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Hong Kong stocks rally as some global funds turn bullish on Chinese tech leaders while Kuaishou, Xpeng, Swire gain on index bets

Local stocks jump for a third day as the Year of the Dragon lives up to its early promise. Some global hedge funds have turned bullish on Chinese tech leaders. Kuaishou, Xpeng, Swire Properties may join the Hang Seng Index at today’s review.

Cheap and cheaper: stock buy-backs approaching US$10 billion fail to stem losses in Hong Kong market

Hong Kong-listed companies have spent a combined HK$178 billion (US$22.7 billion) on stock buy-backs between January 2022 and mid-September this year, while the cheap market kept getting cheaper.

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