Children walk past a Lunar New Year decoration in Hong Kong Park in Admiralty on January 23. Photo: Jonathan Wong
Children walk past a Lunar New Year decoration in Hong Kong Park in Admiralty on January 23. Photo: Jonathan Wong

Hong Kong stocks approach 11-month high as traders load up on Alibaba, BYD and EV makers in post-Lunar holiday rally

  • The city’s benchmark index has logged six weeks of gains on China reopening bets, its longest winning run since end-2019
  • Reports suggest consumer spending in mainland China improved over the holiday season after Covid-19 curbs were dismantled

Children walk past a Lunar New Year decoration in Hong Kong Park in Admiralty on January 23. Photo: Jonathan Wong
Children walk past a Lunar New Year decoration in Hong Kong Park in Admiralty on January 23. Photo: Jonathan Wong
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