Tag Archives: HK
Hang Seng Index Rallies as China’s Central Bank Slashes Rates
On Monday, the Hang Seng Index rose 218 points or 1.25% to close at 17,636, partially recovering from the previous session’s 2.0% decline. The upturn came after the People’s Bank of China (PBoC) unexpectedly cut its key short-term policy rate for the first time in nearly a year, aiming to stimulate economic growth in China. […]
Hong Kong Stocks Slide as China Concerns Spark Sell-Off
On Wednesday, March 27, the Hang Seng Index suffered a drop of 225.48 points, or 1.36%, closing at 16,392.84. The decline spanned across all sectors, coming on the heels of significant gains in the previous session. Market nervousness was heightened by China’s stocks reaching a near one-month low, coupled with the largest daily exodus of […]
Hong Kong Market Sees Broad Gains on Favorable Policies and Fundamentals
The Hang Seng index soared to a one-week high of 16,587.57 points on Monday. This substantial rally, a jump of 234.18 points or a 1.43% increase, was driven mainly by a boost in industrial and consumer sector stocks. The positive turn was spurred by freshly released official data, showing a rejuvenation in China’s consumer prices […]
