Hong Kong Has Suddenly Turned Into World's Best Stock Market
- Hang Seng Index outperformed world’s major indexes this week
- City’s currency nears midpoint of trading band with greenback
Exchange Square in Hong Kong.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Central banks have helped supercharge a rebound in Hong Kong stocks.
The Hang Seng Index jumped 5% this week, beating all other 93 major benchmarks tracked by Bloomberg. That’s its best weekly rally since early November. The Hang Seng Enterprises Index was a close second, adding 4.8%. The Hong Kong dollar strengthened towards the midpoint of its trading band with the greenback, a level it hasn’t breached since September.