From South China Morning Post: 2024-04-28 23:01:14

Hong Kong stocks rise for a sixth day, with Hang Seng Index up 0.5 percent and Hang Seng Tech Index up 0.5 percent. Shanghai Composite Index retreats 0.1 percent. AIA Group rallies 6.7 percent after reporting 27 percent growth in new business value and expanding buy-back plan by US$2 billion.

Chengdu stops reviewing homebuyers’ qualifications for real estate purchases and promises to meet developers’ funding demands. Hang Seng Index increases over 7 percent this month, outperforming global equity gauges. US Federal Reserve expected to keep interest rates unchanged after meeting. Asian markets mixed, with Kospi, S&P/ASX 200, and Taiex index rising.



Read more at South China Morning Post: Hong Kong stocks rise for sixth straight day, in longest winning streak since October on earnings optimism