Hong Kong Stocks End Week Higher as Tech Counters Rally
Express News | Ishares MSCI China ETF up 4.6%, Ishares China Large Cap ETF up 4.1%, Kraneshares CSI China Internet ETF up 4.8%
Express News | JD.com up 5.8%, Li Auto up 5.4%, NIO up 3.7%, Xpeng up 4%
Express News | Alibaba up 4%, PDD Holdings up 3.8%, NetEase up 2.5%, Baidu up 4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Hong Kong Stocks Close up Nearly 3%
The violent rebound of Hong Kong stocks has led to a sharp increase in demand for Hong Kong dollars, pushing financing costs to their highest level since July.
Hong Kong stocks rise, pushing up the demand for the mmf. The Hong Kong dollar has become a rare focus in the global financial markets, with its borrowing costs reaching the highest since the end of July; compared to the USD, the mmf is closer to the strong end of the trading range.
zigzinger : Most of the companies are ahead of their fundamentals. From the mid to long term view, the Chinese government is making a good move. That said, the proposed policies needs time to presented on the statistics as well.