Hong Kong Shares Gain as Positive Sentiment Persists -- Market Talk

Dow Jones09-26

0153 GMT - Hong Kong shares are higher in early trade as investor sentiment remains buoyed by China's stimulus measures earlier this week. While the PBOC's planned reserve requirement ratio cut and liquidity injection are positive factors for the markets, a successful breakout from deflation and corporate earnings growth bottoming out are key for a sustainable rebound, analysts say. Consumer durable and tech stocks are leading the gains. Appliance makers Midea Group and Haier Smart Home add 2.4% and 1.4%, respectively. Alibaba gains 1.75% and Meituan is 1.8% higher. The benchmark Hang Seng Index is up 0.6% at 19241.05 and the Hang Seng Tech Index is 1.8% higher. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

September 25, 2024 21:53 ET (01:53 GMT)

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While the PBOC's planned reserve requirement ratio cut and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LU1282648689.USD","symbol_name":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2470424705","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470424705","pubTimestamp":1727315580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0153 GMT - Hong Kong shares are higher in early trade as investor sentiment remains buoyed by China's stimulus measures earlier this week. While the PBOC's planned reserve requirement ratio cut and liquidity injection are positive factors for the markets, a successful breakout from deflation and corporate earnings growth bottoming out are key for a sustainable rebound, analysts say. Consumer durable and tech stocks are leading the gains. Appliance makers Midea Group and Haier Smart Home add 2.4% and 1.4%, respectively. Alibaba gains 1.75% and Meituan is 1.8% higher. The benchmark Hang Seng Index is up 0.6% at 19241.05 and the Hang Seng Tech Index is 1.8% higher. 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