Hong Kong, Oct 8, 2024 (AFP) - China stocks rally fizzles on stimulus worries amid Asia retreat

NAMPA / AFP

2024-10-08

Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong suffered its worst day in 16 years on disappointment at a lack of detail on Beijing's raft of economic stimulus announced last month. Shanghai and Shenzhen started the day on a blistering note -- piling on more than 10 percent -- as they reopened after a week-long holiday that had interrupted a rally sparked by a string of announcements by policymakers......

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