The Hang Seng Index has been on a remarkable upward trajectory recently, largely driven by China’s latest economic stimulus package aimed at boosting the country’s slowing economy. As of October 2, 2024, 9:18 AM IST, the Hang Seng Index stood at 22,414.77, registering a significant gain of 1,281.09 points (6.06%) today.
Key Performance Highlights:
- Today’s Gain: +1,281.09 points (6.06%)
- Past 5 Days: +2,822.34 points (14.41%)
- Past 1 Month: +4,722.80 points (26.69%)
China’s stimulus package, aimed at revitalizing economic growth, has fueled a wave of optimism among investors, leading to this rapid surge in the Hang Seng Index. The financial aid and economic reform initiatives are seen as a significant move to stimulate consumer demand and industrial output, which has brought renewed confidence to Hong Kong’s market.
The Hang Seng Index’s impressive performance reflects the positive sentiment surrounding China’s economic policies. Investors remain optimistic about further growth, supported by the effects of the stimulus measures, which could continue to propel the index upward in the near term.
