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Hong Kong stocks close-in on bull market territory

Hong Kong stocks

In yet another sign of the building confidence among global investors that central banks will soon roll out measures to boost economies, Hong Kong stocks were close to entering a bull market Thursday.

The Hang Seng Index HSI, +0.81% was last up 0.6% at 22003.65, having risen in six of the past seven trading sessions. Property and financial stocks propelled the benchmark’s recent gains, with those sectors up 2.5% and 1.5%, respectively, this week.

Hong Kong’s equity gains in the morning tilt the Hang Seng Index into positive returns for the year to date, and it is up more than 20% from its low in mid-February. If it keeps the gains to the close, it will enter bull market territory.

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Paul

The author Paul