China, HK shares bounce on surge in US, Japan stocks
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China and Hong Kong stocks rebounded on Monday, driven by strong performances in the US and Japan. The CSI300 Index rose 1.4%, while the Shanghai Composite gained 1.2%, and the Hang Seng increased by 1.5%. Brokerages advised investors to hold onto stocks ahead of the Lunar New Year, suggesting the recent market correction is ending. Gains were led by film, media, and entertainment stocks, with optimism for holiday spending. Additionally, gold-linked stocks rose as China's central bank continued its gold purchases.
Source: Reuters The copyright of this article belongs to the original author/organization.
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