China National People's Congress leaves markets divided

Mainland traders laud support measures, while foreign investors remain cautious

20240312N Xi and Li Qiang

Chinese President Xi Jinping and Premier Li Qiang attend the National People's Congress in Beijing on March 11. (Photo by Mizuho Miyazaki) 

NORIYUKI DOI and KENSAKU IHARA, Nikkei staff writers

SHANGHAI/HONG KONG -- Market reaction has been split on the National People's Congress that ended Monday, with the Shanghai Composite Index rising 1% during the meeting on the announcement of economic support measures even as Hong Kong's mostly foreigner-traded Hang Seng Index fell slightly.

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