The Hang Seng Index night futures closed at 23,640 points, with a discount of 188 points.
As of May 22, the Hang Seng Index night futures (May) closed at 23,640 points, down 143 points or 0.601%, trading at a discount of 188 points.
Morgan Stanley raised the target for several indices in mainland China and Hong Kong, expecting the Hang Seng Index to reach 24,500 points by mid-next year.
Morgan Stanley released a report, raising the target for the Hang Seng Index, Hang Seng China Enterprises Index, CSI 300 Index, and Msci China Index under the basic scenario. The latest forecasts for June 2026 are 24,500 points, 8,900 points, 4,000 points, and 78 points respectively, indicating a potential increase of 3% to 5% from the current level, considering corporate profit and valuation adjustments, improved economic outlook, slight appreciation of the Renminbi against the US dollar, as well as leading developments in a new generation of artificial intelligence and Technology in mainland China.
Market overview | All three major indices rose, with the Hang Seng Index closing up 0.62%; Gold and pharmaceutical stocks strengthened; POP MART surged nearly 4% to set a new historical high, while MEITU rose nearly 19%.
Network Technology stocks and Gold stocks strengthened, POP MART, POP MART, and BYD reached new historical highs, MEITU rose nearly 19 %.
Express News | The Hong Kong Hang Seng Index closed up 0.62%, and the Hang Seng TECH Index rose 0.51%.
J.P. Morgan: For Hong Kong stocks to break through, a smooth trade agreement between China and the U.S. is required, with the timing possibly in the third quarter.
Liu Mingdi, chief Asia and China Stocks strategist at JPMorgan, stated that during the 90-day period of continued negotiations between China and the U.S., Hong Kong stocks are expected to fluctuate within a Range. A breakthrough in the Hong Kong stock index requires the U.S.-China negotiations to successfully reach an agreement, which may take until the third quarter.
Hong Kong stock afternoon review | The three major indices fluctuate and rise, the Hang Seng Index rises by 0.53%, and the Tech Index rises by 0.43%; Contemporary Amperex Technology rises over 11%, and MEITU rises over 12%.
On May 21, the three major indices of the Hong Kong stock market all rose, with the Hang Seng Index up 0.53%, the Technology Index up 0.43%, and the Hang Seng China Enterprises Index up 0.68%. There were 935 stocks rising, 829 falling, and 1,371 closing flat.
