Hong Kong snaps six-day winning streak as China stimulus rally fizzles - Tellbrief.com

Hong Kong snaps six-day winning streak as China stimulus rally fizzles

Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct.

29, 2020. Hong Kong stocks plunged on Thursday, snapping a six-day winning streak, as the China stimulus rally appeared to ease.

The Hang Seng index closed 1.47% lower to end at 22,113.

51, coming off a strong session on Wednesday that sent the index to its highest level since January 2023. Hang Seng Mainland Properties Index briefly had declined as much as 10% before paring some of the losses.

Chinese stocks had been on a tear after authorities announced a slew of support measures last week...

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