Hong Kong Shares Edge Higher in Volatile Trade; Property Stocks Rise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: WSJ
Market Overview: Hong Kong shares are slightly up in early trading, recovering from initial losses amid geopolitical tensions in the Middle East and positive policy signals from China. The Hang Seng Index is up 0.15% while property stocks like Shimao Group have seen significant gains.
Sector Performance: Property stocks are performing well, with notable increases, while transportation and telecommunications sectors are experiencing losses, particularly Cosco Shipping and ZTO Express.
Analyst Views on ZTO
About ZTO
ZTO Express (Cayman) Inc is a holding company that provides express delivery services and other value-added logistics services through a nationwide network. The express delivery services mainly include parcel sorting and route transportation. The Company provides express delivery services directly to corporate customers, including vertical e-commerce and traditional merchants, as well as delivering products to end consumers. The Company also provides freight forwarding services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
