Home Stock & Shares Hong Kong stocks rise for fourth day on capital inflows from mainland

Hong Kong stocks rise for fourth day on capital inflows from mainland

by Paul

Hong Kong shares finished firmer on Tuesday, with the benchmark index rising for a fourth consecutive day as investors continued searching for high yields.

The mood in the Hong Kong market has been buoyed by a flood of capital pouring in from the mainland since last week, as investors there actively hunt for yields in a low-interest rate environment.

Chinese investors are also trying to get a head start on buying Hong Kong shares ahead of the expected November launch of a cross-border investment link between Shenzhen and Hong Kong.

Some analysts pointed out that investors have become cautious after the key index hit a series of one-year highs in recent days.

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