Chinese Stocks in Hong Kong Swing to Gain as Stimulus Calls Grow.

Chinese stocks listed in Hong Kong experienced volatile trading, with the Hang Seng China Enterprises Index closing up 0.3% after earlier sliding as much as 1.3%. Property shares declined, while utility stocks rose. Disappointing economic data has increased pressure on the government to implement fiscal and monetary stimulus to achieve this year's growth target. However, market participants remain skeptical about the effectiveness of future intervention. The weak macro conditions in China challenge the argument for owning Chinese equities, despite their low valuations. [Extracted from the article]