Analysts believe that there are three main reasons for the strength of Hong Kong stocks
2025-02-03 16:36:30

Compared with the plunge in the external markets, the performance of Hong Kong stocks today can be described as strong. Analysts believe that there are three main reasons for the strength of Hong Kong stocks: First, the DeepSeek craze. Data shows that since its launch, the AI chatbot developed by DeepSeek has been downloaded more than 16 million times worldwide in just 18 days, topping the Apple AppStore download rankings in 140 countries and also ranking first in the AndroidPlayStore in the United States. Secondly, the data during the Spring Festival was good. On February 2, the Hong Kong Immigration Department recorded a total of nearly 1.14 million people entering and leaving the country throughout the day. Macau received 189,100 visitors on the fifth day of the Lunar New Year (February 2), an increase of 6.9% year-on-year. Sun Hung Kai Properties said that the flow of people and business during this year's Lunar New Year holiday (January 29 to February 2) increased by about 10% compared with the same period last year. In addition, the foreign media "Wall Street Journal" also reported some positive rumors about trade disputes during the session, which may also be an important reason for the warming of the market.
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