China’s Everything Rally Hits Multiple Milestones: In Charts
- Hang Seng Index is on track for best week since 1998
- Turnover highlights strong investor appetite for China
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It’s a week for the record books in China’s markets. Investors have embraced the government’s coordinated fiscal and monetary stimulus, with the Hang Seng Index now on track for the best week in 26 years.
The equity gauge is set for the biggest weekly gain since 1998, the year China vowed unequivocal support for Hong Kong’s dollar peg and its economy after the market crashed.