By Sangmi Cha, Bloomberg Markets Live reporter and strategist
When it comes to Chinese equities, the dominant feeling has turned to optimism.
The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term.
