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The Hong Kong Stock Exchange reported its greatest quarterly gain in almost four years after China’s stimulus measures increased the volume of trade and list.
Bloomberg | Bloomberg | Getty images
Beijing-Continental Chinese investors are accumulating in the Hong Kong stock market to record volumes as their Hang Seng index of Hang Seng quotes around the maximum of three years.
Net purchases of Continental China of Hong Kong shares reached a record of 29.62 billion dollars from Hong Kong ($ 3.81 billion) on Monday, according to the wind information database.
That was more since the Hong Kong stock market launched its “Connect” program with the continent, allowing local investors to an easy access to a select number of actions that are negotiated on the high seas. The Shanghai Connect was launched in November 2014, while Shenzhen Connect opened in December 2016.
The Hang Seng index quoted around 0.7% under Tuesday morning after a strong sale of US shares. During the night of the night concerns about the impact of tariffs on global growth.
Net purchases through Shanghai Connect reached almost 18 billion HKD on Monday, while Shenzhen Connect reached 11.63 billion HKD, according to data.
Hong Kong actions of Alibaba and TencentWhich are not negotiated in Continental China, they saw the largest net purchases, according to wind data.
China last week affirmed its position in favor of growth by emphasizing the plans To support the private sector Technological innovationand increase its fiscal deficit to a rare 4% of the gross domestic product – including an expanded consumer subsidies.
Citi’s global macro strategy team improved his opinion on Chinese actions on Monday, namely the Hang Seng China Enterprises index, overweight, while degrading the United States to Neutral.
“A key reason why we have not focused on Chinese actions is tariff risk,” analysts said.
“Hugging this issue, we believe that the case of China Tech was clear. A) Deepseek showed that China Tech is on the western technological border (or beyond), despite the export controls. This was followed by the launch of Hunyuan de Tencent (a generator of ia videos) and the QWQ-32B of Alibaba,” they added.
Cheap and Lower Property Actions’
Chinese and foreigners institutional investors began to return to Chinese actions after Beijing began announcing more forceful stimulus plans at the end of September. Chinese Equities received another impulse after the appearance of the latest Deepseek model at the end of January caused a sale of global technology. More important technology companies are negotiated in Hong Kong than in Continental China.
Manishi Raychaudhuri, CEO of Emmer Capital Partners, said that investors could soon return money to emerging markets, particularly emerging Asian markets, once global actions emerge from the current routine.
“I would say that to a large extent it would continue to be China Mayor, which largely means Hong Kong, China. The actions are cheap and lower property,” Raychaudhuri told CNBC. “Street Sigs Asia“Tuesday.
“We have seen some degree of impulse of consumption in the form of what policy formulators have been doing since January. It is not largely to the market, but at least it is a deviation from the tendency of many years,” he continued.
“Then, just at the top of my list, it would still be Hong Kong, China, Internet stocks, large Internet platforms and also some of the names related to consumption, mainly in Athleisure, restaurant stocks and other names related to travel and tourism,” Raychaudhuri said.
– Sam Meredith of CNBC and Anniek Bao contributed to this report.
