Hong Kong stocks are rising fiercely! Low-priced stocks followed the trend. What are the reasons behind this sharp rise?

In the last 9 trading days, Hong Kong stocks have risen fiercely, and some low-priced stocks are also booming!

券商中國May 3 19:27

Express News | Hong Kong domestic insurance stocks continued to rise. China Ping An rose more than 5%, China Taibao, China Life Insurance, and Zhongan Online rose more than 4%, and AIA Insurance rose more than 3%.

BreakingsMay 3 14:47

Changes in Hong Kong stocks | Domestic insurance stocks continued to rise, insurers NBV performed well in the first quarter, and the sector's valuation rebound is expected to continue

Domestic insurance stocks continued to rise. As of press release, Zhongan Online (06060) rose 4.33% to HK$14.46; China Taibao (02601) rose 3.89% to HK$18.7.

Zhitong FinanceMay 3 13:45

Hong Kong insurance stocks strengthened collectively. Zhongan Online rose nearly 5%, China Taibao and China Taiping rose more than 3%, and AIA, China Ping An, and China Life Insurance rose more than 2%.

Hong Kong insurance stocks strengthened collectively. Zhongan Online rose nearly 5%, China Taibao and China Taiping rose more than 3%, and AIA, China Ping An, and China Life Insurance rose more than 2%.

Zhitong FinanceMay 3 09:49

Changes in Hong Kong stocks | Technet stocks strengthened once again. The stock index rose more than 4% in the intraday period and once reached the 4,000 mark, and JD rose more than 6%

The agency believes that overseas markets continue to fluctuate, so global assets are in demand for rebalancing. High-quality and undervalued Hong Kong stocks have become the main inflow source of foreign capital. Furthermore, as south-bound capital continues to net flow into the Hong Kong stock market, the cost performance ratio of undervalued high-quality assets on the Internet is prominent.

Zhitong FinanceMay 3 09:35

Express News | Hong Kong's Hang Seng Index closed up 2.5%, while the Hang Seng Technology Index closed up 4.45%. Shangtang closed up about 36%, NIO Auto closed up about 21%, Country Garden Service closed up about 13%, and Ali Health rose 11%.

BreakingsMay 2 16:10