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Foreign Market News

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(25 Apr 2024, 15:38)

Hong Kong Market marks four days win

Hong Kong share market finished higher for fourth straight session on Thursday, 25 April 2024, as risk sentiments underpinned by bets on the economic stimulus promised by China and global investment houses upgrades of their views on Chinese shares.

Goldman Sachs' forecasted a potential surge of up to 40% for Chinese shares if the country introduces reforms for corporate governance, dividend distributions and institutional ownership. The bullish outlook follows UBS' upgrade on Chinese stocks to overweight, citing competent corporate earnings and fiscal support as the major factors for the upgraded index.

Adding to the positive sentiment is the China Securities Regulatory Commission's commitment to expanding the stock connect cross-border investment scheme in Hong Kong, a step in...

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