From Business Recorder: 2024-05-22 20:16:03

China stocks edged up while Hong Kong shares closed slightly lower. Investors booked profits after a rally from the real estate stimulus measures. The market awaits the effectiveness of the latest policies, with property stocks giving back some gains. Photovoltaic companies surged 5.6% after calling for industry consolidation. Shanghai Composite up 0.02%. Hang Seng index down 0.13%.

First batch of China’s ultra-long special treasury bonds surged over 20%, triggering trade suspensions. Analysts await earnings improvement to sustain equity rally. Shanghai Composite up 0.02%, CSI300 index up 0.23%, Shenzhen index up 0.24%. Hang Seng index down 0.13%. Regionally, MSCI’s Asia ex-Japan index up 0.31%, Nikkei index down 0.85%.



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