Hong Kong’s Hang Seng Index jumped more than 2 percent to surpass the 18,000 points mark in Monday’s morning trading, extending gains seen this month to enter a technical bull market.
The benchmark index was up more than 20 percent from a low of below 15,000 points in January this year, marking the first time it has hit the psychological 18,000 points mark since November 2023. A bull market is generally defined by a 20-percent rise in stock prices over a period of time.
Hong Kong’s Hang Seng Tech Index, which represents the 30 largest technology companies listed in Hong Kong, continued to climb on Monday, with artificial intelligence software provider Sense Time jumping to a four-month high.
Hong Kong stocks have been among the best performers globally in April, with signs of inflows of overseas funds, analysts said.
