Hong Kong stocks gained as property developers advanced on speculation the city’s government will remove more curbs this month to stem an industry slump, while HSBC jumped before its earnings report. China pledged to improve policy transparency while state-run funds have stepped up intervention. The Hang Seng Index rose for a second day, adding 2.3
Fund managers in Hong Kong appear to be baffled by the slump in Chinese stocks after the market’s worst start to a year since 2016. Some bearish investors wished they were wrong about the gloom. “We have met many investors in Hong Kong in the past weeks, and sentiment is poor,” Winnie Wu, head of
Hong Kong stocks jumped, snapping a seven-day slide, after mainland Chinese fund managers added to their purchases as the market reached the lowest level since November 2022 this week. Sentiment improved amid bullish trades in US and Asian equities. The Hang Seng Index added 1.4 per cent to 16,320.00 at 10.35am local time. The Tech
Hong Kong’s stock market ended the year on a miserable note, with some US$520 billion of value obliterated. To Singapore-based hedge fund manager Chua Soon Hock, this provides a “once-in-a-lifetime” opportunity to pick up the pieces. The market kicked off the year with a bang, with investors lapping up so-called “China reopening” stocks, soon after