HSBC Holdings (HSBA)

Sector:

Banking

Index:

FTSE 100

619.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 659.00
  • 52 Week Low: 549.70
  • Currency: UK Pounds
  • Shares Issued: 18,964m
  • Volume: 18,531,649
  • Market Cap: £117,385m
  • RiskGrade: 167

Chinese exports continue to decline in February

By Alexander Bueso

Date: Tuesday 07 Mar 2023

LONDON (ShareCast) - (Sharecast News) - China's foreign trade surplus over the first two months of 2023 was larger than expected as the economy reopened and exports rebounded, while import growth lagged behind.
According to the country's customs administration, the year-to-date trade surplus came in at $116.9bn in February (consensus: $82.5bn).

Exports shrank at a year-on-year rate of 6.8% (consensus: -9.0%), while imports were down by 10.2% (consensus: -5.5%).

The country's exports to other members of the Association of Southeast Asian Nations expanded by 17.9% ytd in yuan terms, even as those to the US dropped by 15.2% and those to the European Union by 5%.

Automobile exports were strongest, jumping by 78.9% ytd as order backlogs were run down.

Overseas sales of products including clothing, textiles and plastic were "lacklustre", said Duncan Wrigley, chief China+ economist at Pantheon Macroeconomics, pointing to soft global demand.

According to Wrigley, Chinese exports were likely to keep falling, even if at a more moderate clip, over the first half of 2023.

The economist pointed to the latest South Korean export numbers to back up his claim, saying that they pointed to "sustained weak" global demand, although the downturn in certain key markets appeared to be softening.

Chinese imports meanwhile were expected to see a moderate pick-up as the economy reopened.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSBC Market Data

Currency UK Pounds
Share Price 619.00p
Change Today 4.00p
% Change 0.65 %
52 Week High 659.00
52 Week Low 549.70
Volume 18,531,649
Shares Issued 18,964m
Market Cap £117,385m
RiskGrade 167

HSBC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.39% above the market average93.39% above the market average93.39% above the market average93.39% above the market average93.39% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Price Trend
46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Income
95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
62.15% above the market average62.15% above the market average62.15% above the market average62.15% above the market average62.15% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 4
Sell 3
Strong Sell 0
Total 17
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HSBC Dividends

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Ex-Div 07-Mar-24 09-Nov-23
Paid 25-Apr-24 21-Dec-23
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