Chinese stocks gained again on Thursday as confidence returned to investors in Hong Kong and Shanghai amid positive signs of government stimulus. Meanwhile, Tokyo stocks steadied after slipping lower in recent days.
Hong Kong’s Hang Seng Index rose 2% with the Shanghai Composite 3% higher—the latter index seeing its best day since March 2022. Tokyo’s Nikkei 225 finished just above flat.
In focus is whether mooted stimulus plans in China will spur a recovery in the world’s second-largest economy and usher in a rebound in beaten-down stock markets.
Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.