After facing economic woes and pandemic-related challenges, the Hang Seng Index in Hong Kong experienced a significant turnaround in late September following China's announcement of measures to support its struggling economy. The index has surged more than 18%, marking its largest two-week gain in nearly two decades.
The focus of the stimulus measures has primarily been on monetary policy adjustments, including interest rate cuts and reductions in reserve requirements for banks. However, economists are urging for more substantial fiscal policies to be implemented to boost consumer confidence and drive economic growth.
