• 30 mins The Fastest Growing Energy Sectors Of 2019
  • 21 hours How To Spy On Yourself: The Doorbell To End Civil Liberties
  • 2 days Analyst Predicts Tesla Stock Will Soar To $500
  • 3 days Australian Billionaire To Invest In $88 Million Struggling Solar Project
  • 4 days Twitter-Shaming: The Biggest Threat To Any Business
  • 4 days Canada Looks To Become A Major Source For Critical Minerals
  • 4 days Hedge Funds Are Piling Into This Key Commodity
  • 6 days Trade Deal Not Likely Before Christmas 2020
  • 6 days America's $16 Trillion Debt Bubble Is About To Burst
  • 7 days Black Friday Breaks Online Shopping Records
  • 7 days Tesla's Biggest Competitor Is Hiding In Plain Sight
  • 8 days Are Celebrities Good Or Bad For Cannabis Stocks?
  • 9 days Venezuela’s Crisis Continues As Maduro Spends $5 Billion On Oil Deals
  • 10 days Elon Musk Claims 250,000 Orders For Cybertruck
  • 11 days How To Survive Thanksgiving Politics With Cannabis Gravy
  • 12 days The Fragility Of Monetary Policy
  • 13 days 5 Oligopoly Stock Picks For Your 2020 Portfolio
  • 13 days $7 Trillion In Unfunded U.S. Pensions As Domestic Debt Hits A Record High
  • 14 days Retail Is Alive And Well, But Only For The Rich
  • 14 days New Tech Could Unchain The Solar Revolution
Hedge Funds Are Piling Into This Key Commodity

Hedge Funds Are Piling Into This Key Commodity

Institutional investors are buying oil…

  1. Home
  2. Investing
  3. Stocks

Hong Kong Stock Market Surges Past Japan

Hong Kong

Hong Kong has climbed above Japan to become the world's third-largest stock market, behind only the U.S. and China.

The benchmark Hang Seng Index has grown by 17 percent since the start of the year, adding $937 billion to the market cap for equities trading in the city, compared to $371 billion for Japan.

Expectations that China's economic slump will bottom out before the start of the second half of 2019 have assisted in raising its stock exchange, still the most significant in Asia, following last year's exceptional drop.

The last time the Hong Kong market was higher than Japan's was almost four years ago.

China remains ahead of the rest of the region, the most significant equity market in Asia with a market cap of $7.6 trillion, while the United States still holds the leading spot globally, with a market cap of an impressive $31.3 trillion.

Web giant Tencent Holdings Ltd. has actually been the main chauffeur of Hong Kong's increase with a 22 percent gain this year.

Hong Kong market benefits from trade deal optimism

Trump stated recently that an offer was more than likely "four weeks" away but the conversations began previously this year to end the nine-month trade war, the fish line has consistently been pushed back.

Regardless, China and the U.S. have traversed another milestone, with the two sides agreeing on a system to police any agreement, including new enforcement offices, triggering optimism in world markets, including Hong Kong. Related: Big Banks Face Off Against Congress

The enforcement scheme and the team behind it have been a considerable difficulty to conquer, with China fretted that policing of its management by United States authorities would be an infraction of sovereignty.

The arrangement, nevertheless, will similarly permit China to keep track of U.S. practices, a mutual recognition which authorities stated exposed decision from both sides to reach a trade offer.

U.S. Treasury Secretary Steven Mnuchin stated, “We’ve pretty much agreed on an enforcement mechanism, we’ve agreed that both sides will establish enforcement offices that will deal with the ongoing matters.”

China and the United States have entered what has in fact been described as the last stage of concentrated negotiations to reach a settlement.

By Michael Kern for Safehaven.com

More Top Reads From Safehaven.com

Back to homepage

Leave a comment

Leave a comment