Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Hong Kong’s leading equity index is on the verge of a technical bull market as stocks in the city continue this month’s impressive rebound due to overseas investment.The Hang Seng Index climbed nearly 2% on Monday, marking a rise of over 20% from its low on January 22.
If it closes at these levels, the index will be considered in a bull market, joining other indexes in China and Hong Kong that have recently reached this milestone.
Hong Kong stocks are among the top global performers in April, driven by strong inflows from mainland Chinese investors. These investors are likely seeking to diversify their currency exposure due to ongoing depreciation pressure on the yuan.
Additionally, there are indications that foreign funds are shifting away from expensive tech stocks in the US and elsewhere to invest in Chinese internet companies, which make up a significant portion of Hong Kong’s equity benchmark.
On Monday, property stocks were the top performers in the broader market, boosted by positive sentiment after a major developer resolved its liquidity issues with bondholders.
A Bloomberg Intelligence index of builder shares surged 10%, marking its best increase since September. Shares of Macau casino operators also rallied following the introduction of measures to ease the entry and exit process for Chinese citizens.
Food delivery giant Meituan and Tencent Holdings Ltd., China’s largest internet company, have been the primary drivers of the Hang Seng’s rise since its low on January 22, according to Bloomberg data.
With an almost 9% gain in April, the Hang Seng Index ranks among the top performers in a group of over 90 global equity indexes tracked by Bloomberg. The index is now up more than 5% in 2024, rebounding from an unprecedented four-year losing streak.
Equities in China and Hong Kong are recovering after a prolonged downturn, aided by attractive valuations, positive developments in China’s economy and corporate earnings, as well as measures from authorities to boost investor confidence.
However, concerns persist regarding geopolitical tensions and the potential for an uneven economic rebound, causing investors to remain cautious about fully committing to the asset class.
To have the best trading experience with us, open an account at Longhorn.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
