Hong Kong Stocks Rally to Begin the Week
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Hong Kong stocks rose 488 points (1.8%) to 27,051, rebounding from previous declines, driven by Wall Street's rally. Investors shifted focus to U.S. growth and potential Fed rate cuts, despite AI spending concerns. Hong Kong's forex reserves reached a three-year high. Gains were broad-based, particularly in financials, property, and tech, with caution ahead of upcoming CPI and PPI data. Notable performers included China Overseas Land (+3.7%) and Montage Technology, which surged 57% in its debut after raising HKD 7.04 billion.
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Source: Trading Economics The copyright of this article belongs to the original author/organization.
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