Hong Kong stocks jump over 6% on China stimulus during mainland holiday

Frenzy lifts brokerages and developers; market watchers see 'overbought' signals

20241002 HKEX

Hong Kong's benchmark Hang Seng Index jumped 7% in the afternoon of Oct. 2, as investors piled into the market in response to China's economic stimulus measures. (Photo by Kenji Kawase)

ECHO WONG, Nikkei staff writer

HONG KONG -- Hong Kong's stock market carried the torch of China's rally on Wednesday, marking the biggest single-day jump since March 2022 while mainland exchanges were closed for an extended holiday.

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