{"id":49584,"date":"2026-06-03T11:35:38","date_gmt":"2026-06-03T11:35:38","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/06\/03\/heres-why-the-hang-seng-index-is-missing-the-global-stock-market-bull-run\/"},"modified":"2026-06-03T11:35:38","modified_gmt":"2026-06-03T11:35:38","slug":"heres-why-the-hang-seng-index-is-missing-the-global-stock-market-bull-run","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/06\/03\/heres-why-the-hang-seng-index-is-missing-the-global-stock-market-bull-run\/","title":{"rendered":"Here\u2019s why the Hang Seng Index is missing the global stock market bull run"},"content":{"rendered":"
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Hong Kong\u2019s Hang Seng Index has become a major laggard in the global equities market as top constituent companies plunge. The index was trading at H$25,600 today, June 3, down by nearly 9% from its highest point this year.<\/p>\n

In contrast, its top peers have surged to a record high. In Taiwan, the TWSE index has surged to a record high. Similarly, in South Korea, the Kospi Index<\/a><\/strong>has jumped by over 200%, and Goldman Sachs believes that it will be ultimately surge to 12,000. <\/p>\n

The same bull run is happening in the United States, where the top blue-chip indices like the Nasdaq 100 and S&P 500 have continued to hit record highs every day.<\/p>\n

Top Hang Seng Index constituents have lagged behind<\/h2>\n

The ongoing weakness in the Hang Seng Index is happening because of the ongoing performance of some of its top companies. Trip.com<\/a>, China\u2019s equivalent to Expedia and Booking Holdings, has plunged by over 30% this year, making it the worst-performing company in the index. It has dropped amid an ongoing investigation by Chinese regulations on its market dominance.<\/p>\n

Large tech names in the Hang Seng Index have continued to weaken. For example, Xiaomi, China\u2019s equivalent to Apple, has slumped by 27% this year. This crash contrasts with its top peers like Samsung Electronics and Apple, which have jumped to record highs.<\/p>\n

Xiaomi is facing a major challenge in that memory and chip prices have continued rising this year. As a result, the company has suffered margin compression, a trend that will continue in the foreseeable future. <\/p>\n

Tencent Holdings, the biggest Chinese company by valuation, has retreated by 23% this year. Its recent results came short of expectations despite the booming gaming and AI demand. Its revenue was about 196.5 billion yuan, down from the expected 199 billion yuan. <\/p>\n

There are signs that its gaming segment is slowing as its revenue grew by 9% compared to 24% in the same period last year. <\/p>\n

Meituan, a large Chinese food and grocery delivery company, has slumped by 22.2% this year and by 40% in the last 12 months. This retreat is mostly because of the elevated competition in China, mostly from companies like JD and Alibaba. <\/p>\n

Alibaba, China\u2019s equivalent to Amazon, has slumped by 11% this year, as its profit has slumped. The most recent results revealed that its profit plunged by 84% as it boosted its AI investments. <\/p>\n

Hong Kong top gainers are not enough to offset the laggards<\/h2>\n

Hang Seng\u2019s main challenge is that the top laggards this year are also some of its biggest constituents. The only exception to this is Lenovo Group<\/a>, <\/strong>whose stock has jumped by 174% this year because of the soaring PC and server demand.<\/p>\n

The other top gainers in the Hang Seng Index are relatively smaller names. This includes companies by Contemporary Amperex, Techtronic Industries, CK Hutchison, China Overseas Land, and China Resources Land. <\/p>\n

Hang Seng technical analysis<\/h2>\n
<\/figure>\n

Hang Seng Index chart | Source: TradingView<\/em><\/p>\n

The daily chart shows that the Hang Seng Index has remained inside a narrow range this year. It is stuck inside the key support and resistance levels at 25,087 and 27,197 in the past few months.<\/p>\n

The index is therefore consolidating along the 50-day and 100-day Exponential Moving Averages (EMA). At this stage, the outlook is relatively neutral with a bullish bias. Chances are that it will remain inside this range for the foreseeable future. A move above the key resistance at 27,197 will point to more gains over time.<\/p>\n

The post Here\u2019s why the Hang Seng Index is missing the global stock market bull run<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s Hang Seng Index has become a major laggard in the global equities market as top constituent companies plunge. The index was trading at H$25,600 today, June 3, down by nearly 9% from its highest point this year. In contrast, its top peers have surged to a record high. In Taiwan, the TWSE index <\/p>\n","protected":false},"author":1,"featured_media":49585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49584","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=49584"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/49585"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=49584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=49584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=49584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}