Chinese stocks soar over 8% in Hong Kong due to stimulus bets, boosting overall market confidence.

From Google: 2024-10-02 01:35:00

Chinese stocks surged more than 8% in Hong Kong due to increased bets on stimulus measures. The Hang Seng Index jumped 8.8%, marking its biggest gain since 2011. This increase came after the Asian nation’s top leaders promised to expand policy support to bolster the economy.

The rally in Chinese stocks also had a significant impact on other Asian markets. Japan’s Nikkei 225 index rose 2% while South Korea’s Kospi Index increased by 1.3%. These gains reflect the overall positive sentiment among investors following China’s commitment to boost economic growth through stimulus measures.

The Chinese government’s pledge to provide more support for the economy has been well-received by investors. This commitment to stimulus measures has helped boost market confidence and led to a surge in stock prices across various Asian markets. The positive sentiment from China’s announcement has had a ripple effect on other global markets as well.



Read more at Google: Chinese Stocks Soar More Than 8% in Hong Kong on Stimulus Bets – Bloomberg