China, Hong Kong stocks win back investors on economic recovery

Benchmark indexes approach S&P 500 gains, with banks and oil majors leading pack

20240508N HKEX

Hong Kong's benchmark Hang Seng Index recently enjoyed its longest winning streak since 2018. (Photo by Ken Kobayashi)

NORIYUKI DOI, KENSAKU IHARA and YASUHA MINAMI, Nikkei staff writers

SHANGHAI/HONG KONG/TOKYO -- Stocks in mainland China and Hong Kong have regained momentum, as positive economic indicators and a government push to strengthen the capital market draw investors hunting for higher dividends.

Hong Kong's Hang Seng Index and the Shanghai Composite Index have climbed 7.4% and 5.2% since the end of 2023, respectively, even as they dipped slightly on Wednesday.

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