Hang Seng Index set for second week of advance on earnings outlook as China funds step up purchases

//Hang Seng Index set for second week of advance on earnings outlook as China funds step up purchases

Hang Seng Index set for second week of advance on earnings outlook as China funds step up purchases

Hong Kong stocks rose, lifting the benchmark index toward a second weekly advance as strong corporate earnings encouraged mainland Chinese investors to boost their purchases.The Hang Seng Index climbed 0.9 per cent to 29,014.32 at the local noon break on Friday, keeping the market ahead by 0.2 per cent for the week. The Shanghai Composite Index was little changed, as stocks traded sideways amid record bearish bets.Sentiment got a lift from the quarterly result by Ping An Insurance (Group) and…

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By | 2021-04-23T02:57:56+00:00 April 23rd, 2021|Business|Comments Off on Hang Seng Index set for second week of advance on earnings outlook as China funds step up purchases