Consequently any person acting on it does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by IG, a trading name of IG Australia Pty Ltd. Apart from signs of economic slowdown, the country’s extreme Covid-19 curbs and the lack of clarity on the end of regulatory crackdowns are the culprits to douse global investors’ enthusiasm. The broad-range selloff shows that global investors are escaping from Hong Kong's stock market, which used to be viewed as a golden opportunity to enjoy the Asian dragon’s explosive growth. Unfortunately, the woe for the Hong Kong listed stocks continues in the New Year: the index has evaporated over 34% from its recent high up to this week, the worst crash since 2008. The Hang Seng index was the 'worst-performer' during the calendar year of 2021, dropping by over 20% while most of the global index enjoyed double-digit growth. More importantly, the hope that China would follow the rest of the world to exit their 'zero-case' covid strategy has broken as the top authority has shown great determination in keeping the largest-populated nation virus-free. The new wave has raised concerns over the beleaguered global supply issues and threatened the country’s economic growth. As the world’s tech factory and China’s busiest ports, Shenzhen is home to the headquarters of the tech giants Huawei and Tencent and Foxconn, the major supplier for Apple’s iPhone. Shenzhen, one of the most developed cities with a 17.5 million population, became the largest Chinese city in lockdown since the pandemic started two years ago.
The new wave of Covid in China has affected over 50 million people across 27 provinces so far.
Hang Seng Tech marked a new all-time low.Ĭhina’s recent surge in COVID-19 cases has sent two of the country’s most developed cities and economic powerhouses, Shanghai and Shenzhen into half-lockdown. The Hang Seng index dived over 2% for the third straight day to breach its six-year-low level since March 2016. Retrieved 24 December 2017.The Heng Seng index is under the double whammy this week mounting pressure from global geopolitical tension increases and China’s new Covid wave weighed heavily on investor's sentiment. ^ Mercy, "Love (Can Make You Happy)" US Warner Bros.^ Mercy, "Love (Can Make You Happy)" US Sundi single release Retrieved May 7, 2015.^ "Love (Can Make You Happy)" song history Retrieved May 7, 2015.^ " Young Adult", RPM Weekly, Volume 11, No.^ " RPM 100", RPM Weekly, Volume 11, No.^ Mercy - Chart History - Adult Contemporary,.^ Mercy - Chart History - The Hot 100,.recording produced by Brad Shapiro and Steve Alaimo. The Sundi recording was produced by Mike Apsey and Ron Resler and the Warner Bros. Since Sigler never signed with Sundi, the record label was sued and the original album was banned from distribution. Records where they recorded a sound-a-like version of the single and released the album, Love Can Make You Happy. Sigler, who ended up not being drafted, signed the group to Warner Bros.
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Sundi Records quickly released the album Love (Can Make You Happy) that included the song plus other cover songs that were not recorded by any of the original group. The song was originally released on Sundi Records, but as the single climbed up the charts, the group's lead singer, Sigler, faced being drafted. The song was ranked #42 on Billboard magazine's Top Hot 100 songs of 1969. Outside the US, the song also reached #2 on Canada's RPM 100, and #1 on RPM 's Adult Contemporary chart. On other US charts, the song also peaked at #2 on Billboard 's Easy Listening chart in 1969. It reached #2 on the Billboard Hot 100, where " Get Back" by The Beatles kept it from the #1 spot. " Love (Can Make You Happy)" is a song written by Jack Sigler, Jr. 1969 single by Mercy "Love (Can Make You Happy)"īrad Shapiro, Steve Alaimo (Warner Bros.)
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