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Alibaba, Lenovo, Xiaomi lead stock rally in Hong Kong as Beijing delivers extra US$137 billion fiscal stimulus to strengthen recovery

Stock investors are enjoying their best day in October as top tech companies lead a rebound from an 11-month low. China is widening its fiscal deficit with an extra US$137 billion bond issue to strengthen economic recovery.
Hong Kong Xinhua News Agency Alibaba Group Hang Seng Index Tech Index Shanghai Composite Index
Source: scmp.com

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Hong Kong stocks recover after China reports better than expected growth in the third quarter

Hong Kong stocks wavered between gains and losses as China’s gross domestic product data (GDP) showed recovery in the world’s second largest economy was on track, but gains were capped as the intensifying Israeli-Hamas war stoked oil prices and posed a risk to global economic growth.
Hong Kong Gaza Strip Joe Biden Zhiwei Zhang Hang Seng Index Tech Index
Source: scmp.com

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