Hong Kong Stocks Are on Their Longest Winning Streak Since 2018

Bloomberg05-03

Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.The benchmark Hang Seng Index rose as...

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}\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\">\nHong Kong Stocks Are on Their Longest Winning Streak Since 2018\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-03 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-05-03/hong-kong-stocks-are-on-their-longest-winning-streak-since-2018?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.The benchmark Hang Seng Index rose as...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-03/hong-kong-stocks-are-on-their-longest-winning-streak-since-2018?srnd=homepage-asia\">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":"HSI","symbol_name":"恒生指数","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-05-03/hong-kong-stocks-are-on-their-longest-winning-streak-since-2018?srnd=homepage-asia","article_id":"1159111463","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159111463","pubTimestamp":1714707000,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.The benchmark Hang Seng Index rose as","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"translate_title":"香港股市正处于2018年以来最长的连胜纪录","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1.1,"HSI":1.1,"HSTECH":1.1},"content_text":"Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.The benchmark Hang Seng Index rose as much as 2.2% on Friday, set for a ninth straight session of gains. Chinese technology giants Alibaba Group Holding Ltd and Tencent Holdings Ltd are among the top contributors to the advance.Benchmark gauges in Hong Kong have all entered into bull territory in recent weeks, with Chinese money and global funds lured by cheap valuations, Beijing’s supportive policy stance, and the city’s currency peg to the dollar. Investors have been rotating out of the US and Japan, where markets have rallied to records.“The strong performance in the past two weeks is probably attracting more fund inflows for fear of missing out,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “Even after the sharp rally, valuations for the China tech stocks are still well below historical average as well as when compared with global peers.”The buying spree has now pushed several of the city’s key gauges into overbought territory, a term technical analysts use to show moves may be excessive. The 14-day relative strength index for the Hang Seng Index and the Hang Seng China Enterprises index have all surpassed the 70 level often seen as indicating that the shares are overbought.Markets in China will resume trading on Monday, having been shut since Wednesday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":16,"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":"4.24.0","shortVersion":"4.24.0","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/1159111463"}