Oct 11, 2023 01:27 PM
FINANCE
China Stocks Rally as Infrastructure Stimulus Bets Aid Sentiment
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An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai on Oct. 9. Photo: Bloomberg
(Bloomberg) — Chinese stocks advanced after a report saying Beijing is planning further support for the nation’s struggling economy boosted sentiment.
The Hang Seng China Enterprises Index rose as much as 2.1% in early trading, as tech shares including Meituan and Alibaba Group Holding Ltd. surged. The onshore benchmark CSI 300 Index rose as much as 0.9%, halting a two-day losing streak this week.
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