A recent pattern has emerged with investors switching out of expensive tech and consumer stocks into cyclical old-economy companies on expectations for faster global economic recovery. Photo: Reuters A recent pattern has emerged with investors switching out of expensive tech and consumer stocks into cyclical old-economy companies on expectations for faster global economic recovery. Photo: Reuters
A recent pattern has emerged with investors switching out of expensive tech and consumer stocks into cyclical old-economy companies on expectations for faster global economic recovery. Photo: Reuters
Hang Seng Index

Hong Kong stocks power gains in Asia as reflation trades gain momentum, HSBC and Macau casino groups surge

  • Hang Seng Index chalked up best gain in Asia as traders sold recent tech winners, bought old-economy stalwarts
  • HSBC rose as much as 6.5 per cent after the lender recommended a bigger than expected dividend payout in its latest earnings report

Topic |   Hang Seng Index
A recent pattern has emerged with investors switching out of expensive tech and consumer stocks into cyclical old-economy companies on expectations for faster global economic recovery. Photo: Reuters A recent pattern has emerged with investors switching out of expensive tech and consumer stocks into cyclical old-economy companies on expectations for faster global economic recovery. Photo: Reuters
A recent pattern has emerged with investors switching out of expensive tech and consumer stocks into cyclical old-economy companies on expectations for faster global economic recovery. Photo: Reuters
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