Timely response and adequate s

Timely response and adequate stimulus policy will shorten the recovery to 2024. Any further delay or lack or stimulus will further push the recovery to 2025/26 and even further to 2027. Chose your options if you're wise, you have an AI industry and Chip industry to catch up. You do not want to set yourself back 10 years.

Hong Kong Stocks in Firm Start Lifted by Tech Sector Ahead of JD.com Earnings, Caution Prevails over Lack of China Stimulus

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You do not want to set yourself back 10 years.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Timely response and adequate stimulus policy will shorten the recovery to 2024. Any further delay or lack or stimulus will further push the recovery to 2025/26 and even further to 2027. Chose your options if you're wise, you have an AI industry and Chip industry to catch up. You do not want to set yourself back 10 years.&nbsp;</p></body></html>","text":"Timely response and adequate stimulus policy will shorten the recovery to 2024. Any further delay or lack or stimulus will further push the recovery to 2025/26 and even further to 2027. Chose your options if you're wise, you have an AI industry and Chip industry to catch up. You do not want to set yourself back 10 years.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/281291405545656","repostId":1148328072,"repostType":2,"repost":{"id":"1148328072","pubTimestamp":1709694211,"share":"https://www.laohu8.com/m/news/1148328072?lang=&edition=full","pubTime":"2024-03-06 11:03","market":"hk","language":"en","title":"Hong Kong Stocks in Firm Start Lifted by Tech Sector Ahead of JD.com Earnings, Caution Prevails over Lack of China Stimulus","url":"https://stock-news.laohu8.com/highlight/detail?id=1148328072","media":"south china morning post","summary":"e-commerce giant JD.com’s posts early gains ahead of its earnings announcement amid expectations it probably recorded a sharply higher profit last quarterInvestors eye ongoing China’s annual parliamen","content":"<html><head></head><body><ul style=\"\"><li><p>e-commerce giant JD.com’s posts early gains ahead of its earnings announcement amid expectations it probably recorded a sharply higher profit last quarter</p></li></ul><ul style=\"\"><li><p>Investors eye ongoing China’s annual parliamentary meeting with policymakers from NDRC, MoF, PBOC and CSRC due to speak at a key press conference this afternoon</p></li></ul><p>Hong Kong stocks rose, led by the tech sector which was lifted by e-commerce giant JD.com’s sharp gains ahead of its earnings report, but sentiment was cautious as investors were disappointed by the lack of any major stimulus announcement at China’s annual parliamentary meeting.</p><p>The Hang Seng Index added 1.3 per cent to 16,369.67 as of 11.00am local time, after retreating 2.6 per cent on Tuesday. The Tech Index gained 2.5 per cent.</p><p>JD.com jumped 8 per cent to HK$89.35, before its earnings release later today and the consensus is it probably reported a 51 per cent profit jump last quarter to US$643 million. Rival Alibaba added 2.9 per cent to HK$71.7, Tencent gained 2.2 per cent to HK$274 while Baidu added 1.8 per cent to HK$97. HSBC added 1.2 per cent to HK$60.75 and China Merchants Bank strengthened 1.7 per cent to HK$29.95, leading gains in the banking sector.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdde8fd0e1d405295d7c806b7a3392f4\" tg-width=\"267\" tg-height=\"841\"/></p><p>Traders are now awaiting a key press conference this afternoon, where policymakers from National Development and Reform Commission, Ministry of Finance, People’s Bank of China and China Securities Regulatory Commission could provide details on the government’s plan to boost the economy.</p><p>Despite today’s gains, the Hang Seng Index still has retreated 1.5 per cent so far this month after surging 6.6 per cent in February. Lack of reform and clear strategies during the top legislative meeting to restore the trend growth of the economy have piled selling pressure on local stocks, according to Redmond Wong, chief China strategist at Saxo Markets.</p><p>“We flag the risk of a ‘policy-expectation’ mismatch, which, together with the likely tepid economic data for February, may trigger the stock market to pull back after the Two Sessions,” Pactric Pan, strategist at Daiwa Capital Markets, said in a note on Wednesday. More concrete measures are needed to address the economic challenges, he said.</p><p>Other key Asian markets also traded lower after the decline in the US markets. South Korea’s Kospi Index lost 0.6 per cent, Australia’s S&amp;P/ASX 200 dropped 0.2 per cent, and Japan’s Nikkie 225 lost 0.3 per cent.</p></body></html>","source":"lsy1600132093512","collect":0,"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 in Firm Start Lifted by Tech Sector Ahead of JD.com Earnings, Caution Prevails over Lack of China Stimulus</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; 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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 in Firm Start Lifted by Tech Sector Ahead of JD.com Earnings, Caution Prevails over Lack of China Stimulus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/markets/article/3254324/hong-kong-stocks-firm-start-lifted-tech-sector-ahead-jdcom-earnings-caution-prevails-over-lack-china><strong>south china morning post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>e-commerce giant JD.com’s posts early gains ahead of its earnings announcement amid expectations it probably recorded a sharply higher profit last quarterInvestors eye ongoing China’s annual ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3254324/hong-kong-stocks-firm-start-lifted-tech-sector-ahead-jdcom-earnings-caution-prevails-over-lack-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","09988":"阿里巴巴-SW","00700":"腾讯控股","HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/markets/article/3254324/hong-kong-stocks-firm-start-lifted-tech-sector-ahead-jdcom-earnings-caution-prevails-over-lack-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148328072","content_text":"e-commerce giant JD.com’s posts early gains ahead of its earnings announcement amid expectations it probably recorded a sharply higher profit last quarterInvestors eye ongoing China’s annual parliamentary meeting with policymakers from NDRC, MoF, PBOC and CSRC due to speak at a key press conference this afternoonHong Kong stocks rose, led by the tech sector which was lifted by e-commerce giant JD.com’s sharp gains ahead of its earnings report, but sentiment was cautious as investors were disappointed by the lack of any major stimulus announcement at China’s annual parliamentary meeting.The Hang Seng Index added 1.3 per cent to 16,369.67 as of 11.00am local time, after retreating 2.6 per cent on Tuesday. The Tech Index gained 2.5 per cent.JD.com jumped 8 per cent to HK$89.35, before its earnings release later today and the consensus is it probably reported a 51 per cent profit jump last quarter to US$643 million. Rival Alibaba added 2.9 per cent to HK$71.7, Tencent gained 2.2 per cent to HK$274 while Baidu added 1.8 per cent to HK$97. HSBC added 1.2 per cent to HK$60.75 and China Merchants Bank strengthened 1.7 per cent to HK$29.95, leading gains in the banking sector.Traders are now awaiting a key press conference this afternoon, where policymakers from National Development and Reform Commission, Ministry of Finance, People’s Bank of China and China Securities Regulatory Commission could provide details on the government’s plan to boost the economy.Despite today’s gains, the Hang Seng Index still has retreated 1.5 per cent so far this month after surging 6.6 per cent in February. Lack of reform and clear strategies during the top legislative meeting to restore the trend growth of the economy have piled selling pressure on local stocks, according to Redmond Wong, chief China strategist at Saxo Markets.“We flag the risk of a ‘policy-expectation’ mismatch, which, together with the likely tepid economic data for February, may trigger the stock market to pull back after the Two Sessions,” Pactric Pan, strategist at Daiwa Capital Markets, said in a note on Wednesday. More concrete measures are needed to address the economic challenges, he said.Other key Asian markets also traded lower after the decline in the US markets. South Korea’s Kospi Index lost 0.6 per cent, Australia’s S&P/ASX 200 dropped 0.2 per cent, and Japan’s Nikkie 225 lost 0.3 per cent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":265,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/281291405545656"}