Stimulus Moves Give China And Hong Kong Stocks A Lift

Nikada Finally, a glimmer of light after Chinese and Hong Kong stocks made a dismal start to the year. The gloom had been unremitting since 2024 trading began. The Shanghai Composite Index fell below 2,900 points on Jan. 8 and broke below 2,800 points at the start of last week. Hong Kong’s Hang Seng also got off to a pitiful start as nervy foreign investors continued to flee the market. Even the CEO of Hong Kong Exchanges and Clearing Ltd. (OTCPK:HKXCF) (0388.HK), Nicolas Aguzin, conceded that confidence was lacking, leaving the market close to the point of a “capitulation” sell-off….