Hong Kong and Chinese stocks strengthened by about one percent during the first trading session of 2021. On Chinese stock exchanges, technological stocks strengthened, while in Hong Kong, industrial companies and companies processing input raw materials.
The main index of the Shanghai Stock Exchange strengthened by 0.9 and the CSI300 index, which associates so-called blue chips, even by 1.1 percent. The index mapping the technology segment of the market strengthened the most, adding almost four percent. The STAR50 index then added just over two percent. Investors have entered the new year full of optimism, expecting the world’s second strongest economy to return to similarly massive growth as before the outbreak of the coronavirus pandemic.
The Hong Kong Hang Seng Index strengthened by 0.9 percent to 27,472.81 points, the highest value since February last year. The driving force behind the Hong Kong Stock Exchange was the industrial sector, which added 3.3 percent, and raw material processing companies, which strengthened by 4.7 percent. Investors have once again relished traditional companies, believing that the global economy will soon begin to recover from the crisis. This was already indicated by the December data for the Chinese industrial sector.