Stocks in Hong Kong and mainland China are holding on to recent gains as the Lunar New Year approaches Photo: EPA-EFE
Stocks in Hong Kong and mainland China are holding on to recent gains as the Lunar New Year approaches Photo: EPA-EFE
Business /  Money

Hong Kong stocks rise to two-week high as oil, casino stocks advance in reflation trade amid PBOC policy assurance

  • China’s central bank pledges to keep policy flexible and precise and to prioritise stability and avoid ‘sharp turns’ in decisions
  • Casino stocks rallied after several upgrades by JPMorgan, while oil climbs to more than one-year high

Iris OuyangMartin Choi
Iris Ouyang and Martin Choi

Updated: 5:16pm, 9 Feb, 2021

Why you can trust SCMP
Stocks in Hong Kong and mainland China are holding on to recent gains as the Lunar New Year approaches Photo: EPA-EFE
Stocks in Hong Kong and mainland China are holding on to recent gains as the Lunar New Year approaches Photo: EPA-EFE
READ FULL ARTICLE