Hong Kong stocks are off to their best start since 2018 on China recovery hopes

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Property and technology stocks continued to lift the Hang Seng index, which rose more than 3% in Wednesday's session.

Shoppers purchase festive sweets ahead of Lunar New Year at a street stall in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty ImagesThe government will work on expanding and improving the "effectiveness of the proactive fiscal policy to cope with multiple challenges ahead," the minister was quoted as saying.

Chinese investment bank Guotai Junan Securities said the performance of Hong Kong stocks will affect the wider global market. "The Hang Seng Index may lead other major global stock indices in 2023, with around 30% expected return," analysts at the firm said in a Wednesday note. "The index valuation may see further rerates, and we expect the HSI to recover to its previous level before Jun. 2022," they said in the note.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong Stock Exchange Woos Global Companies After Expanding China LinkHong Kong is making a pitch to multinational companies to list in its stock market, despite heightened tensions between China and the West.
Source: WSJ - 🏆 98. / 63 Read more »

South Korea to require COVID tests for Hong Kong, Macau travellersSouth Korea's health authorities said on Tuesday it will impose mandatory COVID-19 tests on travellers from Hong Kong and Macau, after Beijing's decision to lift stringent zero-COVID policies. Only hong kong? Warrabout China🤷🏽‍♂️ China COVID-19 patients had 'white lung' symptoms, indicate that it's not Omicron.
Source: Reuters - 🏆 2. / 97 Read more »

Tender sale of Evergrande's Hong Kong headquarters fails again -sourcesA tender for the sale of embattled China Evergrande Group's headquarters in Hong Kong has lapsed again, two sources with knowledge of the matter said on Tuesday, because the offer prices and terms fell short of requirements.
Source: Reuters - 🏆 2. / 97 Read more »

Lenders fail to sell Evergrande's Hong Kong headquarters by tender - sourcesThe tender sale of embattled China Evergrande Group's Hong Kong headquarters has lapsed again, two sources with knowledge said, because the offer prices and terms did not meet requirements. How ironic 😆😆😆 😂
Source: Reuters - 🏆 2. / 97 Read more »

Local Films Drive Remarkable Hong Kong Box Office Rebound in Late 2022A succession of locally-made hit films released in the second half of the year helped the cinema box office in Hong Kong to stage a remarkable comeback in 2022. Aggregate box office for the year wa…
Source: Variety - 🏆 108. / 63 Read more »

Are Buildings in Hong Kong Designed with Holes Known as 'Dragon Gates'?✅ True. Buildings in Hong Kong are designed with 'dragon gates' in accordance with feng shui. Communism
Source: snopes - 🏆 228. / 63 Read more »