4% surge in Hong Kong's stock market due to China's stimulus measures amid Middle East tensions.
On Wednesday, Hong Kong's stock market surged over 4% as it resumed trading after a holiday, buoyed by China's economic stimulus measures. In contrast, tensions escalated in the Middle East following Iran's missile attack on Israel, leading to a sell-off in most Asian markets and a decline in U.S. stocks. Oil prices rose sharply amid concerns of supply disruption, while gold prices approached record highs as investors sought safe havens.
October 02, 2024
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