Hong Kong equities fell 13.6 percent in 2018 – the worst performance in seven years – despite the rise on the last trading day due to signals from the trade talks.
About $ 4.5 trillion ($ 575 billion) Market capitalization has been eradicated since the beginning of the year as worries about the US-China trade war, the slowing Chinese economy and rising interest rates hit the market an all-time high in January.
Only 12 left in the US The Hang Seng Index posted a positive return this year, while the company AAC Technologies, which supplies Apple and Huawei, was the worst index member at a loss of 67 percent ̵
What should Hong Kong traders expect China's stock after a year of "heaven to hell"?
Defensive tactics made utilities the only sub-index that was still in the green, with a modest gain of 4 percent, while the sub-index for trade and industry lost 19 percent.
"The market was shaken by the US-Chinese trade war and many other uncertainties this year," said Stanley Chan, research director at Emperor Securities.
These uncertainties include liquidity shortage According to US interest rate hikes, China's economy lost strength and concerns in the second half of the year for a synchronized global economic slowdown next year.
However, market sentiment on the last trading day was compounded by a rare call on Saturday between Xi Jinping and Donald Trump that pointed to improvements in the relationship between the world's two largest economies trapped in a months-long trading war
Hang Seng Index rose 1.3 percent, or 341.5. closed until 25.845,7 until Monday noon. Trading resumes on Wednesday after New Year's Day.
The mainland markets are closed on Mondays and Tuesdays for New Year's holidays and will also begin trading on Wednesday. The Shanghai Composite Index closed 25% on Friday, making it the largest market in the world.
The Shanghai Stock Index ends in 2018 as the world's biggest loser as the trade war broke out. 19659002] "The deal is progressing very well. If it is done, it will be very comprehensive and cover all topics, areas and issues, "Trump wrote on Saturday night.
Xi and Trump expressed their willingness to press ahead with the agreements reached at the G20 meeting in December, the state-run Xinhua News Agency reported.
VC Asset Management CEO Louis Tse Ming-kwong was one of the lucky dealers in Hong Kong in 2018. He took profits and left the market in the fall.
"The only thing we can say this year is that it's a very volatile market," Tse said.
The worst value that China's manufacturing industry has released on Monday for over two years has been released The hopes of the market must not be tempered.
China's economy continues to slow as production contracts for the first time in two and a half years
The factory's activities declined in December for the first time since July 2016, as the official PMI fell to 49.4 Manufacturing PMI rose from 53.4 to 53.8 in November,
The Tencent Holdings index of the Hang Seng Index rose 1.3 percent to HK $ 314 after Chinese regulators frozen new samples and on Saturday Allowed 80 titles.
Although none of the titles came from Tencent, the Chinese gambling and internet giants, the move signaled a weakened government stance on online games. Tencent's shares have slumped by a third since it hit a historic high in January, in part due to the regulator's release of the games.