Chinese Stocks in Hong Kong Extend Gains to Reach Milestone
- Key China stock gauge entered a technical bull market
- Rally comes as positive corporate developments lift mood
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Chinese stocks trading in Hong Kong rallied to reach a key milestone as sentiment improved following upbeat economic data and corporate developments.
The Hang Seng China Enterprises Index gained 2.1% on Wednesday, taking its advance from a Jan. 22 low to more than 20%. The gauge has entered a so-called technical bull market for the first time since China scrapped Covid controls in late 2022.