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HKEX (00388.HK) Once Swells 5%; UBS Upgrades CN/ HK Equities to OW
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HKEX (00388.HK) opened up 1% today (23rd), and posted widened gain after midday, peaking at $231, up 5%. It last printed at $230.2, up 4.64%, on volume of 7.5381 million shares and turnover of $1.708 billion.

UBS released a report and upgraded its rating on Mainland China and Hong Kong stocks to Overweight. It explained that Hong Kong stocks have lagged in performance so far this year, with corporations raising dividend and benefiting from the potential recovery of the tourism industry.

Related NewsM Stanley Adds HKEX (00388.HK) TP to $223, Rating Underweight

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