Hong Kong's stock market has seen significant gains, with the Hang Seng Index reaching its highest level in 2024, driven by a surge in tech stocks such as Tencent, Meituan, and others. The Hang Seng China Enterprises Index is also performing well, poised for a fifth-straight day of gains and marking a weekly advance of about 9%, making it the world's best-performing stock gauge this month. Additionally, shares of Tencent have surged more than 10% this month, outperforming other major stocks and reflecting global investors' interest in China's undervalued megacaps. The Hong Kong Stock Exchange (HKEX) also reported its highest levels since March 22, following Q1 earnings that exceeded expectations and increased trading activity in March and April. The Hang Seng Index rose 1.2%, on track for a five-day winning streak.
The Hang Seng China Enterprises Index is poised for a fifth-straight day of gains, marking a weekly advance of about 9%. It’s the world’s best performing stock gauge this month. https://t.co/3ewvGctwcI
Hong Kong's stock exchange is having its best week in years https://t.co/lMR2NbuLHI
⚡Hang Seng Index $HSI rises 1.2%, on track for a five-day winning streak, to its strongest level since November. Tech stocks are rallying again, with #Tencent, #Meituan, $BILI, and $JD up over 2% and up over 10% this week. Mainland $SHCOMP +0.53%. #China $KWEB $FXI $HXC https://t.co/FggYMIzV65
$FXI Hang Seng hits new highs for 2024. $YINN 13.40 to 22 almost. ���� https://t.co/u5CijSaMPg
Hang Seng hits 2024 high as traders warm to 'un-investable' Chinese stocks https://t.co/DLJWJlUsc1
Hong Kong’s Hang Seng hits 2024 high as traders warm to ‘un-investable’ China stocks https://t.co/Mgeu2WIMjE
Shares of #HKEX hit highest since Mar 22 as Q1 earnings beat expectations, trading turnover picked up in Mar, Apr. China's top securities regulator released several measures to support HK market. https://t.co/haGgRmRP6L https://t.co/kz33wfz9UF
Shares of Tencent have surged more than 10% this month, outperforming the Magnificent Seven and underscoring global investors’ growing appetite for China’s undervalued megacaps https://t.co/04WlKsiZi9