Hong Kong's Hang Seng Index approaches 18,000 points, nearing a technical bull market, driven by Chinese property shares, mainland inflows, and global fund rotations.
Hong Kong's benchmark equity index, the Hang Seng, has surged over 20% from its January low, putting it on the brink of a technical bull market. The rally has been driven by a surge in Chinese property shares and strong inflows from the mainland, as well as a rotation by global funds into cheap Chinese internet stocks. Hong Kong's stocks have been among the best global performers in April, with the Hang Seng Index closing in on the 18,000 points mark for the first time since November 2021.
April 29, 2024
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