Hong Kong stocks will extend a rally after touching a 2 1/2-year high on optimism for China’s biggest package of policy changes since the 1990s and a stronger global economy, according to investors from JPMorgan Asset Management to Pictet Asset Management (HK) Ltd.
Emerging-market stocks gained, capping a second weekly advance, as a surge in German business confidence bolstered optimism about global growth. Brazil’s real jumped on speculation airport concessions will boost inflows.
Asian stocks rose, snapping a three- day loss on the regional benchmark index, as technology shares gained and a gauge of mainland Chinese shares traded in Hong Kong posted its biggest weekly advance in two years.
Gaw Capital Partners, a Hong Kong- based private equity real estate company, has bought the Waterside House in London for a group of South Korean investors, as interest in overseas properties from Asia grows.
China’s benchmark stock index rose to a one-month high after the central bank elaborated on plans to loosen controls on financial markets. Chinese equities in Hong Kong rallied for a fifth day to erase losses for the year.
Hong Kong stocks gained amid heavy volume, with gauge of Chinese shares listed in the city capping the biggest one-day gain since 2011, after China outlined sweeping reforms. Shares of insurers to baby products surged.