Hong Kong Stocks Gain Momentum Ahead of Meeting

BrianTycangco鄭彥渊
10-29

Hong Kong's Hang Seng Index adds 0.79% today and building some positive momentum on the back of next week's meeting. More #stimulus announcements expected. Nobody wants to take any big bets for or against at this point, as even short-selling turnover is light.

EV names are moving higher as China-EU negotiations continue re tariffs and pricing. This could surprise to the upside. $XPENG-W(09868)$ $NIO-SW(09866)$ $LI AUTO-W(02015)$ $BYD COMPANY(01211)$

$BILIBILI-W(09626)$ up 5.2% on anticipation of better than expected 3Q24 results.

$BABA-W(09988)$ broke out of its descending wedge pattern. Closed at a 2.1% premium to the ADR shares.

$KraneShares CSI China Internet ETF(KWEB)$ $KraneShares Hang Seng TECH Index ETF(KTEC)$ $Direxion Daily CSI China Internet Index Bull 2x Shares(CWEB)$

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