Hong Kong Stocks Hold Near 11-Month High As Lunar Holiday Spending Seen Aiding China’s Recovery Momentum

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Hong Kong Stocks Hold Near 11-Month High As Lunar Holiday Spending Seen Aiding China’s Recovery Momentum

South China Morning Post2023-01-27

The Hang Seng Index has gained 2.5 per cent in this holiday-shortened week as traders continue to be inspired by China’s recovery momentumHong Kong’s equity market has recouped US$487 billion in ...

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Seah CL
·2023-01-28
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Miker9110
·2023-01-27
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blessed_1
·2023-01-27
Ok
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MrHuattt
·2023-01-27
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MrHuattt
·2023-01-27
Okay
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- MrHuattt:
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  2023-01-27
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kong1509
·2023-01-27
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YueShan
·2023-01-27
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TeslaLegend
·2023-01-27
Nice
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nsk
·2023-01-27
Yes
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Ilovecats
·2023-01-27
Nice! [Cool]
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LEngLEng
·2023-01-27
Good CNY rally [Happy]
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Photo: Sam TsangHong Kongstocks advanced, extending a rally toward an 11-month high as red-hot holiday spending in mainland China fuelled expectations the nation’s post-zero Covid economic recovery is gaining strength.The Hang Seng Index added 0.1 per cent to 22,582.21 as of 10.55 am local time, the highest since March 1. The Tech Index added 0.6 per cent. Onshore financial markets will only reopen on Monday after a week-long Lunar New Year holiday.Tencent Holdings jumped 1.2 per cent to HK$411.80, Baidu gained 1.6 per cent to HK$136.6 and Trip.com rose 0.5 per cent to HK$312.2. Developer Longfor rose 2 per cent to HK$27.60 while sportswear manufacturer Li Ning gained 1.2 per cent to HK$80.70.Bookings for hotels, flights and attractions at home and abroad surged during the Lunar holiday season to their highest in three years, the Shanghai Securities Journal reported on Friday. 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[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952501240","repostId":1197449245,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952277446,"gmtCreate":1674789480386,"gmtModify":1676538958800,"author":{"id":"3569379973417395","authorId":"3569379973417395","name":"LEngLEng","avatar":"https://static.tigerbbs.com/0a6eb8d5f9130d054d135b849ead65ff","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Good CNY rally&nbsp;[Happy]&nbsp;","listText":"Good CNY rally&nbsp;[Happy]&nbsp;","text":"Good CNY rally [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952277446","repostId":1197449245,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":123,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}