Mainland developers recharge Hong Kong’s stock market rebound as Beijing takes another baby step to aid domestic home sales and delivery. Hedge funds bought back stocks last week, according to Goldman Sachs.
Stocks surrender an early rally as concerns about China’s recovery outlook overshadow hopes for a rebound in holiday spending. HSBC advances before its first-quarter report card later today.
Stocks extend a drop to the lowest level since March 28 as investors fret about valuations. Corporate earnings have been a disappointment, suggesting the market has run ahead of recovery momentum.
A sell-off in Anta Sports Products hurts the broader stock market. Official reports in Beijing point to a stronger recovery in China’s economy. Still, factory output and retail sales in March were mixed.