There was no fireworks to greet the New Year in Hong Kong. But mainland traders are lighting up the local stock market with record purchases, sending the Hang Seng Index above 30,000 points for the first time since May 2019. Photo: Sam Tsang There was no fireworks to greet the New Year in Hong Kong. But mainland traders are lighting up the local stock market with record purchases, sending the Hang Seng Index above 30,000 points for the first time since May 2019. Photo: Sam Tsang
There was no fireworks to greet the New Year in Hong Kong. But mainland traders are lighting up the local stock market with record purchases, sending the Hang Seng Index above 30,000 points for the first time since May 2019. Photo: Sam Tsang
Stocks

Hang Seng Index fails to sustain above 30,000 level on overheating concerns as technology stocks lose steam

  • Hang Seng Index surpassed 30,000 points for the first time since May 2019 but failed to close above that psychological level
  • Purchases by mainland mutual funds may continue through Lunar New Year next month as investors weigh outlook on global economic recovery

Topic |   Stocks
There was no fireworks to greet the New Year in Hong Kong. But mainland traders are lighting up the local stock market with record purchases, sending the Hang Seng Index above 30,000 points for the first time since May 2019. Photo: Sam Tsang There was no fireworks to greet the New Year in Hong Kong. But mainland traders are lighting up the local stock market with record purchases, sending the Hang Seng Index above 30,000 points for the first time since May 2019. Photo: Sam Tsang
There was no fireworks to greet the New Year in Hong Kong. But mainland traders are lighting up the local stock market with record purchases, sending the Hang Seng Index above 30,000 points for the first time since May 2019. Photo: Sam Tsang
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