Hong Kong's shares rose 107 points or 0.6% to 18,986 on Tuesday morning
Hong Kong's shares rose 107 points or 0.6% to 18,986 on Tuesday morning, marking the first rise in seven sessions amid broad-based sector gains. Markets emerged from a near four-month low after December trade data showed China's exports accelerated and imports hitting a 27-month high. Traders also welcomed Beijing's decision to permit domestic companies to raise more funds from overseas.
China also signaled that it would boost consumption, expand imports, and attract foreign investment this year. Adding to the bullish momentum was a modest rise in US futures after a mixed session on Wall Street overnight where investors shifted away from tech stocks. However, further gains were capped by caution ahead of the Q4 Chinese GDP figures and December activity data, notably industrial output, and retail sales, due later this week. Early movers among large-cap stocks included Zhejiang Leapmotor Tech. (9.0%), Wuxi Biologics (4.6%), Meituan (3.0%), and Semiconductor Manufacturing (1.6%).(cay)
Source: Trading Economi
