5 Must-Read News丨J.P. Morgan Asset Management: Hong Kong Stocks Need Two Catalysts to Continue Rallying

1. J.P. Morgan Asset Management: Hong Kong stocks need two catalysts to sustain the rally

Hong Kong stocks surged 702 points today. Tai Hui, chief market strategist for Asia Pacific at J.P. Morgan Asset Management, believes that today’s rise in the Hang Seng Index may be related to investors playing catch-up. Going forward, the market needs two major catalysts working in tandem to support a more sustainable upward trend.

2. Lock-up expiry wave丨Over 80% of MiniMax’s pre-IPO and cornerstone shareholders pledge to hold long term

As the lock-up expiry wave hits MiniMax (MiniMax) (00100), mainland media learned from MiniMax that more than 80% of its pre-IPO shareholders and cornerstone investors have clearly expressed strong long-term confidence and will continue to hold their positions.

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

Citing people familiar with the matter, Bloomberg said that after Mark Tucker (Mark Tucker), the former chairman of HSBC (00005), returned to AIA (01299) insurance, he is actively taking part in strategic matters, making some managers uneasy.

4. A Cathay Pacific flight to London loses contact over Romanian airspace for a time; NATO scrambles jets to issue a visual warning

A Cathay Pacific passenger aircraft on a route from Hong Kong to London lost contact with the air traffic control tower for a time while over Romania in Eastern Europe last Saturday. NATO dispatched fighter jets to issue a visual warning.

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

An incident occurred in which embryo biopsy tissue samples were wrong during artificial insemination at the “Xiyu Reproductive Medicine Centre.” Secretary for Health Lo Chung-mau said the incident was unusual and requires reporting to the police for investigation.