Chinese and Hong Kong Stocks Post Best Week Since 2008 on Beijing's Stimulus

Sep 27, 2024, 08:47 AM

Chinese and Hong Kong stocks have experienced their best week since 2008 and 1998, respectively, driven by a massive stimulus package from Beijing. The CSI 300 index rallied over 15%, while the Hang Seng Index also saw significant gains. This surge follows the Chinese Politburo's vows and aggressive economic measures ahead of the Golden Week holidays, marking the best performance since the global financial crisis and the most aggressive stimulus since the pandemic.