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
Sources from Mehr News Agency: The Americans have requested, through intermediaries from various countries, the continuation of negotiations with Iran
Mehr News Agency, citing sources: The Iranian Foreign Ministry is considering a US request to continue negotiations after they failed to halt Iran's nuclear capabilities
Al Mayadeen's correspondent: Five martyrs and several wounded after the occupation targeted a group of civilians in Al-Rimal neighborhood, west of Gaza City
Hamas: The comprehensive failure, military, political, and moral, exposes the falsehoods of the Zionist propaganda machine and reaffirms that our struggle is one of willpower and steadfastness
Hamas: Hamas: The slogans of "crushing defeat" and "total eradication" of the movement have collapsed in the face of explosive tunnels and the Resistance’s ambushes
Hamas: 640 days into the aggression, the occupation has utterly failed to break Gaza’s will or subdue its resistance
Iranian FM spokesperson denies Trump’s claims about Iran requesting a meeting with the US: We have made no such request to the American side
OHCHR: We have concerns that Nasser's arrest is part of efforts to eliminate legitimate forms of Palestinian expression
Al Mayadeen's correspondent: Six killed or injured in Israeli drone strike on displaced persons’ tents in Sanabel camp, al-Mawasi, west of Khan Younis
Al Mayadeen's correspondent in Gaza: Several injuries reported as a result of the drone strike on the displaced persons' tent in the Al-Mawasi area, west of Khan Yunis

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

Syria demands 1/3 of Golan, Lebanese areas for 'Israel' peace deal

Syria demands 1/3 of Golan, Lebanese areas for 'Israel' normalization

  • MENA
  • 4 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • Today
Al-Qassam hits IOF groupings in Khan Younis; ‘tough incident’ reported

3 Israeli soldiers killed by Resistance gunfire in south, north Gaza

  • Palestine
  • 4 Jul 2025
Concrete and rubble fall from a heavily damaged building as Israeli soldiers search for survivors in a residential area hit by a missile fired from Iran, near Tel Aviv, occupied Palestine, Sunday, June 15, 2025 (AP)

'Israel' concealed damage inflicted by Iran in war, report finds

  • Politics
  • 5 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Big beautiful bill's ugly reality for American healthcare
US & Canada

'Big beautiful bill's' ugly reality for American healthcare

Ukrainian Forces struggle to hold Eastern front lines: NYT
Europe

Ukrainian forces struggle to hold eastern frontlines: NYT

Plan proposes transit camps for Gazans ahead of possible relocation
US & Canada

GHF proposed 'transit areas' plan prior to Gaza residents 'relocation'

Lavrov: IAEA will be held accountable for pre-strike Iran assessments
Europe

IAEA to be held accountable for pre-strike Iran assessments: Lavrov

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