Hong Kong stocks are off to their best start since 2018 on China recovery hopes
Publishing timestamp: 2023-01-05 01:47:59
Summary
Hong Kong stocks kicked off 2023 with the biggest gains they've seen in the first trading session of the year since 2018. Property and technology stocks led the Hang Seng index, which rose more than 3% in Wednesday's session. Chinese regulators approved Ant Group's plan to more than double its registered capital, a sign of progress in resolving regulators' concerns. Chinese Finance Minister Liu Kun said there will be more fiscal policy support and Chinese investment bank Guotai Junan Securities said the Hang Seng Index may lead other major global stock indices in 2023.
Sentiment: POSITIVE
Tickers: BABA, 9999-HK, 700-HK, 2007-HK, 884-HK, .HSI, 9626-HK, 9618-HK, 9888-HK, 960-HK,
Keywords: jd.com inc, country garden holdings co ltd, hang seng index, alibaba group holding ltd, real estate, netease inc, inflation, economic events, cifi holdings (group) co ltd, bilibili inc, world economy, asia economy, economy, united states, china, longfor group holdings ltd, business news, tencent holdings ltd, technology, baidu inc,
Source: https://www.cnbc.com/2023/01/05/hong-kong-stocks-best-start-since-2018-on-china-recovery-hopes.html