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The industrial and consumer sectors continued to fuel up momentum, with the Hang Seng Index soaring to a one week high on Monday16,587.57Point, surge234.18Point or1.43%。 The latest economic data has laid a positive foundation for the market,2Consumer prices in China rebounded in the month, ending a prolonged period of5A month of deflation.
As the Hang Seng Index rebounds, the technology, finance, and real estate sectors follow suit. The People's Bank of China(PBoC)Sunday's statement added a catalyst to the overall market, stating the continuation of China's financial market opening goals, promising support for the stock market connectivity plan, and working to improve the investment environment.
Last week, Pan Gongsheng, the Governor of the People's Bank of China, announced that Beijing will strengthen its strong monetary policy and maintain the stability of the RMB exchange rate. He also emphasized the importance of following 2023 Twice annual revision of deposit reserve ratio(RRR)Afterwards, there is still room for further downward adjustment.
All industrial sectors have shown signs of inflation. Financial slight increase 0.5%Technology is the most prominent and rising trend2.8%。 Tencent Holdings is one of the top players, rising sharply3.0%, while other indicator stocks such as JD.com(6.6%)Meituan(5.7%)Chuangke Industry(5.2%) And Kwai technology(3.9%), and Chow Tai Fook Jewelry(3.3 %)Further enhance the optimistic atmosphere in the market.
(Hang Seng Index Weekly Chart)
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