China stocks climb but doubts grow, Hong Kong sinks as much as 10%

Stimulus disappointment restrains mainland's CSI 300; some investors eye exit

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A brokerage house in Shanghai in 2020. Chinese investors have been rushing to open brokerage accounts to catch the rally in the country's markets. © Reuters

ECHO WONG, Nikkei staff writer

October 8, 2024 10:57 JST

Updated on October 8, 2024 17:38 JST

HONG KONG -- Investors began to show signs of cooler heads regarding China's red-hot stocks on Tuesday, as mainland markets reopened after a seven-day holiday and a government announcement of policy support proved less ambitious than expected.