Most Asian markets reversed early losses yesterday and oil continued its recent rally after China slashed the quarantine time for visitors, fuelling hope for a
Record Chinese Inflows Push Hong Kong Stock Index Past 30,000
Bloomberg 1/21/2021 Bloomberg News
(Bloomberg) Investors in mainland China are showing unprecedented interest in Hong Kong stocks, powering the city’s fastest rally for a new year in more than three decades.
Mainland traders have net purchased nearly $29 billion worth of Hong Kong shares in January alone, nearing a third what they bought in all of last year. Keyword searches and references for “Hong Kong stocks” on Tuesday reached 6.3 million on WeChat, China’s most popular instant-messaging tool, seven times the amount at the end of December, according to app data.