Chinese stocks diverge amid stimulus disenchantment, Trump worries

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

20241111 shanghai stocks

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

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.

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