China market’s best day has 3.5 trillion yuan of stocks traded, as Hong Kong takes a break

Quick Summary:

The CSI 300 Index pared gains after registering a record intraday jump while the Hang Seng Index slumped the most since 2008.

China’s onshore listed stocks soared after the markets reopened following the “golden week” holiday.“Without a massive and direct boost to spending, the optimism could fade fast, leaving investors wary of chasing this rally higher”, said Stephen Innes, managing director at SPI Asset Management.

China market’s best day has 3.

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Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongChina

Topics: Markets Reopened Cent Mainland Rally Record Hong Gains Offshore China Market’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 09:55:03 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 249 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22994517

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