Hong Kong Stock Market Rebounds, Gaining Momentum with the Support of the Chinese Securities Regulator's Pledge

Quick Summary:

Hong Kong stocks climbed for a second day as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.

Stocks were also boosted by an overnight rally in US shares amid expectations that tech companies will deliver strong earnings results.

Tencent Holdings advanced 2 per cent to HK$326.60 and Meituan added 2.3 per cent to HK$102.90.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongAustraliaChinaJapanSouth Korea

Topics: Cent Hang Index China’s Seng Measures Hong Securities Rose Companies Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-23 @ 10:33:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 20764629

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Official Website: scmp.com

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