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Hong Kong stocks soar, technology stocks collectively explode! The heavyweight conference is underway, what other bullish news is there?
Hong Kong stocks have received multiple bullish news, with institutions being bullish about Chinese assets!
What is the market anticipating behind the surge in Hong Kong stocks?
On Wednesday, the China Securities Regulatory Commission released the 'Eight Measures for the Star Market.' Some analysts pointed out that the market expects more supportive policies to be introduced and expects bank reforms to increase shareholder returns. In addition, after the previous adjustment, Hong Kong stocks may have bottomed out, coupled with the expectation that the Federal Reserve will still cut interest rates this year, all of which provide soil for the rebound of Hong Kong stocks.
Hong Kong stocks soar | China Reform Holdings subscribes to the first batch of CSI Central State-Owned Enterprises Dividend Index ETF via the Hong Kong Stock Connect, causing Hang Seng Index to surge 500 points and Hang Seng Tech Index to rise over 3%.
Today, Hang Seng Index and Hang Seng Tech Index opened high and continued to rise in the afternoon, with further increase in gains. As of the time of publication, Hang Seng Index rose 490.79 points or 2.74%, to 18,406.34 points, with a turnover of HKD 90,663 million; Hang Seng Tech Index rose 3.18%, to 3,814.74 points.
Express News | Hong Kong's Hang Seng Tech Index Down 1.4%
Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term
0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say
Express News | Hong Kong's Hang Seng Tech Index up More Than 3%
103622312 : Will it go up tomorrow?
SpineeOP 103622312: If there are more catalysts
MrM 103622312: Next few weeks will be interesting. The most important meeting is in July. Should expect more and more positive announcements. They are going all in this time round.
Falling angel MrM: how can u tell?
MrM Falling angel: High probability. Just like I say this Shanghai forum will announce positive news, many doubters or bears still say it’s just a forum, telling people here not to overthink. See what happen today. I think some cover their short today with big losses.