Hong Kong stock market experiences temporary plateau near an 8-month peak, prompting traders to contemplate taking profits from the ongoing bull run.

Quick Summary:

Hong Kong stocks wavered near an eight-month high as traders pondered whether to cash in on the bull run, while robust mainland tourism data for the holiday period helped support sentiment.

The Hang Seng Index finished Monday at 18,578.30, the highest level since September 4.

Electric-car maker Li Auto weakened 2 per cent to HK$115.50 while Geely Auto lost 1 per cent to HK$9.81.

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Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongAustraliaJapanSouth Korea

Topics: Seng Finished 14-day Tourism Stocks Hang Cent Index Level Monday Period

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-07 @ 10:26:19 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 20900901

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About SCMP

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Official Website: scmp.com

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Year Established: 1903

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