China stocks rally as investor 'fear of missing out' spreads

Geopolitical risks, 'dire' housing market still seen discouraging long-term bets

20240429 china stocks

The flag of the Hong Kong Stock Exchange flies next to China's national flag. The exchange and its connections with mainland markets have seen a flurry of investment in recent days. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- China stocks have gained momentum as market players scurry to avoid missing rallies driven by supportive policies, analysts say, while cautioning that the upswing does not yet reflect a return of long-term investors.

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