Hong Kong, Shanghai extend surge as China optimism boosts markets

Hong Kong (AFP) Sept 27, 2024

Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy. A string of announcements this week has seen leaders cut interest rates, pledge support to the beleaguered property sector, free up banks to lend more and pledge to boost jobs, particularly for the poor. While analysts have w