Looks like the world is now recalibrating their investment strategy in China (including Hong Kong) and the pumps continue …
Will those ex-China fund move back?
China stocks see best week since 2008 on stimulus impact as most Asia markets rise
https://www.cnbc.com/2024/09/27/asia-markets.html
Key Points
- Chinese markets have recorded their best week in almost 16 years as the mainland’s CSI 300 is poised for a nearly 15% rally this week.
- Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998
- China’s central bank cut its 7-day reverse repurchase rate to 1.5% from 1.7%, as well as lowered the reserve requirement ratio for banks by 50 basis points.
- China’s industrial profit data for August saw a 17.8% plunge year on year, following a 4.1% year-on-year increase in July.
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