The Economic Intelligence Newsletter, October 5 Sun Hung Kai (00016) dropped 1.1%, trading at HK$104.80. The stock has declined for two consecutive days, with a cumulative drop of 3.4%. The stock traded around 1.98 million shares, worth HK$208 million.
The U.S. reported only 29,000 new non-farm payrolls in September last Friday (October 2), far below market expectations. The yield on the U.S. 10-year Treasury bond briefly fell to 5.15%, but quickly rebounded, indicating that the data did not ease market pessimism about the outlook. Asian markets showed mixed performance this morning, with Japanese stocks rebounding 2%, while Hong Kong stocks remained at low levels.
The yield on the U.S. 10-year Treasury bond hovered around 5.25%-5.26% today, putting pressure on Hong Kong property stocks; Henderson Land (00012) fell 1.8% to HK$25.50; New World Development (00017) dropped 0.9% to HK$5.765; CK Asset (01113) declined 1.4% to HK$45.26; Hang Lung Properties (00101) fell 0.3% to HK$6.455; Sino Land (01997) dropped 1.9% to HK$29.42; Sun Hung Kai Properties (00083) fell 0.4% to HK$10.01.
Currently, the Hang Seng Index stands at 23,984, up 12 points or less than 0.1%, with main board turnover exceeding HK$6.8 billion. The Hang Seng China Enterprises Index is at 8,039, up 9 points or 0.1%. The Hang Seng Tech Index stands at 4,172, up 14 points or 0.4%.
(hc)
The U.S. reported only 29,000 new non-farm payrolls in September last Friday (October 2), far below market expectations. The yield on the U.S. 10-year Treasury bond briefly fell to 5.15%, but quickly rebounded, indicating that the data did not ease market pessimism about the outlook. Asian markets showed mixed performance this morning, with Japanese stocks rebounding 2%, while Hong Kong stocks remained at low levels.
The yield on the U.S. 10-year Treasury bond hovered around 5.25%-5.26% today, putting pressure on Hong Kong property stocks; Henderson Land (00012) fell 1.8% to HK$25.50; New World Development (00017) dropped 0.9% to HK$5.765; CK Asset (01113) declined 1.4% to HK$45.26; Hang Lung Properties (00101) fell 0.3% to HK$6.455; Sino Land (01997) dropped 1.9% to HK$29.42; Sun Hung Kai Properties (00083) fell 0.4% to HK$10.01.
Currently, the Hang Seng Index stands at 23,984, up 12 points or less than 0.1%, with main board turnover exceeding HK$6.8 billion. The Hang Seng China Enterprises Index is at 8,039, up 9 points or 0.1%. The Hang Seng Tech Index stands at 4,172, up 14 points or 0.4%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Sun Hung Kai (00016) | 104.80 | Down 1.13% |
| Henderson Land (00012) | 25.50 | Down 1.85% |
| New World Development (00017) | 5.765 | Down 0.95% |
| CK Asset (01113) | 45.26 | Down 1.39% |
| Hang Lung Properties (00101) | 6.455 | Down 0.31% |
| Sino Land (01997) | 29.42 | Down 1.87% |
| Sun Hung Kai Properties (00083) | 10.01 | Down 0.40% |
| Taiheiyo (01972) | 23.62 | Down 1.75% |
| Hang Seng (00014) | 15.38 | Down 0.77% |
| Kerry Properties (00683) | 17.43 | Down 0.34% |
