Real Estate

Hong Kong stocks off to best start since 2018 on China recovery hopes


Shoppers walk through a street market in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

Hong Kong stocks kicked off 2023 with the most gains they’ve seen in the first trading session of a year since 2018.

The Hang Seng index on Tuesday gained 1.84%, or 363.88 points — its biggest first-day gain since January 2018, when the index rose nearly 2%.

related investing news

Wolfe Research downgrades Goldman Sachs, sees greater upside in other banks such as Wells Fargo


That signaled an improved outlook as China continues to reopen despite a nationwide surge in Covid infections.

“While it is inevitable to see further surges and more widespread in inflection at the initial stage of opening, the outlook for…


0 0 votes
Article Rating

JOLTS report November 2022

Previous article

Walgreens Boots Alliance (WBA) Q1 earnings 2023

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate