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Foreign Market News

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(27 Feb 2024, 17:27)

Hong Kong Market gains 0.94%


Hong Kong share market finished session higher on Tuesday, 27 February 2024, snapping two days losing streak, with artificial intelligence (AI) firms leading the gains, helped by the AI boom in the United States and talks of policy support for China's homemade AI servers.

Market participants are awaiting authorities' next policy move as the National People's Congress begins its annual meeting on March 5. Key topics to monitor include discussions about the government’s "new model" for the property sector, local government financing and fiscal reforms, as well as other demand-side stimulus such as support to consumption

At closing bell, the benchmark Hang Seng Index surged 156.06 points, or 0.94%, to 16,790.80. The Hang Seng China Enterprises Index added 83.54 points, or 1.46%, t...

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