May 10, 12:33 AM

Hong Kong, China Stocks Surge; Shanghai Composite Enters Bull Market

Hong Kong and Chinese stocks have shown significant gains, with the Shanghai Composite Index rising over 20% from its recent low on February 5, marking its entry into a technical bull market. This rebound is attributed to a number of factors including positive technicals, fund flows, and an optimistic earnings outlook. In particular, Hong Kong's local real estate stocks have surged, with notable increases in companies like Shimao Group, Zhenro Property, China Aoyuan, and others. The Hang Seng China Enterprises Index also rose by 2.12%. This rally is seen as potentially enduring due to the underlying economic recovery in China.