Hong Kong stocks saw their largest leap in 18 months following China’s announcement of a substantial stimulus package, which includes 800 billion yuan (US$113.7 billion) in new financing tools for purchasing shares and reductions in borrowing costs.
The Hang Seng Index climbed 4.1% to close at 19,000.56, marking its biggest gain since March 1, 2023.
Nearly all stocks on the 82-member benchmark rose, with financial companies and property developers driving the rally. Additionally, the Hang Seng Tech Index experienced a notable increase of 5.9%.
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