HK Stocks Eye Turnaround With Best Week in 12 Years: In Charts
- Rally is accompanied by rising volume and strong momentum
- Southbound Stocks Connect sees 20 straight days of inflows
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Chinese stocks are having a stunning week with the Hang Seng Index on track for its best week since 2011.
The Hang Seng Index is up almost 10%, driven by strong US earnings and a string of positive local narratives including Tencent’s gaming approvals, bond extensions for Chinese developers, and persistent Stocks Connect inflows given easing ETF rules.