Beijing’s Show of Resolve Helps Drive Hang Seng on 10-Session Win Streak, Analysts Say

Hong Kong’s benchmark stock index rose for the 10th straight session on Monday, as global investors are regaining confidence in the Chinese market after a recent Politburo meeting showed policymakers’ commitment to fixing problems with the economy.

As of Monday, the Hang Seng Index was up 9% this year.

Foreign investment was likely a driving force behind the recent run-up in the market, according to a Sunday report by Huatai Securities Co. Ltd. That’s because Chinese mainland investors had been largely absent last week when a key avenue for them to trade in Hong Kong was closed from Wednesday through Friday for the Labor Day holiday.