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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Hong Kong Exchanges and Clearing Limited    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Global Stocks Rise With Eyes on Trade

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09/11/2019 | 06:53am EDT

By Anna Isaac

-- Dow futures up, S&P 500 futures flat

-- Treasury yields rise

-- Asian, European stocks climb

Global stocks gained Wednesday after China exempted certain U.S. products from higher tariffs ahead of trade talks planned for next month.

Futures for the Dow Jones Industrial Average edged up 0.1%. The contracts don't necessarily predict moves after the opening bell.

The Stoxx Europe 600 rose 0.6% in late-morning trade, with Germany's DAX up 1% and France's CAC 40 up 0.4%.

Shares in the London Stock Exchange Group PLC gained 4.9% after Hong Kong Exchanges & Clearing Ltd. made an offer to buy it in a $36.56 billion cash-and-share deal.

Meanwhile, shares in Prosus, the Naspers Ltd. spinoff, had their debut on Amsterdam's Euronext. A valuation of nearly EUR120 billion ($132.51 billion) made it Europe's largest listed consumer internet company.

China said Wednesday that higher tariffs wouldn't be levied against a variety of U.S. imports for a year, starting Sept. 17, and that it would continue to review more goods for exemption.

Hong Kong's Hang Seng led gains, climbing 1.8%, while Japan's Nikkei rose 1%. The Shanghai Composite was the exception, with a fall of 0.4%.

Korea's Kospi climbed 0.8% after positive jobs data from the country helped to bolster confidence in its economy, suggesting that government stimulus efforts were proving fruitful.

In Europe, Zara-owner Industria de Diseno Textil SA, the world's largest fashion retailer by sales, saw its share price fall 2.5% after it reported earnings for the first half of the year.

Investors have shown signs in recent days of expecting less stimulus from the European Central Bank when it meets on Thursday.

"Ahead of the ECB meeting investors seemed to take some chips off the table with aggressive expectations being pared back," said Antoine Bouvet, senior rates strategist at ING Bank in a note.

The yield on the benchmark 10-year German bund was at minus 0.545% on Wednesday. Meanwhile, U.S. 10-year Treasury yields rose to 1.718%, from 1.706% on Tuesday. Bond yields and prices move in opposite directions.

The drivers for rising yields included better news on U.S.-China trade and a reduced likelihood of a no-deal Brexit, according to Oliver Jones, market economist at Capital Economics.

Higher yields may offer relief for major banks, easing pressure on their balance sheets after negative interest rates have eaten into profits in Europe. The banking sector within Europe's Stoxx 600 climbed 1.4%, marking its sixth- straight day of gains.

In commodities, oil prices rebounded from losses that came after President Trump ousted John Bolton as his national security adviser. Brent crude, the global benchmark, was up by 1.2% at $63.12 a barrel.

Write to Anna Isaac at anna.isaac@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CAC 40 -1.22% 4978.18 Real-time Quote.-16.73%
DAX -0.70% 13116.25 Delayed Quote.-1.00%
DEERE & COMPANY 0.92% 221.97 Delayed Quote.28.11%
DJ INDUSTRIAL -0.88% 27657.42 Delayed Quote.-3.09%
EURO / BRITISH POUND (EUR/GBP) -0.01% 0.9158 Delayed Quote.8.43%
HANG SENG 0.48% 24431.57 Real-time Quote.-13.33%
HONG KONG EXCHANGES AND CLEARING LIMITED 0.70% 372.6 End-of-day quote.47.27%
INDUSTRIA DE DISEÑO TEXTIL, S.A. -2.40% 24.85 Delayed Quote.-20.99%
ING GROEP N.V. -2.80% 6.601 Delayed Quote.-38.24%
JUST GROUP PLC -6.95% 45.52 Delayed Quote.-42.38%
KOSPI COMPOSITE INDEX 0.08% 2411.71 Real-time Quote.9.67%
LONDON BRENT OIL 0.37% 43.02 Delayed Quote.-34.44%
LONDON STOCK EXCHANGE PLC 1.33% 8960 Delayed Quote.15.61%
NASDAQ 100 -1.30% 10936.982393 Delayed Quote.26.88%
NASDAQ COMP. -1.07% 10793.28193 Delayed Quote.20.29%
NASPERS LIMITED -0.47% 2895 End-of-day quote.26.38%
NEXT PLC -2.89% 6254 Delayed Quote.-10.89%
NIKKEI 225 0.18% 23360.3 Real-time Quote.-1.25%
PROSUS N.V. -1.89% 78.74 Delayed Quote.18.35%
RISE, INC. -3.70% 26 End-of-day quote.-13.33%
S&P 500 -1.12% 3319.47 Delayed Quote.2.75%
S&P/CITIC 300 INDEX -0.44% 4075.18 Delayed Quote.15.36%
S&P/CITIC 50 INDEX -0.57% 4015.88 Delayed Quote.8.17%
SHANGHAI A INDEX 2.07% 3498.5492 Real-time Quote.9.47%
STOXX EUROPE 600 -0.66% 368.78 Delayed Quote.-11.32%
STOXX EUROPE 600 NR -0.66% 810.42 Delayed Quote.-9.70%
THE GLOBAL LTD. 1.56% 195 End-of-day quote.-58.60%
WILL GROUP, INC. 2.75% 935 End-of-day quote.-25.32%
WORLD CO., LTD. -0.48% 1453 End-of-day quote.-46.01%
WTI 0.51% 40.976 Delayed Quote.-33.38%
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Financials
Sales 2020 18 632 M 2 404 M 2 404 M
Net income 2020 11 084 M 1 430 M 1 430 M
Net cash 2020 74 133 M 9 566 M 9 566 M
P/E ratio 2020 42,5x
Yield 2020 2,11%
Capitalization 471 B 60 797 M 60 800 M
EV / Sales 2020 21,3x
EV / Sales 2021 17,1x
Nbr of Employees 2 182
Free-Float 94,1%
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Hong Kong Exchanges and Clearing Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 395,90 HKD
Last Close Price 372,60 HKD
Spread / Highest target 24,0%
Spread / Average Target 6,25%
Spread / Lowest Target -31,8%
EPS Revisions
Managers
NameTitle
Xiaojia Li CEO & Executive Director
Romnesh Lamba Co-President
Chi Kin Tai Co-President & Chief Operating Officer
May Lung Cha Non-Executive Chairman
Vanessa Lau Group Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
HONG KONG EXCHANGES AND CLEARING LIMITED47.27%60 797
INTERCONTINENTAL EXCHANGE, INC.7.20%55 681
LONDON STOCK EXCHANGE PLC15.61%40 735
DEUTSCHE BÖRSE AG5.60%32 207
B3 S.A. - BRASIL, BOLSA, BALCÃO30.63%21 667
NASDAQ14.33%20 113