Hong Kong, Shanghai extend surge as China optimism boosts markets

Hong Kong, Shanghai extend surge as China optimism boosts markets …C0NTINUE READING HERE >>>

Developers’ stocks are among the big winners this week after China unveiled a raft of measures to support the property sector and other parts of the economy.
Photo: GREG BAKER / AFP
Source: AFP

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…

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