** China's blue-chip CSI 300 Index rose 0.97%, while the Shanghai Composite Index climbed 0.77%.
** Hang Seng Index jumped 2.31%, while Hang Seng China Enterprises Index gained 2.67%.
** The S&P 500 rose 0.3% overnight and Nasdaq 100 advanced 0.8% as investors focused on the bright side for earnings after the U.S. January retail sales surged.
** Before today's rebound, Hong Kong's Heng Seng Index had
declined 9% from the peaks of its recent rally on January 27.
Analysts said Hong Kong shares could have hit a short-term
bottom but may still be volatile going forward
** "The pressure of the first wave of correction in Hong
Kong stocks should have been largely released," said Jun Zhang,
head of research at ChinaAMC (HK).
"The future capital inflow will depend on whether the fundamentals of the listed companies are improving."
** Linus Yip, chief strategist at First Shanghai Securities said China A-shares could be more stable compared to Hong Kong stocks, as local investors just started to come back to the market.
** China's January air passenger traffic rose 34.8% from a year earlier, the aviation regulator said at a regular news conference on Thursday , sending Air China , China Eastern Airlines and China Southern Airlines up 3.6%, 1.9% and 1.7% respectively.
** China's new home prices rose in January for the first
time in a year, up 0.1% month-on-month, official data showed on
Thursday, as the end of the zero-COVID regime, favourable
property policies and market expectations for more stimulus
measures boosted demand.
** Telecom stocks jumped 3.2% as investors
believe ChatGPT will drive demand for bandwidth. China Telecom surged 10% and China United Network Communications up 5.9%. Tourism companies also
advanced 2.1%.
** In Hong Kong, Heng Seng Tech index jumped 4.2%. JD.com soared 7.5%. (Reporting by Summer Zhen; Editing by Nivedita Bhattacharjee)
