Hong Kong stocks rebound from US$196 billion rout on China PMI reports, NPC meeting

Quick Summary:

All eyes will be on the National People’s Congress (NPC) starting on Wednesday for stimulus policies.

Issues like boosting consumption and enhancing tech innovation are also expected to be highlighted in the report, according to analysts.“Investors have some policy expectations from the meeting, and that’ll underpin Hong Kong stocks,” said Zhou Hao, an analyst at Guotai Junan Securities in Hong Kong.“Given the fact that overseas investors are still light in positioning on Hong Kong stocks and the stocks have discounts to major global indexes, the Hong Kong market is still attractive.

A reading above 50 indicates expansion, while a reading below 50 suggests contraction.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Market Hong Rose Stocks Investors Manufacturing Report Cent Monday Kong Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 10:22:41 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 327 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 26690117

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