hangsengindex
Hong Kong’s economic outlook has been improving, with a marked increase in the city’s property sales and a significant rebound in the stock market, Financial Secretary Paul Chan has said. On his official blog on Sunday, Chan wrote that the total number of residential property sales had bounced back, with sales in April totalling 8,551 – a more than 115 per cent increase from last March’s figures. The price index for private residential properties rose by one per cent in March, according to the Rating and Valuation Department, marking an end to a downward trend that began in May 2022. The rise ...
Hong Kong Free Press
The Hang Seng index has staged a strong recovery this year as investors bought the dip in Chinese equities. It has moved into a bull market as it jumped by over 28% from its lowest level this year. It is also hovering near its highest swing since August 2023. China equities bottomedHang Seng is not the only Chinese index that is in a strong bull market. China A50 has soared by over 18% from its lowest swing this year. The same is true with other popular indices like the Shanghai and Shenzhen composites. This performance is happening as signs emerge that the property market and the Chinese econ...
Invezz
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