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Chinese Stocks Soar More Than 6% in Hong Kong on Stimulus Bets.

Authors :
Yang, Charlotte
Hsu, Winnie
Source :
Bloomberg.com; 10/1/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Chinese stocks listed in Hong Kong experienced a significant increase, with the Hang Seng China Enterprises Index rising by as much as 6.6%. This rally is attributed to optimism about China's economy and the recent stimulus measures implemented by the authorities, including interest-rate cuts and liquidity support for stocks. The attractive valuations of Chinese stocks after a three-year decline are also attracting investors. Hedge funds are showing increased interest in Chinese stocks, with several entering bullish positions and buying Chinese large cap stocks. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180032799