Hong Kong equities rose for a second session on Friday, with the benchmark Hang Seng closing around the 20,150 level, driven by gains among materials and energy stocks. In corporate news, Reuters said that China Tourism Group Duty Free Corp aims to raise $2.16 billion through a new listing in Hong Kong, in what will be the most significant share sale in the city so far in 2022. China Hongqiao Group and Li Ning were among the biggest gainers on the index, up nearly 5% each. The Hang Seng index ended the week virtually flat.
Historically, the Hong Kong Stock Market Index (HK50) reached an all time high of 33484.08 in January of 2018. Hong Kong Stock Market Index (HK50) - data, forecasts, historical chart - was last updated on August of 2022.
The Hong Kong Stock Market Index (HK50) is expected to trade at 19294.87 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 16810.03 in 12 months time.