Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes

MT Newswires Live07-22

Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes Hong Kong Stocks closed in the green on Monday after the rate cut from China's ...

Source Link

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/2453444756?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-22 16:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2453444756","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes","media":"MT Newswires Live","content":"<div>\n<p>Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes Hong Kong Stocks closed in the green on Monday after the rate cut from China's ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n","source":"mtnewswires_live","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>Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes</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\">\nHong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes Hong Kong Stocks closed in the green on Monday after the rate cut from China's ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">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":"01351","symbol_name":"辉煌明天","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2453444756","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453444756","pubTimestamp":1721638501,"columns":[],"sourceInfo":{"source_id":"mtnewswires_live","name":"MT Newswires Live"},"weMediaInfo":null,"summary":"Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking For","collect":0,"end_time":0,"defaultTopTitle":"mtnewswires.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"513600":"恒生指数ETF","01351":"辉煌明天","HSI":"恒生指数","BK1557":"家电股","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","BK1191":"制药","01011":"泰凌医药","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","NHLD":"National Holdings Corporation","LU2279701549.SGD":"JPMorgan Funds - Emerging Markets Sustainable Equity A (acc) SGD","FUTR.UK":"FUTURE","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","02199":"维珍妮","BK4202":"服装、服饰与奢侈品","HSCEI":"国企指数","BK1214":"家用电器","06690":"海尔智家","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","BK1590":"短视频概念股","PBOC":"PGIM US Large-Cap Buffer 20 ETF - October","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","FORD":"福沃德工业","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","BK1227":"服装、服饰与奢侈品","BK1607":"新IT概念","LU0890818403.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD-H","ISBC":"投资者银行","CFA.SI":"NikkoAM-STC Asia REIT","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","HBCP":"Home合众银行","BK4211":"区域性银行","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","BK5004":"出版","BK4195":"互助储蓄与抵押信贷金融服务","02833":"恒指ETF","BK1137":"广告"},"translate_title":"央行降息后港股周一收绿投资者期待更多变化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"513600":0.6,"FUTR.UK":1,"PBOC":1,"NHLD":1,"ISBC":1,"HSCEI":1,"HBCP":1,"01011":1,"FORD":1,"CFA.SI":1,"01351":1,"02199":1,"06690":1,"HSI":0.9,"02833":0.6,"MCHmain":0.6,"HHImain":0.6},"content_text":"Hong Kong Stocks Close in Green on Monday Following Rate Cuts by Central Bank, Investors Looking Forward to More Changes Hong Kong Stocks closed in the green on Monday after the rate cut from China's central bank boosted hopes for better economic momentum going forward.At the same time, US President Joe Biden's stepping out of the presidential race has edged up Wall Street futures while the yields have lowered, making investors cautious.Investors are looking forward to any other steps taken by the Chinese government as well as hopes of the US rate cuts as the US inflation data seems to solidify its chances to happen.The Hang Seng Index rose by 1.25%, or 218.20 points, to close Monday's session at 17,635.88. The Hang Seng China Enterprises Index rose by 1.44%, or 88.90 points, to close at 6,253.94.On the economic front, the conclusion of China's third plenum revealed the communique with a wider scope compared to the one from the 2013 third plenum, covering reforms for fiscal and tax, finance, foreign trade, foreign investment, and land with a deadline set to 2029, ANZ Research said in a note released on Friday.The People's Bank of China lowered its benchmark lending rates and the short-term policy interest rate on Monday in a bid to enhance economic growth. The central bank slashed the one-year loan prime rate to 3.35% from 3.45% and the five-year loan prime rate to 3.85% from 3.95%, according to a notice by the PBOC on the same day.China's electricity consumption rose 5.8% over the year to 820.5 billion kilowatt-hours (kWh) in June, Xinhua reported, citing data from the National Energy Administration's data. In the first half of this year, the country's power use climbed 8.1% to nearly 4.66 trillion kWh. China's gross domestic product grew 5% year on year to around 61.68 trillion yuan in the first half.In corporate news, Bright Future Technology Holdings (HKG:1351) is planning to buy back a total of HK$20 million worth of shares. The shares will be bought back in the market under the company's share award scheme and its repurchase mandate granted at the 2024 annual general meeting. The company's shares were up over 10% on Monday's close.China NT Pharma Group (HKG:1011) (HKG:2199) subsidiary Green-Life Technology (Hong Kong) terminated its acquisition agreement with licensor Abcentra. Both parties could not agree on the delays in the research and development and timetable of the agreement, as well as China NT Pharma's shift in focus to bone health, hence the termination. The company's shares were down over 10% on Monday's close.Haier Smart Home (HKG:6690) purchased the entire stake in Electrolux South Africa Proprietary from Electrolux Group for 2.45 billion South African rand or about 980 million yuan. The company's shares were up over 1% on Monday's close.","kind":"live","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","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/2453444756"}