HKEJ Breaking News - Hong Kong Finance - 5 Must-Read News丨Morgan Asset Management: Hong Kong stocks need two catalysts to continue rising - HKEJ website hkej.com

1. J.P. Morgan Asset Management: Hong Kong stocks need two catalysts to sustain the uptrend after the rally in the Hang Seng Index

Hong Kong stocks surged 702 points today. Xu Changtai, Chief Market Strategist for Asia Pacific at J.P. Morgan Asset Management, believes the Hang Seng Index’s rise today may be related to investors playing catch-up. For the market to have a more sustained rally, it will need two catalysts to work in tandem.

2. A wave of lock-up expiries丨More than 80% of MiniMax’s pre-IPO and cornerstone investors have expressed support for long-term holding

MiniMax (00100) has hit a wave of lock-up expiries. According to mainland media reporting from MiniMax, more than 80% of the pre-IPO shareholders and cornerstone shareholders have clearly stated that they are bullish on the long term and will continue to hold.

3. Report: Mark Tucker returns to AIA, continuing a strong style and taking deep part in management

Citing people familiar with the matter, Bloomberg reported that after Mark Tucker, the former chairman of HSBC (00005), returned to AIA Insurance (01299), he is actively involved in strategic matters, making some executives uneasy.

4. Cathay Pacific flight bound for London briefly lost contact over Romania; NATO scrambled fighter jets to issue a visual warning

A Cathay Pacific flight from Hong Kong to London briefly lost contact with the air traffic control tower over Romania in Eastern Europe last Saturday. NATO deployed fighter jets to issue a visual warning.

5. Error in embryo biopsy sample at Heishu; Lo Chung-mau says the incident is unusual

An incident involving an error in embryo biopsy tissue samples from artificial conception at “Heishu Reproductive Medicine Center” occurred. The Secretary for Health and Medical Affairs, Lo Chung-mau, said the incident is unusual and requires reporting to the police for investigation.