Expat investing in Hong Kong’s Hang Seng Index rose

Expat investing in Hong Kong’s Hang Seng Index rose after a 6% rebound in April. Mainland stimulus measures and reduced property market volatility have supported equity valuations, while currency peg stability reduces forex risk for offshore investors. Although it's one of the world's most expensive cities, HSBC Expat says international workers are still drawn to the city-state by its high salaries, opulent lifestyles, and convenient location for travel across Southeast Asia. Additionally, Levitt says U.S. citizens should avoid investing in certain securities in their country of residence because they can come with steep tax consequences. Expat investing into US large-cap growth funds intensified, with S&P 500 up 3.4% in April. Earnings beats in tech and consumer sectors dominate market sentiment, while dollar strength continues to attract foreign capital inflows.