China, Hong Kong shares volatile after fiscal stimulus is outlined

Investors still anxious for spending specifics; analysts see reasons for optimism

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A junction in Shanghai with a display of stock indexes. A recent series of stimulus measures has propelled a Chinese market rally, but investors are eyeing the scale of expected fiscal spending. © Reuters

WATARU SUZUKI and STELLA YIFAN XIE, Nikkei staff writers

October 14, 2024 12:09 JST

Updated on October 14, 2024 17:42 JST

SHANGHAI/HONG KONG -- The mainland China and Hong Kong stock markets were volatile on Monday, after the Ministry of Finance outlined fiscal support for the economy on Saturday but refrained from revealing the size of additional spending.

The CSI 300 Index, a benchmark for Shanghai- and Shenzhen-listed stocks, briefly dipped into negative territory shortly after opening but closed up 1.9%, while the main index in Shanghai gained 2.1%.