Hong Kong stocks surge on China market reforms and stimulus, boosting investor optimism

From South China Morning Post: 2024-06-18 23:15:25

Hong Kong stocks surge on Wednesday after China unveils financial market reforms at Lujiazui forum. Hang Seng Index jumps 1.6%, Tech Index up 1.4%. Wu Qing announces tech board reforms focusing on offerings, mergers, incentives for innovation. Wall Street rally boosts S&P 500, Nasdaq to new highs, Lenovo Group surges 5.6%. Geely Automobile gains 5.4% on strong EV sales, Longfor up 4.5% on debt reduction. Traders optimistic on further policy support amid economic pressure. Asian markets rally with Nikkei 225 up 0.7%, Kospi rises 1.0%, S&P/ASX 200 steady.



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