Hong Kong Stocks Soar to 22-Month High on Hopes of Further Stimulus Measures; Carote's Shares Surge 59% in Debut

MT Newswires Live10-02

Hong Kong stocks rallied for a sixth straight trading day, closing at a 22-month high, as investor optimism soared amid hopes of further stimulus measures from China.

The Hang Seng Index rose 6.2%, or 1,310.05 points, to finish Wednesday's trade at 22,443.73. The Hang Seng China Enterprises Index added 7.08%, or 531.48 points, to 8,041.27.

The index has seen a 23% boost in the past six trading days after China introduced policy measures aimed at stimulating its economy. The policies included 800 billion yuan of new financing facilities to buy shares and reduce borrowing costs and mortgage rates.

The surge experienced by the Hang Seng Index on Wednesday marks the largest increase in a single day since November 2022, according to a South China Morning Post report.

Contributing to the rise, e-commerce giant Alibaba (HKG:9988) gained over 4.6% at the day's close, with food delivery firm Meituan (HKG:3690) seeing a 15% boost.

The rally was further fueled by tech companies Tencent Holdings (HKG:0700) and Baidu (HKG:9888) rising 5.7% and 9.1%, respectively, with e-commerce operator JD.com's (HKG:9618) stock also surging 11%.

In corporate news, Carote (HKG:2549) made a strong trading debut on the Hong Kong bourse today, closing the day's trade at HK$9.2 per share, up 59% from its IPO price of HK$5.78 per share.

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/2472512145?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-02 17:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472512145","market":"us","top_or_hot":-1,"title":"Hong Kong Stocks Soar to 22-Month High on Hopes of Further Stimulus Measures; Carote's Shares Surge 59% in Debut","media":"MT Newswires Live","content":"<html><body><p> Hong Kong stocks rallied for a sixth straight trading day, closing at a 22-month high, as investor optimism soared amid hopes of further stimulus measures from China.</p><p>The Hang Seng Index rose 6.2%, or 1,310.05 points, to finish Wednesday's trade at 22,443.73. The Hang Seng China Enterprises Index added 7.08%, or 531.48 points, to 8,041.27.</p><p>The index has seen a 23% boost in the past six trading days after China introduced policy measures aimed at stimulating its economy. The policies included 800 billion yuan of new financing facilities to buy shares and reduce borrowing costs and mortgage rates.</p><p>The surge experienced by the Hang Seng Index on Wednesday marks the largest increase in a single day since November 2022, according to a South China Morning Post report.</p><p>Contributing to the rise, e-commerce giant Alibaba (HKG:9988) gained over 4.6% at the day's close, with food delivery firm Meituan (HKG:3690) seeing a 15% boost.</p><p>The rally was further fueled by tech companies Tencent Holdings (HKG:0700) and Baidu (HKG:9888) rising 5.7% and 9.1%, respectively, with e-commerce operator JD.com's (HKG:9618) stock also surging 11%.</p><p>In corporate news, Carote (HKG:2549) made a strong trading debut on the Hong Kong bourse today, closing the day's trade at HK$9.2 per share, up 59% from its IPO price of HK$5.78 per share.</p></body></html>","source":"mtnewswires_news","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 Soar to 22-Month High on Hopes of Further Stimulus Measures; Carote's Shares Surge 59% in Debut</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 Soar to 22-Month High on Hopes of Further Stimulus Measures; Carote's Shares Surge 59% in Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 17:32 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 rallied for a sixth straight trading day, closing at a 22-month high, as investor optimism soared amid hopes of further stimulus measures from China.The Hang Seng Index rose 6.2%, or ...</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":"LU1282649067.USD","symbol_name":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472512145","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472512145","pubTimestamp":1727861551,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong stocks rallied for a sixth straight trading day, closing at a 22-month high, as investor optimism soared amid hopes of further stimulus measures from China.The Hang Seng Index rose 6.2%, or ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80700":"腾讯控股-R","89618":"京东集团-SWR","89888":"百度集团-SWR","89988":"阿里巴巴-WR","513600":"恒生指数ETF","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","HSI":"恒生指数","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","09618":"京东集团-SW","IE00B8L5B284.USD":"BNY MELLON GLOBAL EMERGING MARKETS OPPORTUNITIES \"B\" (USD) INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU1046421795.USD":"富达环球科技A-ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0269904917.USD":"SCHRODER ISF GLOBAL EMERGING MARKET OPPORTUNITIES \"A\" (USD) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK1591":"就地过年概念","JD":"京东","BK1502":"双十一","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","BK1233":"餐馆","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","02549":"卡罗特","BK1517":"云办公","LU0359201612.USD":"贝莱德中国基金A2","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","IE00B067MR52.USD":"FSSA ASIAN EQUITY PLUS \"I\" (USD) ACC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4538":"云计算","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","BK4533":"AQR资本管理(全球第二大对冲基金)","00700":"腾讯控股","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00B97KM107.HKD":"FSSA ASIAN EQUITY PLUS \"I\" (HKD) ACC","BK1249":"综合零售","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","02833":"恒指ETF"},"translate_title":"港股因希望进一步刺激措施而飙升至22个月高位；Carote股价首次亮相飙升59%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80700":0.6,"89618":0.6,"89888":0.6,"89988":0.6,"513600":0.6,"02549":1,"HSI":0.9,"00700":0.7,"09618":0.7,"JD":0.6,"02833":0.6,"HHImain":0.6,"MCHmain":0.6},"content_text":"Hong Kong stocks rallied for a sixth straight trading day, closing at a 22-month high, as investor optimism soared amid hopes of further stimulus measures from China.The Hang Seng Index rose 6.2%, or 1,310.05 points, to finish Wednesday's trade at 22,443.73. The Hang Seng China Enterprises Index added 7.08%, or 531.48 points, to 8,041.27.The index has seen a 23% boost in the past six trading days after China introduced policy measures aimed at stimulating its economy. The policies included 800 billion yuan of new financing facilities to buy shares and reduce borrowing costs and mortgage rates.The surge experienced by the Hang Seng Index on Wednesday marks the largest increase in a single day since November 2022, according to a South China Morning Post report.Contributing to the rise, e-commerce giant Alibaba (HKG:9988) gained over 4.6% at the day's close, with food delivery firm Meituan (HKG:3690) seeing a 15% boost.The rally was further fueled by tech companies Tencent Holdings (HKG:0700) and Baidu (HKG:9888) rising 5.7% and 9.1%, respectively, with e-commerce operator JD.com's (HKG:9618) stock also surging 11%.In corporate news, Carote (HKG:2549) made a strong trading debut on the Hong Kong bourse today, closing the day's trade at HK$9.2 per share, up 59% from its IPO price of HK$5.78 per share.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.1","shortVersion":"4.29.1","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/2472512145"}