From South China Morning Post: 2024-04-30 03:10:38

Hong Kong stocks shine as best-performing market globally in April, with the Hang Seng Index rising 7.4% and entering a bull market. Overseas investors return to Chinese assets, attracted by low valuations and stable growth indicators. Regulatory support and positive earnings reports fuel optimism for further gains.

China’s improving economic data and regulatory support boost Hong Kong stock market sentiment. A report shows manufacturing industry expansion in April, while companies like Hong Kong Exchanges and Clearing and China Life Insurance surpass earnings estimates. UBS Group and HSBC upgrade ratings for Hong Kong and Chinese stocks, predicting sustained upward momentum.

Global investors flock to Chinese equities, driving funds into Hong Kong stocks with valuation edge. Optimism remains high for a continued rally in the market, as gains in Hong Kong stocks outshine other major markets globally. Positive economic outlook and supportive measures bolster confidence in the region’s equities.



Read more at South China Morning Post: Outlook ‘significantly brighter’ for Hong Kong stocks, as US$5 trillion market attracts global investors rotating out of US, Japanese shares