SHANGHAI, CHINA – MARCH 7, 2023 – The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023.
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China stocks will keep rising after markets in the mainland reopen following the Golden Week break, analysts predicted.
Beijing’s announcements of economic support last week have fueled China’s CSI 300 blue-chip index to rally over 25% in a nine-day winning streak. On Monday, it popped over 8% to its best day in 16 years and the Shanghai Composite Index surged 8.06%, before the markets closed for a week-long holiday.
Then, Hong Kong stocks dropped on Thursday, ending a 6-day winning streak and sparking fears that China’s stimulus rally could have started to fizzle out.
Shanghai Composite Index
Now, one question on investors’ minds is how long will the rally last?
In China, it could…
