages to deepen mutually beneficial cooperation with China and enhance Hong Kong’s status as an international financial centre. Unpack daily market news from Hong Kong and China, with analysis, updates, company results and insights. Other key Asian traded higher. Australia’s S&P/ASX 200 gained 0.5 per cent and South Korea’s Kospi added 0.6 per cent. Japan’s Nikkei 225 weakened 0.1 per cent. Additional reporting by Yulu Ao