Cheung Siu-chung: Hong Kong stocks show signs of stabilising, can buy in tranches

Cheung Siu-chung said Hong Kong stocks show signs of stabilising and can be bought in tranches. The Hang Seng Index rose 59 points yesterday to close at 24,271 points, with turnover of $162.6 billion, advancing on the support of banking stocks, while the Japanese and Taiwanese stock markets edged down and the South Korean market fell sharply. He noted that the market narrative recently has been leaning towards being bullish on Hong Kong stocks, and there have been some signs of warmth in policy.