The Hang Seng index pared earlier losses and is now up by 0.30%. This makes it the best-performing index in the region since the Shanghai and KOSPI have gained by less than 15 basis points. In Japan, the Nikkei 225 index has declined by more than 0.50%. The Hang Seng is gaining even as questions remain about the city’s real estate sector.
The Hang Seng is down by about 0.20% today as investors continue to worry about the second wave of coronavirus. The index is down even after JD.com shares soared after the company cross-listed in Hong Kong. Other indices in Asia are also lagging today, with KOSPI down by 0.35% and Nikkei 225 down by 0.45%.
Hang Seng
The Hang Seng index declined by almost one per cent as the market reopened today. The index is off by more than 200 points and with almost all companies being in the red. The index is an outlier, with the Nikkei 225 and KOSPI up by more than 1%. Chinese bourses are closed today.
Hang Seng
The battered Hang Seng index is down by more than 1.40%, becoming the second-worst performing index in Asia after Nikkei 225. The index is trading at $24,215, which is its lowest level since June 18. However, the index, which is down by more than 13% this year, could see a rebound in the second half of the year, according to analysts. Let us look at the reasons they are giving.
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