Hong Kong stocks rose from a one-week low as mainland funds ploughed more money into the city’s assets on optimism that Beijing will push for high-quality growth and rein in excessive price competition in some industries.
The Hang Seng Index gained 0.8 per cent to 24,256.44 at 11.30am local time on Wednesday from the level on Monday, while the Hang Seng Tech Index pared losses to 0.1 per cent. On the mainland, the Shanghai Composite Index weakened 0.1 per cent and the CSI 300 Index added 0.1 per…Hong Kong stocks rose from a one-week low as mainland funds ploughed more money into the city’s assets on optimism that Beijing will push for high-quality growth and rein in excessive price competition in some industries.
The Hang Seng Index gained 0.8 per cent to 24,256.44 at 11.30am local time on Wednesday from the level on Monday, while the Hang Seng Tech Index pared losses to 0.1 per cent. On the mainland, the Shanghai Composite Index weakened 0.1 per cent and the CSI 300 Index added 0.1 per… Read More
Business – South China Morning Post
