#HongKong Stocks Jump on Resumption of Markets; Tencent Up 4%, NetEase Jump 11% (27 Dec 2023)

Hong Kong stocks advanced as markets resumed, with sentiment uplifted by China's move to ease concerns over its proposed gaming rules and the double-digit gains in China's industrial profits.

The Hang Seng Index gained 1.7%, or 284.43 points, to finish Tuesday's trade at 16,624.84. The Hang Seng China Enterprises Index jumped 2.1%, or 114.71, to 5,603.70.

Technology giants Tencent Holdings 700 and NetEase NTES jumped 4% and 11.9%, respectively, after Chinese authorities gave the green light to 105 new online games.

The approval brought damage control for Chinese tech firms after billions of dollars worth of their equities were sold off last week due to Beijing's proposed restrictions on gaming rewards and spending. The government assured that the rules are not yet finalized.

Adding to the positive market sentiment, the profits for Chinese industrial firms soared 29.5% in November from the prior year, according to data from the National Bureau of Statistics. The figures showed a boost among industrial companies following a 2.7% rise in October.

TO GET ACCURATE LIVE ACCURATE 2-3 TRADES (Forex/Comex/Stocks) Telegram me: Financial Advisor

BEST FOREX SIGNAL TELEGRAM GROUP
XAUUSD FOREX INDICES ACCOUNT MANAGEMENT

#SaudiArabia #UAE #Qatar #HongKong #Portugal #PortugueseGP #France #forex #commodities #forexSaudiarabia #forexYemen #forexasia #forexJordan #Singapore #UAE #UK #forexsignals #SwingTrading