Hong Kong stock trading frenzy calms
Kenny Wen, head of investment strategy at KGI Asia, saw it as a "healthy correction" for Hong Kong stocks as they had been extremely overbought in the past few days. The benchmark's relative strength index had risen to 95 — its highest level since 1970. Traders typically interpret a reading surpassing 70 as an indication of prices gone too far.
Hong Kong stocks rally to nearly 2-year high on stimulus tailwind
Hong Kong stocks surged for a sixth day on Wednesday, amid growing optimism that Beijing's sweeping stimulus package could reboot the world's second-largest economy and fix the country's property market. The benchmark Hang Seng Index surged 6.2 percent on Wednesday, closing at 22,443.73 points, its highest for the past 20 months.
Options Scenario That’s Led to Hong Kong Stock Gains Is Back
For six straight days, Hong Kong’s benchmark stocks gauge and a measure tracking the cost of its options moved in the same direction. The last time that happened, the Hang Seng Index went on to surge 30% in about two months.
Hong Kong stocks slump, snapping 6-day rally as China frenzy shows exhaustion
Hong Kong stocks fell for the first time in seven days as the US$3 trillion market rally driven by China’s stimulus injection showed signs of exhaustion. Technical indicators pointed to an imminent reversal from a 20-month high.
Hong Kong brokers are too busy because of ‘once in a century’ stock frenzy
Hong Kong brokers are experiencing a surge in activity, with account openings skyrocketing amid a historic stock rally.
Hong Kong Stocks Tumble More Than 3% After Weeklong Surge
Hong Kong stocks sank more than three percent on profit-taking in Thursday's morning session after rocketing more than 20 percent since China last week began unveiling a raft of economy-boosting stimulus measures.
Chinese Stocks in Hong Kong Slide After Rallying More Than 30%
Chinese stocks in Hong Kong slipped as traders took profit following gains of more than 30% from a September low.
Alibaba and JD.com Battle for Hong Kong Shoppers, Stocks Slide After Stimulus Rally
Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:BABA) and rival JD.com, Inc (NASDAQ:JD) are aggressively fighting for market share in Hong Kong. The companies waived delivery fees for certain orders and boosted related services like local product returns in Hong Kong,
Alibaba, JD.com take e-commerce battle to Hong Kong as mainland China market matures
Both firms have increased investments in the city, waiving delivery fees for some orders and boosting services such as local product returns.
Alibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide
Alibaba stock and shares of rival JD.com extended their rallies Wednesday, helped by optimism about Chinese economic stimulus.
Hong Kong snaps six-day winning streak as China stimulus rally fizzles
Markets in mainland China will remain closed until Oct. 8 for a week-long holiday and South Korea will be shut Thursday for ...
Hang Seng Index soars 6.2% as BlackRock’s ‘overweight’ call fuels China stock frenzy
Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus ...
Hang Seng Index: Start Of A Potential New Medium-Term Bullish Trend
Aggressive interest rate cuts by PBoC coupled with potential expansionary fiscal policies that target consumer spending have ...
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Hong Kong's Hang Seng Tech Index soars over 7 pct
HONG KONG, Sept. 30 (Xinhua) -- Shares in Hong Kong extended their winning streak on Monday, with the Hang Seng Tech Index, tracking 30 largest technology companies listed in Hong Kong, surging 7.12 ...