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Horizon Robotics’ US$700 million IPO boosts Hong Kong’s market after Beijing’s stimulus

SCMP LogoSCMP7h ago

Horizon Robotics’ US$700 million IPO boosts Hong Kong’s market after Beijing’s stimulus - SCMP

Quick Summary:

Hong Kong’s IPO market is experiencing a surge in activity, driven by Beijing’s stimulus measures and improved investor sentiment.

The market has “overshot a little” and is entering a “stabilisation stage” with investors trying to determine the magnitude of the stimulus package, the potential impact on the real economy and the time frame, so that they can find a “fair value” for the stock market, Chen said.“At this stage, we are likely to see a lot of fluctuation in market sentiment and volatility, but overall, we see sentiment has improved and we believe it will continue to improve with more specific policy announcements to come.

Hong Kong stocks have gained 20 per cent over the past month despite uneven and shaky performance over the past few days.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 16:30:11 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 251 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 51 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23084614

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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  • URL: https://beamstart.com/news/horizon-robotics-us700-million-ipo-17290685022048

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