Hong Kong Stock Midday Review | The Hong Kong stock market continues to be sluggish, with the Technology Index down over 1%; domestic property and pharmaceutical outsourcing stocks weakened, with china res land and wuxi bio down over 3%, while cryptos con
Network technology stocks fell, jd.com group-SW dropped 4.37%, Meituan-W fell 2.51%; most apple suppliers declined, fih dropped 8.60%, tongda group fell 3.37%; casinos and gaming stocks broadly decreased, century ent int fell 7.55%, galaxy ent dropped 3.07%.
Another shift! Another foreign institution has raised its forecast for china's GDP growth. What does this signal?
On November 13, the foreign institution Nomura raised its forecast for china's fourth-quarter GDP year-on-year growth to 4.9%, up from the previous 4.4%, based on a shift in china's policy. The full-year GDP growth forecast was also increased to 4.8%, up from 4.7%. Nomura's chief china economist, Lu Ting, stated in a recent report that the upward revision of china's fourth quarter GDP growth forecast is based on a government bond-funded replacement plan, improvement in new home sales, a rebound in export growth, and an increase in stock trade.
Hong Kong stock midday review | The hang seng index fell by 0.88% in the morning while the AI sector rose against the trend.
CICC maintains tencent (00700) with an 'outperform' rating compared to the industry.
Hong Kong Shares Steady, Markets Digest U.S. Inflation Data -- Market Talk
Express News | Hang Seng Index reversed its decline, previously down nearly 1%; Tencent rose over 2%, leading the blue chips. Hang Seng Tech Index narrowed its decline to 0.3%.
Express News | Hong Kong Hang Seng Index opened down 0.99%. Hang Seng Tech Index fell by 1.51%.