The Hong Kong stock market fluctuates a lot on Friday (October 4), and its stocks in Hong Kong have risen slightly.
The Hang Seng China Enterprise Index rose 0.3 % at 10:08 in the early morning in Hong Kong, and it had fallen 1.4 % before.The index fell 1.6 % at the closing day of the previous trading day, more than 30 % from the low point in September.The Chinese stock market has been closed during the "Eleventh" Golden Week holiday until next Monday (7th).
The Chinese government's stimulus plan has triggered a wave of purchases since last week, the increase since November 2008.Wall Street's heavyweight HSBC Holdings and BlackRock strategists, currently watching the Luang stock market, which is currently sluggish.
However, as traders start arbitrage, and wait for the details of the fiscal stimulus plan and the holiday expenditure data to further boost confidence, the initial optimism of the market is cooling.
Bloomberg quoted Morgan Chase chief Asian market strategist Xu Changtai (Tai Hui) said that the current focus turns to consumers' response in the Golden Week holiday and how the government will follow up with more financial support.It is a key factor in maintaining the current rise.
