From South China Morning Post: 2024-05-05 22:53:25

Hong Kong stocks remained flat after reaching an eight-month high with mainland China traders returning from a five-day break. The upbeat mood saw investment banks making positive calls on the market amid expectations of more policy support from Beijing. The Hang Seng Index traded in a narrow band, almost unchanged at 18,477.99.

Tencent, NetEase, Li Auto, and Trip.com saw gains, contributing to the city’s benchmark index advancing for nine consecutive trading days. Global investors have shown increased interest in Chinese stocks, with Goldman Sachs, UBS, and BNP expressing positivity. Other major Asian markets like Japan and South Korea saw mixed results.



Read more at South China Morning Post: Hong Kong stocks flat after hitting 8-month highs as mainland China markets reopen