Hong Kong Stocks Flat after Hitting 8-Month Highs as Mainland China Markets Reopen

7
Comment
Favorite

Hong Kong Stocks Flat after Hitting 8-Month Highs as Mainland China Markets Reopen

South China Morning Post05-06

Goldman Sachs, BNP Paribas and UBS are more upbeat on Chinese stocks after the State Council issued a blueprint last month to prop up the US$9 trillion stock marketHong Kong stocks were flat after ...

Source Link

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.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1104945828?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-06 11:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1104945828","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Flat after Hitting 8-Month Highs as Mainland China Markets Reopen","media":"South China Morning Post","content":"<div>\n<p>Goldman Sachs, BNP Paribas and UBS are more upbeat on Chinese stocks after the State Council issued a blueprint last month to prop up the US$9 trillion stock marketHong Kong stocks were flat after ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3261520/hong-kong-stocks-flat-after-hitting-eight-month-highs-mainland-china-markets-reopen?module=top_story&pgtype=subsection\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","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 Flat after Hitting 8-Month Highs as Mainland China Markets Reopen</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 Flat after Hitting 8-Month Highs as Mainland China Markets Reopen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-06 11:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/markets/article/3261520/hong-kong-stocks-flat-after-hitting-eight-month-highs-mainland-china-markets-reopen?module=top_story&pgtype=subsection><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs, BNP Paribas and UBS are more upbeat on Chinese stocks after the State Council issued a blueprint last month to prop up the US$9 trillion stock marketHong Kong stocks were flat after ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3261520/hong-kong-stocks-flat-after-hitting-eight-month-highs-mainland-china-markets-reopen?module=top_story&pgtype=subsection\">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":"HSI","symbol_name":"恒生指数","start_time":0,"source_url":"https://www.scmp.com/business/markets/article/3261520/hong-kong-stocks-flat-after-hitting-eight-month-highs-mainland-china-markets-reopen?module=top_story&pgtype=subsection","article_id":"1104945828","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104945828","pubTimestamp":1714965791,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Goldman Sachs, BNP Paribas and UBS are more upbeat on Chinese stocks after the State Council issued a blueprint last month to prop up the US$9 trillion stock marketHong Kong stocks were flat after hit","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSI":"恒生指数","02015":"理想汽车-W","00700":"腾讯控股"},"translate_title":"香港股市在触及8个月高点后持平，中国大陆市场重新开盘","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1.1,"02015":1.1,"HSI":1.1},"content_text":"Goldman Sachs, BNP Paribas and UBS are more upbeat on Chinese stocks after the State Council issued a blueprint last month to prop up the US$9 trillion stock marketHong Kong stocks were flat after hitting an eight-month high on Monday as mainland China traders returned from a five-day holiday break. The mood was upbeat as a slew of investment banks made positive calls on the world’s second largest stock market amid expectations of more policy support from Beijing.The Hang Seng Index was trading in a narrow band and was at 18,453.54 at 11:19, almost unchanged after hitting its highest since September 5. The Tech Index were unchanged.Tencent jumped 0.8 per cent to HK$367.40, gaming firm NetEase added 1.3 per cent to HK$159.10, while EV maker Li Auto surged 6.6 per cent to HK$118.30. Online travel agency Trip.com advanced 2.8 per cent to HK$413.80.Before today’s gain, the city’s benchmark index has advanced for nine trading days to register the longest winning streak since 2018 as China’s supportive policy stance and cheap valuations lured global investors. The rally brought the gains since the January low to over 20 per cent and pushed the local market into a bull market.“A rally in Hong Kong and Chinese stocks could continue in the near term” as a change in global markets narrative looks likely while Beijing rekindles hope for local markets, Nomura analysts including Chetan Seth said in a note on Monday. Still, a follow-through on policies is critical to sustain momentum, they added.Global investment banks Goldman Sachs, UBS and BNP have become more positive on stocks in China and foreign investors loaded up on Chinese stocks for a third straight month in April when China’s State Council, or cabinet, issued a nine-point guideline last month to prop up the US$9 trillion stock market.Other major Asian markets were mixed. The Nikkei 225 in Japan and the Kospi in South Korea declined by 0.1 to 0.2 per cent, while the S&P ASX 200 Index jumped by 0.6 per cent.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}