Spinee wrote a post · Mar 20 02:26

HK Stocks Rebound Strongly from Jan's Low; Net Southbound Inflow for 8 Mths

Hong Kong's stock market rebounded significantly from January's low as Chinese stocks led the advance on the back of improved sentiment driven by supportive policies. The Hang Seng Indexes Company issued a report saying.

$Hang Seng China Enterprises Index (800100.HK)$ , which reflects the overall performance of Hong Kong-listed Mainland securities, outperformed the broader market in the recent rally.

Hong Kong stock market has seen rising monthly net inflows through the Southbound channel since the beginning of the year, with the monthly inflow in March so far reaching almost $52 billion, which poised to be the highest monthly inflow since September 2023, according to the Hang Seng Indexes Company.

In addition, the Southbound channel posted 8 consecutive months of positive inflows as of February 2024, while the Northbound YTD inflow as of 19 March 2024 has already surpassed the full year inflow recorded in 2023.

$Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $Alibaba (BABA.US)$ $BABA-SW (09988.HK)$ $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $XIAOMI-W (01810.HK)$ $Meituan ADR (MPNGY.US)$ $MEITUAN-W (03690.HK)$ $JD-SW (09618.HK)$ $BYD COMPANY (01211.HK)$

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