Business
Hang Seng Index Peaks at 32-Month High as China Returns from Golden Week: Anticipation Builds for Potential Stimulus Measures
The Hang Seng Index continues its upward trend, reaching a peak not seen in the last 32 months, prior to China resuming trade after the Golden Week vacation. The stock market in Hong Kong has seen over a 9% increase since September 30, coinciding with the closure of mainland markets for the 'Golden Week' holidays.
Investors are eagerly anticipating a Tuesday press conference from Chinese officials, where additional stimulus steps could be disclosed, potentially boosting market morale even more.
Markets in mainland China are poised to resume operations on Tuesday following the "golden week" vacation. During their closure, the Hang Seng Index has seen an increase of 9.3 percent since September 30.
On Monday, the primary stock index of the city surged 1.6 per cent, finishing at 23,099.78. This marks its first close above the 23,000 level since February 2022.
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