Hong Kong stocks continue to celebrate during the National Day holiday, with the Hang Seng Index soaring by 17% in just one week! Bullish sentiment is high in the A-share market before the opening.
Since the temporary low point in September, the Hang Seng Index has surged by over 35%; traders are anxiously awaiting the holiday data and the gradual release of fiscal stimulus details.
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 | 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.
Aerospace and Defense ETFs Beat S&P 500 as -2-
