Source:
https://scmp.com/business/article/3001188/china-hong-kong-stocks-stay-positive-roll-trade-news-us-overnight-rally
Money/ Stock Talk

Hong Kong, China stocks stay on positive roll for second day amid optimism about foreign inflows

  • Traders gauge possibility of increased foreign buying on availability of hedging tools and regulatory comment on ownership cap
Investors huddle at a stock exchange in Hangzhou, capital of east China's Zhejiang Province, on March 4, 2019. Red signals gains in China. Photo: Xinhua

Hong Kong stocks closed on a stronger note on Tuesday, as the benchmark Hang Seng Index gained more than 400 points amid improved sentiment towards mainland Chinese equities.

Traders cited optimism that mainland regulators will allow a hedging tool for overseas investors and lift the foreign ownership cap on listed companies as potential catalysts that will attract more inflows of foreign funds.