Hang Seng index up more than 2% as U.S.-listed shares of Chinese firms rise in overnight trading, with YINN rising over 11%.
China's top leadership, led by President Xi Jinping, announced a shift to a "moderately loose" monetary policy for 2024, marking the first change in 14 years. They also plan to implement a "more proactive" fiscal policy. This indicates a move towards greater economic easing, which is likely to be welcomed by investors seeking more stimulus.