Hong Kong stocks are enjoying a massive liquidity injection from mainland funds as tech leaders like Tencent, Meituan and other stocks sanctioned by the US attract buying support. Photo: EPA-EFE
Tencent, Alibaba power Hang Seng Index rally as mainland funds pile in and investors look to Kuaishou IPO windfall
- Hang Seng Index recouped most of the 1,164-point slide last week, as quarterly earnings roll in
- Investors turned bullish again on markets as Kuaishou Technology prepares for its debut later this week with an expected windfall for buyers
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Hang Seng Index
Hong Kong stocks are enjoying a massive liquidity injection from mainland funds as tech leaders like Tencent, Meituan and other stocks sanctioned by the US attract buying support. Photo: EPA-EFE