Chinese stocks diverge amid stimulus disenchantment, Trump worries

Chip rally fuels mainland indexes as $1.4tn debt swap disappoints

A stock display in Shanghai on Nov. 7. The markets appear underwhelmed by the government's latest economic stimulus program, while they continue to digest the potential impact of Donald Trump's return as U.S. president. © Reuters

ECHO WONG and WATARU SUZUKI, Nikkei staff writers

November 11, 2024 13:04 JST

Updated on November 11, 2024 18:27 JST

HONG KONG/SHANGHAI -- Hong Kong stocks fell on Monday as investors expressed disappointment with the Chinese government's latest move to shore up the economy, while mainland China shares closed slightly higher thanks to a rally in chip stocks.

The divergence came as investors digest Beijing's latest economic policies as well as the implications of Donald Trump's impending return to the White House.