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Will Hong Kong stocks rise 40 per cent?

Hong Kong stocks rose for a third day after earnings optimism drove the benchmark Hang Seng Index to a five-month high. Goldman says Chinese stocks may rise 40 per cent amid ‘more conducive trading environment’ in near term, while UBS raises ratings on Chinese and Hong Kong stocks to overweight.

Why are Hong Kong stocks rising?

Hong Kong stocks rise on optimism that the appetite for Chinese assets is returning as Beijing pledges support to markets and signs of an earnings recovery emerges. SenseTime’s shares gained as much as 36 per cent after the company launched the latest iteration of its SenseNova large language model.

Why did Hong Kong stocks emerge as the best-performing market in April?

Hong Kong stocks emerged as the best-performing key market globally in April, after funds sought bargains by shifting out of expensive US and Japanese equities and as China’s growth shows more signs of stabilising.

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