Economy

Thousands in HK mark China's national day with pro-democracy rally

Thousands in HK mark China's national day with pro-democracy rallyā€¯

After opening the trading day at 7.35, shares of HNA Infrastructure Co Ltd traded in a close range. The 50 day moving average went down $-0.76 or -5.12% whereas the 200 day average was down by -0.23%. China Mobile has a one year low of $50.46 and a one year high of $63.26.

The World Economic Forum's Global Competitiveness Index last week downgraded Hong Kong's judicial independence ranking by five spots to number 13 in the world. "Internationally, China plays a very important role in various areas such as politics, economics, technology and environmental protection".

"It's like mainland (Chinese) laws have intruded into Hong Kong", said Alex Ha, a teacher of classical guitar, who was walking alone in the crowd.

With a total market capitalization of HK$24.68 trillion and a listing of almost 2,000 companies as of 2015, the SEHK is Asia's third biggest stock exchange and the world's sixth biggest stock exchange. Today, it is the third biggest stock exchange in Asia next to the Tokyo Stock Exchange (TSE) and the Shanghai Stock Exchange (SSE), respectively. It is extended from 12:00 n.n. until 1:00 p.m. before the regular afternoon session begins at 1:00 p.m. and ends at 4:00 p.m.

The HSI measures the top 50 companies on the SEHK, representing more than half of its total market capitalization.

A company must also belong to the top 90% of the total market capitalization on the SEHK; and to the top 90% total turnover on the SEHK.

The components of the HSI are classified into four sectors since January 1985. Presently, it is operated by the Hang Seng Bank (HSB) Hang Seng Indexes Company. Rebalancing of the HSI happens every quarter. However, a company can already be eligible for inclusion even if it has only been listed on the SEHK for at least three months provided that it has a compelling overall market performance and valuation. Flawless liquidity of Cathay Pacific Airways Ltd was the main condition of its acceptance.

Before the Global Financial Crisis of 2008 broke out, the HSI had first attained the 30,000 mark in October 2007. When the 2008 Global Financial Crisis had broken out, it lost almost 70% of its peak, closing at 10,676.28 on October 27, 2008.

Protesters were also seen carrying a banner saying "Hong Kong Independence" alongside a separatist Catalan "Estelada" flag. This year, Hong Kong has scored 65 points, ranking second next to Singapore in the coveted list. The stock had a fall in short interest between August 31, 2017 and September 15, 2017 of -10.47%.

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The company has market cap of $46.42 billion. The Company's sales department is divided into two teams: the new franchisee recruitment team, which is responsible for inviting new franchisees to open Royal Furniture stores; the store maintenance team, which is responsible for ensuring the image, proper operation and future development of the existing stores. It now has negative earnings.

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