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South China Morning Post
10-04-2025
- Business
- South China Morning Post
Hang Seng Index rises, tracking other Asian markets, as Trump pauses most tariffs
Hong Kong's benchmark stock index extended gains on Thursday amid advances across most Asia-Pacific markets, after US President Donald Trump put a 90-day pause on import tariffs for most of America's trading partners – except China. Advertisement The Hang Seng Index rose 2.1 per cent to 20,681.78 at the close of trading, the biggest jump in nearly four weeks. The Hang Sang Tech Index gained 2.7 per cent. The CSI 300 Index, which tracks the 300 largest companies in Shanghai and Shenzhen, rose 1.3 per cent. The Shanghai Composite Index increased 1.2 per cent and the Shenzhen Composite Index rose 2.5 per cent. All but six of the Hang Seng Index's 83 member stocks strengthened, with exporters and manufacturers leading gains. Optical lens maker Sunny Optical Technology jumped 5.4 per cent to HK$62.20, electric-car maker Li Auto advanced 4.8 per cent to HK$85.40 and PC maker Lenovo Group surged 7.1 per cent to HK$8.03. On the downside, Meituan lost 0.7 per cent to HK$145.40 and ENN Energy fell 0.8 per cent to HK$60. Benchmarks elsewhere in the Asia-Pacific region rose sharply. The Nikkei 225 index rose 9.1 per cent, lifting Japan's stock index out of a bear market. South Korea's Kospi Index added 6.6 per cent and Australia's S&P/ASX 200 Index jumped 4.5 per cent. 07:26 Stock markets in Asia resume slump as hefty US tariffs on China take effect Stock markets in Asia resume slump as hefty US tariffs on China take effect Overnight, Trump put a 90-day pause on applying tariffs on its trading partners – with the exception of mainland China and Hong Kong. That announcement sent Wall Street on a tear, driving a 9.5 per cent gain in the S&P 500 Index, while the Nasdaq Composite Index closed 12.2 per cent higher for the most substantial rally in 24 years.
South China Morning Post
07-04-2025
- Business
- South China Morning Post
Hang Seng Index plummets 13% in its worst rout in decades amid all-out US-China tariff war
Asian stock markets plunged across the region on Monday, kicking off the trading week on the weakest footing in more than a decade, as the world braced for shock waves from the tit-for-tat tariff war between China and the US. Advertisement Hong Kong's benchmark Hang Seng Index plunged as much as 13 per cent to 19,868 at 2:25pm, marking its biggest intraday decline in more than a decade. All 14 major equity gauges in the Asia-Pacific markets fell, with 11 of them hitting their lowest in at least 52 weeks. Japan's Nikkei 225 slid 6.2 per cent, South Korea's Kospi Index retreated 4.7 per cent, Australia's S&P/ASX 200 lost 4 per cent and Singapore's Straits Times Index crashed 8.1 per cent. All but three of the 83 stocks on the Hang Seng declined, with exporters like PC maker Lenovo Group and the optical manufacturer and Apple supplier Sunny Optical Technology bearing the brunt of the sell-off. Hong Kong, a free port that maintains a separate customs union from the mainland, has been included in the tariffs that were applied by the US on China's exports. An electronic board showing the Nikkei225 index on the Tokyo Stock Exchange on April 7, 2025. Photo: Agence-France Presse. E-commerce and technology stocks were among biggest losers in Hong Kong. Alibaba Group Holding , the owner of the Post and one of the world's largest online shopping operators, slumped 14.4 per cent to HK$105.70 while peer tanked 15.6 per cent to HK$129.50. Short-video platform Kuaishou Technology sank 16.2 per cent to HK$47.10, while the smartphone and car maker Xiaomi tumbled 15.3 per cent to HK$38.90. Advertisement 'We expect the 'tariff threat' to remain an overhang for Asia-Pacific stock markets in [the second quarter] of 2025,' wrote Patrick Pan and Yue Tan of Daiwa Capital Markets. 'With rising geopolitical uncertainties, we expect overall market sentiment to cool further.'
Yahoo
09-03-2025
- Business
- Yahoo
Asian Value Stock Picks That Could Be Overlooked In March 2025
As global markets grapple with tariff fears, inflation, and growth concerns, Asian indices have shown resilience amid the uncertainty. In this environment, identifying undervalued stocks requires a keen eye for companies with strong fundamentals and potential for growth despite broader economic challenges. Name Current Price Fair Value (Est) Discount (Est) DIT (KOSDAQ:A110990) ₩13940.00 ₩27509.18 49.3% Zhejiang Cfmoto PowerLtd (SHSE:603129) CN¥174.40 CN¥347.82 49.9% Aidma Holdings (TSE:7373) ¥1735.00 ¥3423.39 49.3% Hyosung Heavy Industries (KOSE:A298040) ₩423000.00 ₩844530.73 49.9% OPT Machine Vision Tech (SHSE:688686) CN¥103.65 CN¥204.49 49.3% BalnibarbiLtd (TSE:3418) ¥1104.00 ¥2172.96 49.2% Food & Life Companies (TSE:3563) ¥4221.00 ¥8305.97 49.2% ASMPT (SEHK:522) HK$58.15 HK$115.96 49.9% Zhejiang Leapmotor Technology (SEHK:9863) HK$41.75 HK$82.70 49.5% Doosan Fuel Cell (KOSE:A336260) ₩15890.00 ₩31552.20 49.6% Click here to see the full list of 283 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: Sunny Optical Technology (Group) Company Limited is an investment holding company involved in the design, research, development, manufacturing, and sale of optical and optical-related products as well as scientific instruments, with a market cap of approximately HK$98.52 billion. Operations: The company's revenue is primarily derived from three segments: Optical Components (CN¥12.32 billion), Optoelectronic Products (CN¥25.10 billion), and Optical Instruments (CN¥587.78 million). Estimated Discount To Fair Value: 47.2% Sunny Optical Technology is trading at HK$90, significantly below its estimated fair value of HK$170.38, suggesting undervaluation based on discounted cash flow analysis. Earnings are forecast to grow 22.9% annually, outpacing the Hong Kong market's 11.6%. Recent guidance indicates a profit increase of approximately 140% to 150% for 2024 compared to the previous year. Despite a low forecasted return on equity of 13.4%, revenue growth remains faster than the market average. In light of our recent growth report, it seems possible that Sunny Optical Technology (Group)'s financial performance will exceed current levels. Dive into the specifics of Sunny Optical Technology (Group) here with our thorough financial health report. Overview: Singapore Technologies Engineering Ltd is a global technology, defence, and engineering company with a market cap of SGD19.08 billion. Operations: The company's revenue is derived from three primary segments: Commercial Aerospace (SGD4.44 billion), Urban Solutions & Satcom (SGD2.01 billion), and Defence & Public Security (SGD4.97 billion). Estimated Discount To Fair Value: 21.6% Singapore Technologies Engineering is trading at S$6.13, below its estimated fair value of S$7.82, highlighting undervaluation based on cash flow analysis. The company's earnings are expected to grow 10.8% annually, surpassing the Singapore market's 9.5%. Despite a high debt level and an unstable dividend track record, revenue growth is projected at 6.4% per year, faster than the local market's average of 4.1%. Recent earnings show sales rose to S$11.28 billion with net income increasing to S$702 million for 2024. Our earnings growth report unveils the potential for significant increases in Singapore Technologies Engineering's future results. Unlock comprehensive insights into our analysis of Singapore Technologies Engineering stock in this financial health report. Overview: Kunshan Huguang Auto Harness Co., Ltd. specializes in the research, development, production, and sales of automotive high and low voltage wiring harness assemblies both in China and internationally, with a market cap of CN¥16.89 billion. Operations: Kunshan Huguang Auto Harness Co., Ltd. generates revenue through its focus on automotive high and low voltage wiring harness assembly products, serving both domestic and international markets. Estimated Discount To Fair Value: 11.6% Kunshan Huguang Auto Harness Ltd. is trading at CN¥38.67, slightly below its fair value estimate of CN¥43.77, indicating some undervaluation based on cash flows. The company faces high debt but shows promising growth prospects with earnings expected to grow 30.93% annually, outpacing the Chinese market's average growth rate of 25.5%. Revenue is also forecasted to increase by 23.4% per year, surpassing the market's 13.3%. The analysis detailed in our Kunshan Huguang Auto HarnessLtd growth report hints at robust future financial performance. Click to explore a detailed breakdown of our findings in Kunshan Huguang Auto HarnessLtd's balance sheet health report. Unlock our comprehensive list of 283 Undervalued Asian Stocks Based On Cash Flows by clicking here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:2382 SGX:S63 and SHSE:605333. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
South China Morning Post
06-02-2025
- Business
- South China Morning Post
Hong Kong stocks gain after US reversal on package ban
Hong Kong stocks rose on Thursday, following gains in the US as traders navigated nonstop news around the trade battle between the world's two largest economies. The Hang Seng Index advanced 0.1 per cent to 20,614.20 at 10.05am local time, on track for a fourth consecutive weekly gain. The Hang Seng Tech Index rose 0.4 per cent. Mainland China's benchmarks the CSI 300 Index and the Shanghai Composite Index both rose 0.1 per cent. Sunny Optical Technology climbed 3.8 per cent to HK$75.20, machine tool maker Techtronic Industries rose 2.9 per cent to HK$102 and Lenovo Group jumped 2.9 per cent to HK$11.26. Tencent-backed e-book seller China Literature surged 6.3 per cent to HK$28.65, while Hua Hong Semiconductor rose 3.2 per cent to HK$26.10 and its peer Semiconductor Manufacturing gained 3 per cent to HK$46.05. Leading decliners, Alibaba Health Information lost 3 per cent to HK$3.59, and internet giant Baidu dropped 1.8 per cent to HK$86.25. Meituan dipped 1.7 per cent to HK$148.30, while Kuaishou Technology declined 1.8 per cent to HK$44.60. 'Our playbook for Trump 2.0 was to buckle up for higher volatility,' Louis Luo, head of multi-asset investment solutions for Greater China at Abrdn, said in a note on Wednesday. Under US-China trade tensions, his firm investing more in China as it is better positioned than emerging-market peers in the near term, he added.
