China, Hong Kong stocks snap annual losing streaks after stimulus spurt

Some analysts see chance for further gains in 2025 despite U.S. tariff risk

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A brokerage house in Shanghai. The Chinese markets have halted a streak of annual declines, after the government introduced a series of stimulus measures in September. © Reuters

ECHO WONG, Nikkei staff writer

December 31, 2024 17:59 JST

HONG KONG -- Mainland China and Hong Kong stocks ended long annual losing streaks in 2024, as Beijing's economic stimulus measures prompted investors to jump back into the markets.

The CSI 300, which measures major market cap stocks listed in Shenzhen and Shanghai, closed at 3,934.91 on the last trading day, up 14.68% for the year. This halted a run of three straight annual declines since 2021.