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Hong Kong stocks rebound as investors build defensive bets while market awaits Tencent earnings report

Hang Seng Index rebounded from the biggest slide in three weeks as investors favoured defensive bets. Tencent’s earnings beat estimates in a report after the market close. ....

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Hong Kong stocks lose support from mainland buyers who snub cheap valuations, balk at regulatory risks

Hong Kong stocks are losing their lustre to mainland traders as the city’s biggest stocks suffer from regulatory policy overhang. Purchases by mainland funds have ebbed this month, a far cry from the euphoric opening weeks of 2021. ....

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Futu : added 273,000 net paying clients in 2021 Q1, reflects 7x growth YoY

Operational highlights of the unaudited financial results for the first quarter ended March 31, 2021:
Total revenue in the first quarter increased 349.4% year-over-year ( YoY ) to $283.6 million, achieving triple-digit growth for five consecutive quarters.
Non-GAAP adjusted net income
[1] was up 6.3 times YoY to $151.7 million.
The number of Futu users reached 14.2 million, an increase of 69.7% YoY; the number of registered clients reached 1,957,436, an increase of 140.2% YoY; the number of Futu s paying clients reached 789,652, an increase of 231.0% YoY.
During Q1, Futu s total trading volume soared 277.5% YoY to $289.0 billion.
PALO ALTO, Calif., May 19, 2021 /PRNewswire/ Futu Holdings Limited ( Futu or the Company ) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, announces its unaudited financial results for the first quarter ended March 31, 2021 ( Q1 ). ....

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Hong Kong Stocks Open With Strong Gains

Hong Kong stocks open with strong gains
Thu 29th April 2021 | 09:00 AM
Hong Kong, (UrduPoint / Pakistan Point News - 29th Apr, 2021 ) :Hong Kongstocks rallied out of the blocks Thursday morning following the Federal Reserve s upbeat outlook on the US economy and its pledge to stick to its ultra-low monetary policy despite rising inflation.
The Hang Seng Index jumped 0.68 percent, or 196.87 points, to 29,268.21.
The benchmark Shanghai Composite Index was marginally higher, inching up 1.01 points to 3,458.08, while the Shenzhen Composite Index on China s second exchange was barely moved, inching down 0.01 point to 2,300.93. ....

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Hong Kong stocks reach six-week high on Fed economic assessment as Apple to Samsung buoy tech sentiment

Stocks in Hong Kong and mainland China climbed on Thursday as the Federal Reserve delivered an upbeat assessment on the US economy and President Biden unveils a US$1.8 trillion social-support spending plan. ....

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