Hong Kong Stocks Surge After China's Economic Pledges

Benzinga

Hong Kong's Hang Seng Index surged 3% late Monday after China pledged "more proactive" fiscal measures and "moderately" looser monetary policy for 2024 to boost domestic consumption. Mainland China's CSI 300 index declined slightly as November's consumer price index growth fell short of expectations. Asia-Pacific markets showed mixed performance amid Japan's updated economic data and South Korea's ongoing political developments.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Hong Kong's Hang Seng Index surged 3% late Monday after China pledged more proactive

00:07fiscal measures and moderately looser monetary policy for 2024 to boost domestic consumption.

00:13Mainland China's CSI 300 Index declined slightly as November's Consumer Price Index growth

00:19fell short of expectations. Asian Pacific markets showed mixed performance amid Japan's

00:24updated economic data and South Korea's ongoing political developments.

00:28For all things money, visit Benzinga.com slash GSTV.

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