Traders in mainland China rushed to snap up Hong Kong stocks before the “golden week” holiday begins, as Beijing’s surprise policy bazooka ignited a buying spree. Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped…
Traders in mainland China rushed to snap up Hong Kong stocks before the “golden week” holiday begins, as Beijing’s surprise policy bazooka ignited a buying spree. Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped…
(Bloomberg) — US lawmakers are signaling to China that the world’s second-largest economy and its companies face a tough slog in America for the foreseeable future, regardless of who controls Washington after the November election. Most Read from Bloomberg At a divisive point in the country’s campaign cycle, House members overcame partisan tensions to vote…