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On the stock exchange, Hong Kong reported about its high quarterly profit almost four years after China’s incentives increased the volume of trade and the volume of the list.
Bloomberg | Bloomberg | Gets the image
Beijing-Material Chinese investors are going to Hong Kong’s stock market when its technological Hang Seng Index trades about a three-year high.
On Monday, pure Chinese purchases of Hong Kong stocks reached a record of $ 29.62 billion ($ 3.81 billion), according to Wind Information.
This has been the most since the Hong Kong Stock Market launched its “Connect” program with the mainland, which allowed local investors easier access to the choice of the number of shares traded on the shore. Shanghai Connect launched in November 2014, and Shenzhen Connect opened in December 2016.
The Hang Seng Index traded 0.7% below Tuesday, after a sharp sale in US stocks over the night on the hassle of the impact of tariffs on global growth.
On Monday, a net purchase through the Shanghai connection reached almost 18 billion HKD, and those who from the Shenzhen connection reached 11.63 billion HKD, showed data.
Hong Kong stocks Alibaba and FavorableBoth of which are not traded in mainland China, according to the wind.
China last week confirmed its growth position emphasizing the plans To support the private sector Technological innovationand increasing its financial deficit to rare 4% gross domestic product . Including the extended consumer subsidies program.
On Monday on Monday, a Citi team was upgraded on Monday – namely the Hang Seng China Enterprises Index – over overweight while reducing the US to neutral.
“One of the key reasons we were not focused on Chinese actions is a tariff risk,” analysts said.
“By scratching on this issue, we believe that the case for China Tech was clear. A) Saggeo proved that China Tech is on the western technological border (and abroad), despite the export control.
“Cheap and insufficient” stock
Chinese and foreign institutional investors began to accumulate in Chinese stocks after Beijing began to announce stronger stimulation plans in late September. Chinese stocks received another incentive after the latest Deepseek model at the end of January, caused a global sale of technology. Hong Kong trading larger technology companies than in mainland China.
Manishi Raychaudhuri, CEO of Emmer Capital Partners, said investors could soon take into account the money for new markets, in particular, Asian developing markets when global stocks appear from the current rut.
“I would say, to a great extent, this will still be more China, which means heavily Hong Kong, China.Asia’s street signs‘On Tuesday.
“We have seen a certain degree of increase in consumption in the form of what has been doing policy since January. This is not yet fully what the market would like to have, but at least it is a retreat from the trend for many years,” he continued.
“So, at the top of my list, it will still be Hong Kong, China, Internet stocks, large online platforms, and some consumption names, mainly on sports, restaurants and other names related to tourism,” Rihudhur said.
– Sam Meres and Eniek Bao contributed to this report.
