Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CCBI: Policy Boost Drives Epic Rally in HK Stocks; HSI Expected to Continue Rising in ST w/ Upper Bound Near 22,500
Recommend 17 Positive 19 Negative 15 |
||||
|
||||
|
CCBI released a report on Monday (September 30) noting that the Hong Kong stock market rebounded over the past month, with the HSI, HSCEI, and HSTECH swelling 9-13%. The report pointed out that driven by a package of favorable policies announced at the State Council Information Office press conference on September 24, Hong Kong stocks experienced a historic rally last week, with the HSI surging 13% in a single week and the cumulative turnover approaching $1.4 trillion. In this unexpectedly strong policy combination, the broker saw China's determination and efforts to stimulate the economy and boost the capital market, aligning with the bullish scenario in its previous outlook for 2H24. With the continued relaxation of property purchase restrictions in first-tier cities over the weekend and heightened FOMO (Fear of Missing Out) sentiment, the market is expected to continue rising in the short term with the HSI upper bound near 22,500, yet volatility will also intensify. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
