Posted 2/15/2024, 2:35:18 AM
Hong Kong Stocks Rebound on Hopes of More Support from Beijing
- Hong Kong stocks rebound as investors bet on stronger support from Beijing to boost market confidence
- Fund manager Michael Burry recently increased his holdings in Alibaba and JD.com
- Investors want to see more action from China to shore up the economy and markets
- Survey shows regional funds still hesitant to invest in Chinese stocks despite stabilization efforts
- Hong Kong finance chief says economic outlook promising and dragon year bodes well historically for stocks