Hong Kong, China stocks follow US equities higher, rebound on easing US-Iran tensions
- Hong Kong stocks rally most in about four weeks
- Alibaba hits record high in Hong Kong
The Hong Kong and mainland China markets are – once again – expected to see-saw between optimism over a trade deal between Beijing and Washington and caution about what looks like Iran and the US walking back from an all-out armed conflict in the Middle East.
With US equities moving higher overnight, stocks here are also expected to follow suit, with optimism triumphing over caution for the time being.
Domestically, the inflation number for December, expected on Thursday morning, could still lead to a wobble or two.
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– Zhang Shidong in Shanghai and Azar Zaidi in Hong Kong
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