China Stock Traders Ponder How Far Blockbuster Rally Can Go
- Hang Seng China gauge has gained about 36% since Sept. low
- Traders await release of holiday data, fiscal stimulus details
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As Chinese stocks in Hong Kong cap their best two-week rally since 2007, questions are arising over just how far this rebound can go.
The Hang Seng China Enterprises Index has gained 36% since last month’s low, with a bulk of the gains coming after Beijing’s bumper stimulus announcement on Sept. 24. Some stocks have seen astronomical gains as share prices more than doubled in a matter of days.