Alibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks

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Alibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks

South China Morning Post2023-06-15

Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more ...

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hphoa
·2023-06-15
Wait for baba to chiong
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BoonHuat
·2023-06-15
Nice!
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Prices advanced even as the Federal Reserve left the room for more ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage\">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>Alibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks</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\">\nAlibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-15 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage\">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":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage","article_id":"1164846113","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164846113","pubTimestamp":1686797765,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the e","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","09988":"阿里巴巴-SW"},"translate_title":"阿里巴巴-SW、腾讯控股推动港股创下两周以来最佳涨幅","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"09988":0.9},"content_text":"Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more rate hikes, after hitting the pause button at its June meeting.The Hang Seng Index advanced 0.9 per cent to 19,578.32 at 10.16am local time, taking the benchmark to the highest level since May 22. The Tech Index strengthened 1.8 per cent, while the Shanghai Composite Index gained 0.1 per cent.Tencent Holdings gained 1.9 per cent to HK$352, Alibaba Group surged 2.8 per cent to HK$87.50 and JD.com gained 2.6 per cent to HK$151.40. BYD climbed 3.9 per cent to HK$269 while Xpeng added 1.2 per cent to HK$42.10. Developer China Resources Land rallied 3.3 per cent to HK$34.3o and peer Sun Hung Kai Properties added 0.1 per cent to HK$101.30.China’s central bank today cut the one-year medium-term lending facility rate to 2.65 per cent from 2.75 per cent, in line with forecasts tracked by Bloomberg. The cut is the first since July 2022, before more government reports today signalling further slowdown in the economy.“Expectations are building at additional stimulus will come from Beijing,” Tai Hui, Asia-Pacific chief market strategist at JPMorgan Asset Management, said in a report before the central bank move. “This could be the much needed catalyst for the Chinese market to overcome a disappointing first half.”Industrial production rose 3.5 per cent in May from a year earlier, slowing from a 5.6 per cent pace in April, the statistics bureau said on Thursday, matching expectations. Retail sales grew 12.7 per cent, versus 18.4 per cent in April, slower than forecasts.The central bank lowered the seven-day reverse repurchase rate earlier this week by 10 basis points and injected 2 billion yuan of liquidity into the system, mirroring the step in August last year. Some analysts and fund managers are worried the slow and targeted easing measures would be too little too late to overcome the pessimism about the growth outlook and stock returns.Elsewhere, the Fed kept its target rate at 5 per cent to 5.25 per cent in its policy decision overnight, halting 10 successive hikes since the lift-off in March 2022. Nearly all of the rate-setting committee members expected some increases from as soon as next month, a message that sent US equities tumbling.One stock debuted on Thursday. Finework Hunan New Energy Tech fell 2.8 per cent to 70.50 yuan in Shenzhen.Major Asian stocks were mixed. 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Prices advanced even as the Federal Reserve left the room for more rate hikes, after hitting the pause button at its June meeting.</p><p>The Hang Seng Index advanced 0.9 per cent to 19,578.32 at 10.16am local time, taking the benchmark to the highest level since May 22. The Tech Index strengthened 1.8 per cent, while the Shanghai Composite Index gained 0.1 per cent.</p><p>Tencent Holdings gained 1.9 per cent to HK$352, Alibaba Group surged 2.8 per cent to HK$87.50 and JD.com gained 2.6 per cent to HK$151.40. BYD climbed 3.9 per cent to HK$269 while Xpeng added 1.2 per cent to HK$42.10. Developer China Resources Land rallied 3.3 per cent to HK$34.3o and peer Sun Hung Kai Properties added 0.1 per cent to HK$101.30.</p><p>China’s central bank today cut the one-year medium-term lending facility rate to 2.65 per cent from 2.75 per cent, in line with forecasts tracked by Bloomberg. The cut is the first since July 2022, before more government reports today signalling further slowdown in the economy.</p><p>“Expectations are building at additional stimulus will come from Beijing,” Tai Hui, Asia-Pacific chief market strategist at JPMorgan Asset Management, said in a report before the central bank move. “This could be the much needed catalyst for the Chinese market to overcome a disappointing first half.”</p><p>Industrial production rose 3.5 per cent in May from a year earlier, slowing from a 5.6 per cent pace in April, the statistics bureau said on Thursday, matching expectations. Retail sales grew 12.7 per cent, versus 18.4 per cent in April, slower than forecasts.</p><p>The central bank lowered the seven-day reverse repurchase rate earlier this week by 10 basis points and injected 2 billion yuan of liquidity into the system, mirroring the step in August last year. Some analysts and fund managers are worried the slow and targeted easing measures would be too little too late to overcome the pessimism about the growth outlook and stock returns.</p><p>Elsewhere, the Fed kept its target rate at 5 per cent to 5.25 per cent in its policy decision overnight, halting 10 successive hikes since the lift-off in March 2022. Nearly all of the rate-setting committee members expected some increases from as soon as next month, a message that sent US equities tumbling.</p><p>One stock debuted on Thursday. Finework Hunan New Energy Tech fell 2.8 per cent to 70.50 yuan in Shenzhen.</p><p>Major Asian stocks were mixed. The Nikkei 225 in Japan added 0.2 per cent and the S&amp;P/ASX 200 in Australia gained 0.2 per cent, while the Kospi in South Korea lost 0.5 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>Alibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks</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\">\nAlibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-15 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","09988":"阿里巴巴-SW"},"source_url":"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164846113","content_text":"Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more rate hikes, after hitting the pause button at its June meeting.The Hang Seng Index advanced 0.9 per cent to 19,578.32 at 10.16am local time, taking the benchmark to the highest level since May 22. The Tech Index strengthened 1.8 per cent, while the Shanghai Composite Index gained 0.1 per cent.Tencent Holdings gained 1.9 per cent to HK$352, Alibaba Group surged 2.8 per cent to HK$87.50 and JD.com gained 2.6 per cent to HK$151.40. BYD climbed 3.9 per cent to HK$269 while Xpeng added 1.2 per cent to HK$42.10. Developer China Resources Land rallied 3.3 per cent to HK$34.3o and peer Sun Hung Kai Properties added 0.1 per cent to HK$101.30.China’s central bank today cut the one-year medium-term lending facility rate to 2.65 per cent from 2.75 per cent, in line with forecasts tracked by Bloomberg. The cut is the first since July 2022, before more government reports today signalling further slowdown in the economy.“Expectations are building at additional stimulus will come from Beijing,” Tai Hui, Asia-Pacific chief market strategist at JPMorgan Asset Management, said in a report before the central bank move. “This could be the much needed catalyst for the Chinese market to overcome a disappointing first half.”Industrial production rose 3.5 per cent in May from a year earlier, slowing from a 5.6 per cent pace in April, the statistics bureau said on Thursday, matching expectations. Retail sales grew 12.7 per cent, versus 18.4 per cent in April, slower than forecasts.The central bank lowered the seven-day reverse repurchase rate earlier this week by 10 basis points and injected 2 billion yuan of liquidity into the system, mirroring the step in August last year. Some analysts and fund managers are worried the slow and targeted easing measures would be too little too late to overcome the pessimism about the growth outlook and stock returns.Elsewhere, the Fed kept its target rate at 5 per cent to 5.25 per cent in its policy decision overnight, halting 10 successive hikes since the lift-off in March 2022. Nearly all of the rate-setting committee members expected some increases from as soon as next month, a message that sent US equities tumbling.One stock debuted on Thursday. Finework Hunan New Energy Tech fell 2.8 per cent to 70.50 yuan in Shenzhen.Major Asian stocks were mixed. The Nikkei 225 in Japan added 0.2 per cent and the S&P/ASX 200 in Australia gained 0.2 per cent, while the Kospi in South Korea lost 0.5 per cent.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187486723936520,"gmtCreate":1686800753218,"gmtModify":1686800756658,"author":{"id":"3574549633778650","authorId":"3574549633778650","name":"BoonHuat","avatar":"https://static.tigerbbs.com/f64154b666040668c472fc3731becde7","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187486723936520","repostId":1164846113,"repostType":2,"repost":{"id":"1164846113","pubTimestamp":1686797765,"share":"https://www.laohu8.com/m/news/1164846113?lang=&edition=full","pubTime":"2023-06-15 10:56","market":"hk","language":"en","title":"Alibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1164846113","media":"South China Morning Post","summary":"Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the e","content":"<html><head></head><body><p>Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more rate hikes, after hitting the pause button at its June meeting.</p><p>The Hang Seng Index advanced 0.9 per cent to 19,578.32 at 10.16am local time, taking the benchmark to the highest level since May 22. The Tech Index strengthened 1.8 per cent, while the Shanghai Composite Index gained 0.1 per cent.</p><p>Tencent Holdings gained 1.9 per cent to HK$352, Alibaba Group surged 2.8 per cent to HK$87.50 and JD.com gained 2.6 per cent to HK$151.40. BYD climbed 3.9 per cent to HK$269 while Xpeng added 1.2 per cent to HK$42.10. Developer China Resources Land rallied 3.3 per cent to HK$34.3o and peer Sun Hung Kai Properties added 0.1 per cent to HK$101.30.</p><p>China’s central bank today cut the one-year medium-term lending facility rate to 2.65 per cent from 2.75 per cent, in line with forecasts tracked by Bloomberg. The cut is the first since July 2022, before more government reports today signalling further slowdown in the economy.</p><p>“Expectations are building at additional stimulus will come from Beijing,” Tai Hui, Asia-Pacific chief market strategist at JPMorgan Asset Management, said in a report before the central bank move. “This could be the much needed catalyst for the Chinese market to overcome a disappointing first half.”</p><p>Industrial production rose 3.5 per cent in May from a year earlier, slowing from a 5.6 per cent pace in April, the statistics bureau said on Thursday, matching expectations. Retail sales grew 12.7 per cent, versus 18.4 per cent in April, slower than forecasts.</p><p>The central bank lowered the seven-day reverse repurchase rate earlier this week by 10 basis points and injected 2 billion yuan of liquidity into the system, mirroring the step in August last year. Some analysts and fund managers are worried the slow and targeted easing measures would be too little too late to overcome the pessimism about the growth outlook and stock returns.</p><p>Elsewhere, the Fed kept its target rate at 5 per cent to 5.25 per cent in its policy decision overnight, halting 10 successive hikes since the lift-off in March 2022. Nearly all of the rate-setting committee members expected some increases from as soon as next month, a message that sent US equities tumbling.</p><p>One stock debuted on Thursday. Finework Hunan New Energy Tech fell 2.8 per cent to 70.50 yuan in Shenzhen.</p><p>Major Asian stocks were mixed. The Nikkei 225 in Japan added 0.2 per cent and the S&amp;P/ASX 200 in Australia gained 0.2 per cent, while the Kospi in South Korea lost 0.5 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>Alibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks</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\">\nAlibaba, Tencent Drive Hong Kong Stocks to Best Gain in 2 Weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-15 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","09988":"阿里巴巴-SW"},"source_url":"https://www.scmp.com/business/banking-finance/article/3224122/hong-kong-stocks-jump-most-2-weeks-china-cuts-rates-fed-hits-pause-button-assess-policy-impact?module=live&pgtype=homepage","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164846113","content_text":"Hong Kong stocks jumped by the most in two weeks after China cut borrowing costs to rejuvenate the economy as economists predicted. Prices advanced even as the Federal Reserve left the room for more rate hikes, after hitting the pause button at its June meeting.The Hang Seng Index advanced 0.9 per cent to 19,578.32 at 10.16am local time, taking the benchmark to the highest level since May 22. The Tech Index strengthened 1.8 per cent, while the Shanghai Composite Index gained 0.1 per cent.Tencent Holdings gained 1.9 per cent to HK$352, Alibaba Group surged 2.8 per cent to HK$87.50 and JD.com gained 2.6 per cent to HK$151.40. BYD climbed 3.9 per cent to HK$269 while Xpeng added 1.2 per cent to HK$42.10. Developer China Resources Land rallied 3.3 per cent to HK$34.3o and peer Sun Hung Kai Properties added 0.1 per cent to HK$101.30.China’s central bank today cut the one-year medium-term lending facility rate to 2.65 per cent from 2.75 per cent, in line with forecasts tracked by Bloomberg. The cut is the first since July 2022, before more government reports today signalling further slowdown in the economy.“Expectations are building at additional stimulus will come from Beijing,” Tai Hui, Asia-Pacific chief market strategist at JPMorgan Asset Management, said in a report before the central bank move. “This could be the much needed catalyst for the Chinese market to overcome a disappointing first half.”Industrial production rose 3.5 per cent in May from a year earlier, slowing from a 5.6 per cent pace in April, the statistics bureau said on Thursday, matching expectations. Retail sales grew 12.7 per cent, versus 18.4 per cent in April, slower than forecasts.The central bank lowered the seven-day reverse repurchase rate earlier this week by 10 basis points and injected 2 billion yuan of liquidity into the system, mirroring the step in August last year. Some analysts and fund managers are worried the slow and targeted easing measures would be too little too late to overcome the pessimism about the growth outlook and stock returns.Elsewhere, the Fed kept its target rate at 5 per cent to 5.25 per cent in its policy decision overnight, halting 10 successive hikes since the lift-off in March 2022. Nearly all of the rate-setting committee members expected some increases from as soon as next month, a message that sent US equities tumbling.One stock debuted on Thursday. Finework Hunan New Energy Tech fell 2.8 per cent to 70.50 yuan in Shenzhen.Major Asian stocks were mixed. The Nikkei 225 in Japan added 0.2 per cent and the S&P/ASX 200 in Australia gained 0.2 per cent, while the Kospi in South Korea lost 0.5 per cent.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":26,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}