Reported 4 days ago
Chinese stocks experienced their first annual gain since 2020, recovering from three years of decline, while Hong Kong's market ended a four-year losing streak. The CSI 300 index rose 14.7%, and the Shanghai Composite Index gained 12.8%. Analysts attributed the recovery to supportive measures from authorities, including interest rate cuts and incentives for the property market. Despite a dip on the final trading day, overall sentiment was buoyed by optimism over policy support.
Source: YAHOO