Reported 5 days ago
Chinese stocks listed in Hong Kong surged more than 8%, marking their biggest jump in nearly two years, as traders returned from a public holiday and reacted positively to recent government stimulus measures aimed at revitalizing the economy. The Hang Seng China Enterprises Index extended its winning streak to 13 days, driven by significant gains in property developers and brokerage shares. With growing interest from hedge funds and mutual funds, analysts suggest that the favorable valuations and renewed optimism could sustain this bullish trend in the market.
Source: YAHOO