Back to Search
Start Over
Chinese Stocks Soar More Than 6% in Hong Kong on Stimulus Bets.
- 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