On September 24, Hong Kong’s stock market saw a major boost, with all three major indexes surging after Beijing announced a flurry of measures aimed at reviving the housing market after a prolonged downturn. the Hang Seng Index jumped 4.13% to 19,000 points, the Hang Seng Tech Index soared 5.88%, and the China Enterprises Index gained 5.09% on Tuesday.In the Hong Kong market, tech stocks performed exceptionally well. $BABA-W(09988)$ rose more than 6%, and $TENCENT(00700)$ climbed nearly 4% on Tuesday. Property stocks exploded, with $SUNAC(01918)$ rising 13%. Financial stocks also rallied, with brokers, insurers, and banks all posting gains.
Long China For Now? Join the Party or Not?
Chinese concept stocks in the U.S. saw widespread gains, influenced by positive policies. Are undervalued Hong Kong stocks finally seeing their chance to rise? How long can this rally last? Have your Chinese stocks returned to profit?
+ Follow
+11