Stock Track | HKEX Soars 5.86% on AI Boom and Market Sentiment Recovery

Stock Track

Feb 21

Hong Kong Exchanges & Clearing Ltd. (00388.HK) saw its shares soar 5.86% in intraday trading on Friday, propelled by investor optimism around the rise of artificial intelligence (AI) and a recovery in sentiment towards Chinese stocks.

According to Citi Research analyst Michael Zhang, the surge in AI has fueled investor sentiment towards tech stocks, leading to a rise in trading volumes. As a key beneficiary of this trend, HKEX is likely to remain supported in the near term. Furthermore, the improving market sentiment towards Chinese stocks, coupled with the increasing number of dual-listings of mainland companies in Hong Kong, could contribute to a recovery in the Hong Kong IPO market.

Reflecting this positive outlook, Citi has upgraded its rating on HKEX to Buy from Sell, raising the target price to HK$370 from HK$275.

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(00388.HK) saw its shares soar 5.86% in intraday trading on Friday, propelled by investor optimism around the rise of artificial intelligence (AI) and a recovery in sentiment towards Chinese stocks.</p>\n\n<p>According to Citi Research analyst Michael Zhang, the surge in AI has fueled investor sentiment towards tech stocks, leading to a rise in trading volumes. As a key beneficiary of this trend, HKEX is likely to remain supported in the near term. Furthermore, the improving market sentiment towards Chinese stocks, coupled with the increasing number of dual-listings of mainland companies in Hong Kong, could contribute to a recovery in the Hong Kong IPO market.</p>\n\n<p>Reflecting this positive outlook, Citi has upgraded its rating on HKEX to Buy from Sell, raising the target price to HK$370 from HK$275.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00388","symbol_name":"香港交易所","start_time":0,"source_url":"","article_id":"1114415909","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114415909","pubTimestamp":1740111417,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hong Kong Exchanges & Clearing Ltd.  saw its shares soar 5.86% in intraday trading on Friday, propelled by investor optimism around the rise of artificial intelligence  and a recovery in sentiment towards Chinese stocks.According to Citi Research analyst Michael Zhang, the surge in AI has fueled investor sentiment towards tech stocks, leading to a rise in trading volumes. 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