Chinese Stocks in Hong Kong Jump With Developers Leading Gains

-- Chinese shares listed in Hong Kong jumped Wednesday, extending a stimulus-induced euphoria as traders returned from a public holiday.Climate Migrants Stand to Overwhelm World’s Megacities

The extended rally is driven by optimism about China’s economy and risk assets after the authorities unveiled a range of stimulus measures last week that included interest-rate cuts, freeing-up of cash for banks, and liquidity support for stocks. Four major cities also eased home-buying curbs and the central bank moved to lower mortgage rates.

The attractive valuations of Chinese stocks after a three-year decline are helping to lure investors. Vice Presidential hopefuls Tim Walz and JD Vance squared off Tuesday night in what may be the last debate of the 2024 presidential campaign. It was the first encounter between Minnesota's Democratic governor and Ohio's Republican senator, following last month's debate between the tops of their tickets, Vice President Kamala Harris and former President Donald Trump.

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