China Stocks Soar in Biggest Single-Week Jump Since 2008

Published On Sep 27, 2024, 1:53 AM

China's recent economic stimulus measures, including interest rate cuts, have resulted in a significant rally in the stock market, with the CSI 300 index rising nearly 15% in just one week. This marks the largest weekly gain for the index since November 2008. Additionally, the Hang Seng Index has also seen substantial gains this week. These developments may help boost consumer confidence in the face of declining prices, weak sales, and ongoing challenges in the housing market.