Hong Kong stocks hit 20-month high on mainland China demand Reuters 1/19/2021
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SHANGHAI, Jan 19 (Reuters) - Hong Kong stocks climbed to a 20-month high on Tuesday, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub. The Hang Seng index added 3.1%, to 29,746.17 points, highest since May 3, 2019, while the Hong Kong China Enterprises Index gained 2.9%, to 11,796.28. Leading the gains, the Hang Seng tech index jumped 4% to a fresh high, while the Hang Seng financials index rose 2.9%. It s mainly because of the liquidity foam. The outperforming stocks are benefiting from southbound flows, said Steven Leung, a Hong Kong-based executive director at UOB Kay Hian.
SHANGHAI China and Hong Kong shares climbed on Monday, as investors cheered better-than-expected gross domestic product data (GDP) pointing to a solid…