Hong Kong Shares Fall as Tech, Consumer Products Sectors Weigh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Source: WSJ
Hong Kong Market Update: Hong Kong shares are declining, primarily due to losses in tech and consumer product stocks, with the Hang Seng Index down 0.8%. Investors are awaiting key government meetings for future market direction.
Japanese Market Update: Japanese stocks are also lower, influenced by declines in electronics amid concerns over U.S. trade policy, with the Nikkei Stock Average down 0.4%. The yen's movements and geopolitical developments are being closely monitored.
Analyst Views on ASX
Wall Street analysts forecast ASX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASX is 24.35 USD with a low forecast of 17.00 USD and a high forecast of 36.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 19.060
Low
17.00
Averages
24.35
High
36.75
Current: 19.060
Low
17.00
Averages
24.35
High
36.75
About ASX
ASE Technology Holding Co Ltd is a Taiwan-based company that mainly invests in packaging services, testing services, electronic product assembly technology and manufacturing services. The investment business includes general investment business projects. The packaging and testing business provides integrated circuit (IC) services, including packaging and module design, IC packaging, multi-chip packaging, micro and hybrid modules, memory packaging, front-end testing, wafer probe testing, finished product testing, substrate design, and manufacturing. The electronic manufacturing service business mainly provides a series of professional services such as development and design, material procurement, production and manufacturing, logistics, maintenance and other after-sales services for domestic and foreign brand manufacturers in the fields of communications, consumer electronics, computers, storage industrial, automotive electronics and other types of electronic products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
