Technical factors, like the unwinding of the ‘Asia ex-China’ trade, seem to be driving Hong Kong’s stock rally, as opposed to underlying fundamentals. In the longer run, the narrative around China’s economy and markets has to brighten considerably if Hong Kong stocks are to continue their recovery.
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SHANGHAI, May 29 (Reuters) - China stocks fell on
Monday, hovering near their lowest level for the year so far,
after data showed profits at the country's industrial firms
slumped in the first four months of 2023. . | 12:41am
SHANGHAI, May 29 (Reuters) - China stocks fell on
Monday, hovering near their lowest level for the year so far,
after data showed profit at the country's industrial firms
slumped in the first four months of 2023. . | 04:23am