Hong Kong, Shanghai rally on China stimulus on mixed day for markets

Hong Kong, Shanghai rally on China stimulus on mixed day for markets …C0NTINUE READING HERE >>>

Hong Kong’s Hang Seng Index led the pack in Asian trade after China’s stimulus announcement.
Photo: DALE DE LA REY / AFP
Source: AFP

Hong Kong and Shanghai stocks rallied Tuesday after China unveiled fresh stimulus measures as the country’s leaders struggle to kickstart growth in the world’s number two economy.

After a string of weak data that has fanned worries about the financial health of the country and led to calls for more help to boost growth, the central bank said it would make…

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