Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

Hong Kong stocks rocket to extend surge

  • By Al Mayadeen Net
  • Source: Agencies
  • 17 Mar 2022 08:34
3 Min Read

Hong Kong stocks soared more than 6% at the start of trade Thursday morning, extending the previous day's 9% gain.

  • x
  • Hong Kong stocks rocket to extend surge
    Hong Kong stocks rocket to extend surge.

Hong Kong stocks rose 9% on Thursday, extending the previous day's rise, as investors re-entered the market following China's commitment to supporting it.

By the break, the Hang Seng Index had risen 5.79% or 1,163.47 points to 21,250.97.

Shanghai Composite Index

The Shanghai Composite Index gained 2.59% or 82.25 points to 3,252.96, while the Shenzhen Composite Index gained 3.56% or 74.25 points to 2,160.50 on China's second market.

Investor confidence skyrocketed on Wednesday as Chinese authorities stated they will maintain capital market stability and implement risk-management measures for distressed property developers.

Hang Seng Tech Index 

The Hang Seng Tech Index rose more than 10% on Thursday, following a record gain of more than 20% the day before.

And market heavyweights in the technology sector expanded on their rapid gains, with Alibaba, Tencent, JD.com, XD Inc, and Meituan all up between 7% and 15%.

"In the short term, it's fund flow and liquidity that's driving up the whole market, on the back of such a cheap valuation level," said Kenny Wen, at Everbright Sun Hung Kai Co.

"But whether the market can keep rallying is really up to the regulatory environment and corporate earnings recovery story."

He added that "tech will keep recovering but it remains challenging for them to recover to the previous levels, given the shifted regulatory regime in general".

Evergrande 

Troubled Evergrande was up over 20%, following an 11% increase on Wednesday, on prospects for government assistance as it struggles under a mountain of debt.

Thursday's bounce came on the heels of a good performance on Wall Street when an index of Chinese firms listed in the United States gained 33%.

The gains were also aided by Federal Reserve Chairman Jerome Powell's bullish view of the US economy after the bank raised interest rates by a quarter-point for the first time since 2018.

Powell said there was little chance of a recession in the next year and noted that it was "very strong and well-positioned to handle tighter monetary policy."

He told reporters after the rate hike, "We're not going to let high inflation become entrenched. The costs of that would be too high." 

He added that the Fed was determined to utilize its "powerful tools" to prevent this and that a forecast of future hikes suggested that another six could be on the way before the end of the year.

  • Hong Kong
  • China
  • Shanghai Composite Index
  • Hang Seng Tech Index
  • Evergrande

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS