Hong Kong stocks rose for its best weekly performance since November 2022 as positive earnings from top-tier Chinese companies and supportive policy measures boosted investor confidence
Hong Kong stocks rise on optimism that the appetite for Chinese assets is returning as Beijing pledges support to markets and signs of an earnings recovery emerges.
Hong Kong stocks climbed for a second day as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.
Goldman says Chinese stocks may rise 40 per cent amid ‘more conducive trading environment’ in near term, while UBS raises ratings on Chinese and Hong Kong stocks to overweight.