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Hong Kong stocks rise while Aussie stocks fall

By Mensholong Lepcha

04:50, 16 November 2021

Hong Kong Stock Exchange trading floor
Hong Kong Stock Exchange trading floor – Photo: Alamy

Hong Kong’s Hang Seng index rose 1% by lunch break on Tuesday helped by gains in real estate and tech stocks.

Investors kept an eye on the ongoing talks between US President Joe Biden and his Chinese counterpart Xi Jinping as both leaders voiced their responsibility of avoiding conflict.

Hang Seng Mainland Properties Index rose over 2% on Monday with Country Garden Services emerging as one of the top gainers in Hong Kong on Tuesday, up 4.5%.

Japan flat

Hang Seng TECH index climbed 1.3% by midday with index heavyweights Tencent Holdings and Alibaba Group rising over 1.7% each.

Japan’s Nikkei 225 index was close to flat on Tuesday as gains in automobile firms offset losses in steel and machinery stocks.

Oil - Crude

71.62 Price
+0.400% 1D Chg, %
Long position overnight fee -0.0204%
Short position overnight fee -0.0015%
Overnight fee time 22:00 (UTC)
Spread 0.030


16,050.30 Price
-0.140% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


1,996.35 Price
-0.420% 1D Chg, %
Long position overnight fee -0.0199%
Short position overnight fee 0.0117%
Overnight fee time 22:00 (UTC)
Spread 0.50


0.63 Price
-6.240% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Topix-17 Automobile & Transport Equipment index was the top performing sectoral sub-index by Tuesday afternoon as Toyota Motor and Suzuki Motor extended Monday’s gains.

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Aussie stocks down

Elsewhere, Australia’s S&P/ASX 200 index was on track for its worst day in over two weeks on Tuesday after Reserve Bank of Australia Governor Philip Lowe said an outlook on inflation is “more uncertain than it has been for some time.”

Lowe added that an interest rate hike in 2022 is unlikely.

On Tuesday, S&P/ASX 200 index slipped 0.8% to 7,409.20 by late afternoon in Sydney. Biopharmaceutical firm Mesoblast lost over 8% and investment management services company Pendal Group fell about 4% to emerge as the biggest intraday percentage losers.

Read more: China slowdown could have ripple effect on emerging markets

Markets in this article

Alibaba Group
69.0 USD
-2 -2.830%
Alibaba Group Holding Limited (Extended Hours)
72.17 USD
-0.17 -0.240%
Australia 200
7198.0 USD
-11 -0.150%
Australia 200
7198.0 USD
-11 -0.150%
Australia 200
7198.0 USD
-11 -0.150%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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