OREANDA-NEWS. Trading on the Hong Kong Stock Exchange on Tuesday ended with a significant increase in quotes across the entire spectrum of stocks. According to the results of the day, the Hang Seng Index rose by 4.46% to 22663 points, according to the site.

Positive dynamics was passed on to all blue chips without exception. A positive factor for the market was the willingness of the US Federal Reserve to take measures to support the economy in the context of the coronavirus pandemic. However, local analysts consider the current surge in quotes a short-term phenomenon. "I think today's rally in Asia will not be long", Kenny Wen, an expert at Hong Kong-based Everbright Sun Hung Kai, said.

“This is not a growth trend,” agrees Louis Jie, managing director of VC Asset Management. "We are not approaching any turning point, because the virus still exists. We haven't left the forest yet, but are somewhere in the middle", the financier believes. He expressed doubt that the recovery could last longer than two to three days, because "now the end of the first quarter is coming and the market is under strong pressure".