Hong Kong stocks stage largest rally in 5 weeks; hopes rise for new stimulus from Beijing

Quick Summary:

Industrial profits at large Chinese companies dropped 10 per cent from a year earlier in October.

China’s fiscal policy and the strength of the economy are still the decisive factors in determining the market’s direction.

We could see more volatility ahead.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Kong Profits Report China’s Hong Chinese Year Economic Cent Stocks Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 10:24:26 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23962076

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About SCMP

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

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News Language: English

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Publisher ID: #42

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