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HK Finance Stocks Eye Best Month in Two Years as Tech Hopes Wane

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HK Finance Stocks Eye Best Month in Two Years as Tech Hopes Wane Financial stocks listed in Hong Kong are poised for their biggest monthly advance in nearly two years, with investors piling into banks and insurers as enthusiasm for technology shares fades. The Hang Seng Index’s finance sub-gauge has jumped 11% in July, on course for its best month since September 2024. Traders are betting that the sector’s improving earnings and attractive dividends can support returns as they question the...

HK Finance Stocks Eye Best Month in Two Years as Tech Hopes Wane Financial stocks listed in Hong Kong are poised for their biggest monthly advance in nearly two years, with investors piling into banks and insurers as enthusiasm for technology shares fades. The Hang Seng Index’s finance sub-gauge has jumped 11% in July, on course for its best month since September 2024. Traders are betting that the sector’s improving earnings and attractive dividends can support returns as they question the durability of the artificial intelligence boom.
HK Finance (ORG) Tech (ORG) Hong Kong (LOCATION)
Originally published by Bloomberg Markets Read original →