Chinese Stocks Surge on Stimulus Measures

Chinese stocks surged significantly following a series of economic stimulus measures from Beijing, including interest-rate cuts, liquidity support for banks, and eased home-buying restrictions in major cities. The Hang Seng Index and CSI 300 Index both saw substantial gains, with the latter experiencing its biggest single-day rise since 2008. Investors, including hedge funds and mutual funds, are increasingly optimistic, moving into Chinese assets at a record pace. BlackRock noted a 'modestly overweight' position on Chinese stocks, anticipating further stimulus. Morgan Stanley and Citi Private Bank predict a sustained rally, contingent on continued effective fiscal policies. This positive sentiment has extended to U.S.-listed Chinese stocks, which also saw significant upticks.