Stock Track | Hong Kong Tech ETF Soars as China Unleashes Market-Boosting Measures

Stock Track10-05

The HSTECH ETF, a bellwether tracking Hong Kong-listed technology stocks, soared 5.1% on Thursday, riding a wave of euphoria across Chinese equity markets fueled by Beijing's aggressive economic stimulus measures.

The surge followed a slew of policies unveiled by China on September 24th, including substantial interest rate cuts, fiscal support packages, and crucially, a groundbreaking swap program introduced by the People's Bank of China. This new facility grants funds, insurers, and brokers easier access to capital for trading stocks, providing a direct boost to equity market liquidity and sparking a frenzy of buying.

The impact was immediate and profound, with Chinese stocks logging their biggest single-day gains in over a decade on September 30th. Hong Kong's Hang Seng Index and the Hang Seng China Enterprises Index, which tracks major Chinese companies listed in the city, both climbed over 2% on October 4th, carrying the HSTECH ETF's tech constituents to new heights as investors cheered Beijing's efforts to shore up its ailing economy.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1139909468?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-05 09:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1139909468","market":"us","top_or_hot":-1,"title":"Stock Track | Hong Kong Tech ETF Soars as China Unleashes Market-Boosting Measures","media":"Stock Track","content":"<p>The HSTECH ETF, a bellwether tracking Hong Kong-listed technology stocks, soared 5.1% on Thursday, riding a wave of euphoria across Chinese equity markets fueled by Beijing's aggressive economic stimulus measures.</p>\n\n<p>The surge followed a slew of policies unveiled by China on September 24th, including substantial interest rate cuts, fiscal support packages, and crucially, a groundbreaking swap program introduced by the People's Bank of China. This new facility grants funds, insurers, and brokers easier access to capital for trading stocks, providing a direct boost to equity market liquidity and sparking a frenzy of buying.</p>\n\n<p>The impact was immediate and profound, with Chinese stocks logging their biggest single-day gains in over a decade on September 30th. Hong Kong's Hang Seng Index and the Hang Seng China Enterprises Index, which tracks major Chinese companies listed in the city, both climbed over 2% on October 4th, carrying the HSTECH ETF's tech constituents to new heights as investors cheered Beijing's efforts to shore up its ailing economy.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hong Kong Tech ETF Soars as China Unleashes Market-Boosting Measures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hong Kong Tech ETF Soars as China Unleashes Market-Boosting Measures\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-05 09:08 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The HSTECH ETF, a bellwether tracking Hong Kong-listed technology stocks, soared 5.1% on Thursday, riding a wave of euphoria across Chinese equity markets fueled by Beijing's aggressive economic ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03032","symbol_name":"恒生科技ETF","start_time":0,"source_url":"","article_id":"1139909468","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139909468","pubTimestamp":1728090528,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The HSTECH ETF, a bellwether tracking Hong Kong-listed technology stocks, soared 5.1% on Thursday, riding a wave of euphoria across Chinese equity markets fueled by Beijing's aggressive economic stimulus measures.The surge followed a slew of policies unveiled by China on September 24th, including substantial interest rate cuts, fiscal support packages, and crucially, a groundbreaking swap program introduced by the People's Bank of China. This new facility grants funds, insurers, and brokers easi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03032":"恒生科技ETF"},"translate_title":"随着中国推出提振市场的措施，香港科技ETF飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03032":1},"content_text":"The HSTECH ETF, a bellwether tracking Hong Kong-listed technology stocks, soared 5.1% on Thursday, riding a wave of euphoria across Chinese equity markets fueled by Beijing's aggressive economic stimulus measures.\nThe surge followed a slew of policies unveiled by China on September 24th, including substantial interest rate cuts, fiscal support packages, and crucially, a groundbreaking swap program introduced by the People's Bank of China. This new facility grants funds, insurers, and brokers easier access to capital for trading stocks, providing a direct boost to equity market liquidity and sparking a frenzy of buying.\nThe impact was immediate and profound, with Chinese stocks logging their biggest single-day gains in over a decade on September 30th. Hong Kong's Hang Seng Index and the Hang Seng China Enterprises Index, which tracks major Chinese companies listed in the city, both climbed over 2% on October 4th, carrying the HSTECH ETF's tech constituents to new heights as investors cheered Beijing's efforts to shore up its ailing economy.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1139909468"}