(Bloomberg) — Chinese shares listed in Hong Kong jumped the most in almost two years as stimulus-induced euphoria swept through the city’s $5.8 trillion market.
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The Hang Seng China Enterprises Index climbed as much as 8.5% before closing up 7.1%, a 13th straight day of gains. Property developers led the rally, with a gauge of the sector surging as much as 47%, while an index of brokerage shares jumped 35%, both record intraday moves. Mainland Chinese markets remain shut until Oct. 8 for a week-long holiday.
“I think the bull market can last three months to half a year,” said Bo Pei, an equity research analyst at US Tiger Securities Inc. “I personally am quite confident.”
Sentiment toward equities in the world’s second-biggest economy has seen a dramatic turnaround since the…
