Shares of Hong Kong Exchanges and Clearing (HKEX) soared 11.71% on Tuesday, driven by strong buying interest from mainland Chinese investors ahead of the National Day holiday in China.
According to reports, mainland traders ramped up their purchases of Hong Kong stocks on Monday, with HKEX being one of the top targets. Mainland investors bought a net HK$12.1 billion (US$1.54 billion) worth of Hong Kong shares, marking the biggest single-day total in more than half a year.
The increased buying activity from mainland investors is believed to be related to positioning ahead of the week-long National Day break in China. Investors from the north have already purchased $64 billion of Hong Kong stocks so far this year, surpassing the total of $42 billion in 2023.
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