China, Hong Kong stocks score best week in years on stimulus euphoria

Authorities fire up markets but some investors wary of being burned again

20240927 china stocks

Shanghai's Lujiazui financial district. Chinese stocks surged this week as authorities ramped up economic stimulus efforts. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- China's stock market had its best week in more than a decade as authorities served up a string of stimulus measures. The rush of optimism, however, is being tempered by nagging questions over how much the policy drive will energize companies and a sluggish real economy.

The CSI 300, which tracks Shanghai and Shenzhen stocks with major market capitalizations, posted a weekly gain of 15.7%, its best performance since 2008. Hong Kong's Hang Seng Index surged 13% this week, its best showing since 1998, according to earliest available data on information service Wind.

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