Hong Kong Stocks Are Back With a World-Beating Surge This Week
- There’s cautious optimism about Chinese stocks, Pictet says
- Tencent has outperformed Magnificent Seven gauge this month
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All the signs are pointing to a revival of Chinese stocks.
Benchmarks in Hong Kong are having their best week in years. Foreign fund purchases of Chinese stocks through a trading link hit a record 22.4 billion yuan ($3 billion) on Friday. UBS Group AG has turned overweight, while others say there’s growing interest in one of last year’s worst-performers.