Hong Kong Stocks Flirt With Correction Before Alibaba, HKEX Earnings As Traders Lose Hopes on Faster Fed Downshift

South China Morning Post2023-02-23

Hong Kong stocks flirted with a correction amid expectations better corporate earnings from Alibaba Group Holding and other industry leaders will help justify gains from China reopening bets. Caution ...

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Comments

Penthon
2023-02-23
Penthon
Aibaba
valentia
2023-02-23
valentia
Time to rebound
JQC
2023-02-23
JQC
Ok
n86887
2023-02-23
n86887
Cool
来人
2023-02-23
来人
Ok

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Caution ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3211187/hong-kong-stocks-flirt-correction-alibaba-hkex-earnings-traders-lose-hopes-faster-fed-downshift?module=live&pgtype=homepage\">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":null,"symbol_name":null,"start_time":0,"source_url":"https://www.scmp.com/business/banking-finance/article/3211187/hong-kong-stocks-flirt-correction-alibaba-hkex-earnings-traders-lose-hopes-faster-fed-downshift?module=live&pgtype=homepage","article_id":"1184464665","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184464665","pubTimestamp":1677120217,"columns":[],"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks flirted with a correction amid expectations better corporate earnings from Alibaba ","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"由于交易员对美联储更快下调政策失去希望，港股在阿里巴巴-SW和港交所财报公布前可能出现回调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06862":0.9,"09988":0.9,"09999":0.9},"content_text":"Hong Kong stocks flirted with a correction amid expectations better corporate earnings from Alibaba Group Holding and other industry leaders will help justify gains from China reopening bets. Caution prevailed as traders bet on higher US rates to contain inflation.The Hang Seng Index climbed 0.1 per cent to 20,450.66 at 10.22am local time. The Tech Index jumped 1 per cent while the Shanghai Composite Index was little changed.Alibaba jumped 1.3 per cent to HK$94.20 while NetEase added 3 per cent to HK$137.70 and hotpot chain Haidilao added 1.5 per cent to HK$19.36. Smartphone maker Xiaomi added 0.2 per cent to HK$12.26 and bourse operator Hong Kong Exchanges and Clearing (HKEX) added 0.5 per cent to HK$329.Today’s advance helped the market skirt a 10 per cent technical correction for now. The Hang Seng Index has lost more than 9 per cent from the peak on January 27, contributing to a HK$320 billion (US$40.8 billion) sell-off in the broader market. 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