Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide

South China Morning Post2023-03-03

Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in February
Bilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companies

People passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly Tse

Hong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.

The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.

Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.

The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.

This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.

Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.

Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.

Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

w00ters
2023-03-03
w00ters
Ok
来人
2023-03-03
来人
Ok
WooSM
2023-03-03
WooSM
Wow
neo26000
2023-03-03
neo26000
Institutions, please keep on buying so that I can recover my paper losses.

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Photo: Jelly TseHong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.","news_type":1,"symbols_score_info":{"HSI":0.9,"HSTECH":0.9,"HSCEI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9940825888,"gmtCreate":1677821688245,"gmtModify":1677821691933,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940825888","repostId":1150929517,"repostType":4,"repost":{"id":"1150929517","kind":"news","pubTimestamp":1677812113,"share":"https://ttm.financial/m/news/1150929517?lang=en_US&edition=fundamental","pubTime":"2023-03-03 10:55","market":"hk","language":"en","title":"Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=1150929517","media":"South China Morning Post","summary":"Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services","content":"<html><head></head><body><ul><li>Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in February</li><li>Bilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companies</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d476db94f1a99a94ec6e225870ac43f9\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly Tse</span></p><p>Hong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.</p><p>The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.</p><p>The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.</p><p>This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.</p><p>Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.</p><p>Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.</p><p>Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&amp;P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-03 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in FebruaryBilibili narrowed losses in the fourth quarter, adding to optimism about ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数","HSCEI":"国企指数"},"source_url":"https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150929517","content_text":"Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in FebruaryBilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companiesPeople passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly TseHong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.","news_type":1,"symbols_score_info":{"HSI":0.9,"HSTECH":0.9,"HSCEI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9940829863,"gmtCreate":1677818321053,"gmtModify":1677818324771,"author":{"id":"4094273791115360","authorId":"4094273791115360","name":"WooSM","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"4094273791115360","authorIdStr":"4094273791115360"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940829863","repostId":1150929517,"repostType":4,"repost":{"id":"1150929517","kind":"news","pubTimestamp":1677812113,"share":"https://ttm.financial/m/news/1150929517?lang=en_US&edition=fundamental","pubTime":"2023-03-03 10:55","market":"hk","language":"en","title":"Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=1150929517","media":"South China Morning Post","summary":"Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services","content":"<html><head></head><body><ul><li>Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in February</li><li>Bilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companies</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d476db94f1a99a94ec6e225870ac43f9\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly Tse</span></p><p>Hong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.</p><p>The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.</p><p>The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.</p><p>This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.</p><p>Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.</p><p>Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.</p><p>Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&amp;P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-03 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in FebruaryBilibili narrowed losses in the fourth quarter, adding to optimism about ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数","HSCEI":"国企指数"},"source_url":"https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150929517","content_text":"Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in FebruaryBilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companiesPeople passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly TseHong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.","news_type":1,"symbols_score_info":{"HSI":0.9,"HSTECH":0.9,"HSCEI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9940868845,"gmtCreate":1677814939088,"gmtModify":1677814942365,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","vip":1,"hat":"https://static.tigerbbs.com/f3e7f6253c885de8bad6403055b76aab","crmLevel":12,"crmLevelSwitch":1,"idStr":"4131703342800552","authorIdStr":"4131703342800552"},"htmlText":"Institutions, please keep on buying so that&nbsp; I can recover my paper losses.","listText":"Institutions, please keep on buying so that&nbsp; I can recover my paper losses.","text":"Institutions, please keep on buying so that I can recover my paper losses.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940868845","repostId":1150929517,"repostType":2,"repost":{"id":"1150929517","kind":"news","pubTimestamp":1677812113,"share":"https://ttm.financial/m/news/1150929517?lang=en_US&edition=fundamental","pubTime":"2023-03-03 10:55","market":"hk","language":"en","title":"Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=1150929517","media":"South China Morning Post","summary":"Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services","content":"<html><head></head><body><ul><li>Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in February</li><li>Bilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companies</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d476db94f1a99a94ec6e225870ac43f9\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly Tse</span></p><p>Hong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.</p><p>The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.</p><p>The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.</p><p>This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.</p><p>Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.</p><p>Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.</p><p>Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&amp;P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu up 3%, Bilibili up 7%: Hong Kong Stocks Halt Four-Week Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-03 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in FebruaryBilibili narrowed losses in the fourth quarter, adding to optimism about ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数","HSCEI":"国企指数"},"source_url":"https://www.scmp.com/business/china-business/article/3212171/hong-kong-stocks-halt-four-week-slide-chinas-economic-recovery-gains-traction-spurs-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150929517","content_text":"Stocks climbed more than 3 per cent this week, halting a four-week slump, as manufacturing, services improved in FebruaryBilibili narrowed losses in the fourth quarter, adding to optimism about earnings rebound among Chinese tech companiesPeople passing by a screen displaying the Hang Seng Index in Central, Hong Kong in October 2022. Photo: Jelly TseHong Kong stocks were headed for the first winning week in a month after a private report showed services activity in China expanded last month, underpinning bets on economic and corporate earnings recovery.The Hang Seng Index rose 0.4 per cent to 20,518.27 at 10.50am local time, taking the advance this week to 2.5 per cent. The Hang Seng Tech Index climbed 0.8 per cent while the Shanghai Composite Index added 0.2 per cent.Alibaba Group was flat and Tencent rose 0.8 per cent to HK$365.60. Search engine operator Baidu rallied 3.6 per cent to HK$147.00 as traders await its launch of ChatGPT-like bot later this month. Bilibili surged almost 6.8 per cent to HK$163.60 after fourth quarter losses narrowed.The Caixin PMI Services Index rose to 55 from 52.9 in January, beat market consensus of 54.5, today’s report showed. The gain, the fastest in six months, supported a government report earlier this week showing manufacturing grew at the fastest pace in a decade after Covid-19 curbs were dismantled.This week’s rebound halted a four-week slump, when the Hang Seng Index slipped more than 10 per cent into a technical correction, as investors fret the economic recovery will stoke inflation and limit the room for fresh stimulus.Traders are also waiting for Beijing to signal more policy support for the economy at the two sessions that kick off this weekend. The annual legislative and political consultative conferences could set bullish growth target as the nation further reopen its economy.Two stocks debuted on Friday. Sichuan Rongda Gold rose 32 per cent to 9.38 yuan in Shenzhen while chip-testing equipment maker JHT Design surged 44 per cent to 84.36 yuan in Shanghai.Most major Asian markets rose. Japan’s Nikkei 225 climbed 1.2 per cent and Australia’s S&P/ASX 200 added 0.3 per cent, while South Korea’s Kospi retreated 0.1 per cent.","news_type":1,"symbols_score_info":{"HSI":0.9,"HSTECH":0.9,"HSCEI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":85,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150929517","isCrawlerRequest":true}