Hot Chinese ADRs Rallied As Hong Kong Stocks March Into Bull Market
Hot Chinese ADRs rallied as Hong Kong stocks march into bull market.Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates.The Hang Seng Index jumped 2.5% on Thursday to enter a technical bull market, even without the presence of mainland Chinese buyers due to a holiday. The risk-sensitive Hang Seng Tech Index surged 4.4%, alongside developers and cas