Hong Kong Stocks Soar to Three-Year High; Tech Stocks Lead Rally-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Hong Kong Stocks Soar to Three-Year High; Tech Stocks Lead Rally

MT Newswires Live03-18

Hong Kong stocks climbed to their highest point in three years on Tuesday as investor sentiment got a boost from hopes that upcoming talks between the US and China could ease trade tensions between the world's two biggest economies.

The Hang Seng Index soared 2.46%, or 595 points, to end at 24,740.57. The Hang Seng China Enterprises Index added 2.79%, or 249.35 points, to 9,177.80.

Investors await a favorable outcome from a meeting between US President Donald Trump and Chinese President Xi Jinping, who is expected to visit the US soon, the SCMP reported citing Trump.

Chairman of the Hong Kong Institute of Financial Analysts, Kenny Tang, sees the meeting as a positive signal, stating it could change Trump's image of China and deescalate a looming trade war, according to the article.

In corporate, tech stocks led the rally, taking cues from a 4.03% jump in the Nasdaq Golden Dragon China Index, an index that tracks Chinese technology companies listed in the US.

Alibaba Group (HKG:9988) surged 6%, at the day's end, with Tencent (HKG:0700) and Xiaomi (HKG:1810) each rising 3%.

Additionally, BYD's (HKG:1211, SHE:002594) Hong Kong-listed stocks rose 4% after it introduced Super e-Platform, its new EV charging system, in a live-streamed event on Monday, according to the SCMP.

The EV maker also shared its intention to open a new factory in Germany amid plans to offer more affordable cars amid a drop in demand in Europe, a Reuters report stated.

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.

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The Hang Seng China Enterprises Index added 2.79%, or 249.35 points, to 9,177.80.</p><p>Investors await a favorable outcome from a meeting between US President Donald Trump and Chinese President Xi Jinping, who is expected to visit the US soon, the SCMP reported citing Trump.</p><p>Chairman of the Hong Kong Institute of Financial Analysts, Kenny Tang, sees the meeting as a positive signal, stating it could change Trump's image of China and deescalate a looming trade war, according to the article.</p><p>In corporate, tech stocks led the rally, taking cues from a 4.03% jump in the Nasdaq Golden Dragon China Index, an index that tracks Chinese technology companies listed in the US.</p><p>Alibaba Group (HKG:9988) surged 6%, at the day's end, with Tencent (HKG:0700) and Xiaomi (HKG:1810) each rising 3%.</p><p>Additionally, BYD's (HKG:1211, SHE:002594) Hong Kong-listed stocks rose 4% after it introduced Super e-Platform, its new EV charging system, in a live-streamed event on Monday, according to the SCMP.</p><p>The EV maker also shared its intention to open a new factory in Germany amid plans to offer more affordable cars amid a drop in demand in Europe, a Reuters report stated.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"81810","symbol_name":"小米集团-WR","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520611137","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520611137","pubTimestamp":1742287769,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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