FI CSOP HSI

Update on Hang Seng Bull and Bear Street Holdings Distribution

HSI Night Index Closed Down 271 Points

Night Market Futures Down, Hang Seng Index Futures April Night Session Down 133 Points

HSI Night Index Futures Settlement at 26145 Points, Up 229 Points

April Futures Night Market Up 74 Points

Hang Seng Index Futures Night Session Closes Up 0.13% at 25956.90

HANG SENG FUTURES DOWN AT OPEN

HSI Evening Futures Closed at 24972 Points

HSI March Night Index Futures Down 46 Points

HSI Futures Open 1.03% Lower at 25,389.93

HSI Futures Night Session Closes Up 0.65% at 26,923

Heng Seng Index Bull-Bear Street Position Ratio at 75:25, Bull-Bear Warrant Street Position Distribution and Changes

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

00HSI

02800

07200

03037

03115

07300

Hong Kong's unemployment rate for Feb to Apr 2023 remains at 3.7%, consistent with market expectations. The underemployment rate decreased to 1.5%. Total employment fell by 7,700 to 3,648,000, while the labor force decreased by 5,200 to 3,787,200. The number of unemployed persons rose by 2,600 to 139,200. Secretary for Labour and Welfare Chris Sun Yuk-han noted the strong economic growth should support the labor market, despite potential geopolitical risks.

- Data from the statistics department shows that the seasonally adjusted unemployment rate remained at 3.7% from February to April, consistent with market expectations.  
- The total number of employed decreased from 3,655,700 to 3,648,000 during the same period, while the unemployment count rose from 136,600 to 139,200.  
- The Director of the Labour and Welfare Bureau noted that strong economic growth in Hong Kong is expected to support the labor market, while geopolitical risks will be closely monitored.

AASTOCKS News

Hang Seng Index

TRACKER FUND

FL2 CSOP HSI

CSOP HSI ETF

ISHARESHSI

HK Latest Jobless Rate Holds at 3.7%, In Line with Consensus

Kevin Warsh has been confirmed as the new chairman of the US Federal Reserve. While he asserts commitment to the Fed's independence, concerns arise about potential government influence. Warsh has criticized the Fed's interest rate strategies, reflecting some of President Trump's views, which may impact bond investors.

Businesstimes News

What bond investors should know about a Warsh-led Federal Reserve

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On the afternoon of May 18th, the Hong Kong stock market continued its weak downward trend, with the Hang Seng Technology Index plunging over 2%. Pressured by both geopolitical tensions and soaring U.S. Treasury yields, technology heavyweights, automotive, and semiconductor sectors generally faced sharp declines, with Li Auto dropping nearly 14% and SMIC falling over 3%. On the other hand, the logic of high industrial prosperity continued to ferment, with optical fiber and cable and AI concept stocks rising against the trend; additionally, some small-cap stocks experienced significant fluctuations, with Jin Hui Holdings soaring over 55%

Market Pulse

FI2 CSOP HSI

TENCENT

BABA-W

MEITUAN

LI AUTO-W

LEAPMOTOR

SMIC

HUA HONG SEMI

YOFC

KNOWLEDGE ATLAS

GEELY AUTO

BYD COMPANY

HORIZONROBOT-W

SICC

MONTAGE TECH

Samsung Electronics 

GIGADEVICE

Taiwan Semiconductor

CHINA RES LAND

CHINAHONGQIAO

HSBC HOLDINGS

HSBC

RADIANCE HLDGS

51WORLD

HAICHANG HLDG

CSOP HS TECH

HSCEI ETF

XL2CSOPHYNIX

XIAOMI-W

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Alibaba

BABA-WR

Alibaba HK SDR 5to1

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Li Auto

SMIC HK SDR 5to1

Hua Hong

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

Montage Technology

Samsung Electronics Co., Ltd. Sponsored GDR

HSBC 5xShortSG241213

HSBC Holdings Plc

AIA-R

AIA Group

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Hong Kong stocks intraday | The three major indices continue to decline, the Hang Seng Tech drops over 2%, automotive and semiconductor sectors fall together, while AI concepts remain active against the trend

159920

513600

ChinaAMC Hang Seng ETF

China Southern Hang Seng ETF

《HIBOR》Overnight HIBOR Down to 2.42%, Sinking for 5 Days

.DJI

.DJUS

.IXIC

.NDX

.SPX

Treasury yields have surged to multi-year highs, with the 30-year yield exceeding 5.1% and the 10-year at 4.6%, driven by inflation concerns. Futures markets indicate a strong likelihood of a Fed rate hike by early 2027, potentially as soon as December. These higher yields could increase mortgage and corporate borrowing costs, negatively impact stocks, and slow economic growth.

Dow Jones Industrial Average

Dow Jones U.S. Index

NASDAQ Composite Index

NASDAQ-100

S&P 500

Bond yields hit highs as Fed hike bets surge

One result of the massive monetary expansion was an upsurge in inflation, to a peak of over 9% in 2022—which the Fed infamously termed “transitory.”

Grading Powell’s Fed: Good for stocks, bad for affordability

The IMF praised Hong Kong's economic resilience but warned of risks from geopolitical tensions, forecasting GDP growth to slow to 2.4% this year. It urged financial reforms, including a goods and services tax, to stabilize public revenue. The report highlighted ongoing economic slack and challenges in the commercial real estate market. Financial Secretary Paul Chan noted the government's efforts to stabilize the market and projected increasing surpluses in the operating account over the next five years, emphasizing a positive growth outlook driven by global demand for AI-related electronics.

- The International Monetary Fund (IMF) praised Hong Kong's economic resilience, noting ongoing recovery despite not reaching pre-pandemic levels, while warning of risks from escalating geopolitical tensions.  
- The IMF urged mid-term fiscal reforms, including the introduction of a goods and services tax, to stabilize public revenues, predicting GDP growth to slow from 3.5% in 2025 to 2.4% this year due to weak external demand.  
- The report indicates that private investment hasn't fully recovered and highlights the mixed performance in commercial real estate, projecting a moderate economic growth outlook while emphasizing the need for broader revenue reforms.

SCMP

IMF lauds resilient Hong Kong economy, but warns of risks linked to Mideast war

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The Hang Seng Index fell 1.63% this week, closing at 25962.73, marking its largest weekly decline since March 2026. It has decreased in three of the last four weeks and is down 21.69% from its record close in January 2018. The index is currently 7.17% off its 52-week high but up 12.11% from its 52-week low. Year-to-date, it has gained 1.30%.

MorningStar

ISHARESHSI-U

Factset Research

Hang Seng Index Falls 1.63% This Week to 25962.73 — Data Talk

The Hong Kong economy grew by 5.9% year-on-year in Q1 2026, driven by strong external trade and domestic demand. Total exports rose by 23.7%, while private consumption and investment expenditures increased by 4.9% and 17.7%, respectively. The unemployment rate decreased to 3.7%. The Hang Seng Index reached a four-and-a-half-year high before correcting, but has since recovered. The residential property market also showed strength with rising prices and rentals.

- The Hong Kong government released the Q1 2026 economic report, showing a GDP growth of 5.9% year-on-year, up from 4% in the previous quarter.  
- Strong external trade and a rebound in domestic demand contributed to a significant increase in exports, especially for AI-related products, as well as a rise in private consumption and investment.  
- The labor market improved slightly, with the unemployment rate decreasing to 3.7%, and the housing market continued to strengthen with rising prices and rents.

Govt: HK 1Q Econ Growth at 5.9%; Full-yr Growth Forecast Kept at 2.5-3.5%

The Hong Kong Tourism Board reported that preliminary visitor arrivals in April reached 4.22 million, a 10% increase year-on-year. The growth was bolstered by events like the Hong Kong International Rugby Sevens. From January to April, total arrivals were approximately 18.52 million, up 15% YoY, with Mainland China visitors at 14.18 million and non-Mainland visitors at 4.34 million, increasing by 18% and 8% YoY respectively.

- The Hong Kong Tourism Board reported that approximately 4.22 million visitors arrived in Hong Kong in April, marking a 10% year-on-year increase.  
- The Hong Kong Sevens, held in early April, contributed to a continued growth trend in visitor arrivals.  
- From January to April, total visitor arrivals reached about 18.52 million, a 15% increase from the previous year, with 14.18 million from mainland China and 4.34 million from non-mainland visitors.

HKTB: Apr Preliminary Visitor Arrivals to Hong Kong Up 10% YoY to 4.22 Million; 1-4M Up 15%

FI CSOP HSI(07300.HK)

HK Latest Jobless Rate Holds at 3.7%, In Line with Consensus

What bond investors should know about a Warsh-led Federal Reserve

Hong Kong stocks intraday | The three major indices continue to decline, the Hang Seng Tech drops over 2%, automotive and semiconductor sectors fall together, while AI concepts remain active against the trend

《HIBOR》Overnight HIBOR Down to 2.42%, Sinking for 5 Days

Bond yields hit highs as Fed hike bets surge