Stock Prices in Hong Kong Strengthened after Large Growth in USA
Following this, growth exceeded 1%. Positive dynamics were transmitted by 44 of the 50 leading blue chips that make up the index structure. The best results are demonstrated by assets associated with high-tech production, pharmaceuticals, and food. A 4% rise in paper holding AAC Technologies - a component supplier for Apple.
Improving business activity contributed to a positive wave from overseas. On Wednesday, the American industrial index Dow Jones soared 1173 points (4.53%) amid domestic political events related to the election race in the country.
At the same time, analysts predict in the near future strong volatility in the markets and a possible new wave of decline after the growth period of recent days. They point to a number of constraining factors associated with weak corporate reports of companies, the deterioration of the situation in a number of sectors of the economy due to coronavirus. Major losses last month were also recorded by leading jewelry retailers in mainland China and Hong Kong, casino operators in Macau, restaurant chains and airlines.