After a strong start, he rose China’s CSI 300 index By more than 10 percent in early trading, but it suddenly and significantly reduced its gains to 5 percent at the close of the session.
Meanwhile, the Hang Seng Index in Hong Kong faced a sharp decline, falling at the beginning of the session by more than 10 percent before settling at a loss of 6.7 percent.
This slowdown in the market came after increasing expectations as it rebounded Chinese stocks Strongly after the Golden Week holiday, driven by stimulus policies such as lowering interest rates, freeing up cash for banks and supporting stocks.
Traders were optimistic, hoping for more government intervention to support the rally. The CSI 300 index rose for nine straight days through September 30, its longest winning streak in years, but doubts were already growing among investors about the sustainability of these gains.
Many market participants remained cautious, citing a lack of concrete financial action from Beijing.
Experts such as Alexei Mironenko from Leo Wealth indicated in his statements to Bloomberg that the future of this rise depends on policy developments in the coming weeks. Fund managers also expressed concerns that some stocks were already overvalued, further dampening enthusiasm.
Trading volume reached Chinese stock markets A record high, surpassing $368 billion, but questions remain about how long the rise can continue without major new policies from Beijing.
In other parts of Asia, markets were affected by economic data from Japan, as household spending fell by 1.9 percent in August, despite a 2 percent increase in real wages.
This mixed data added to caution across the Asia-Pacific region as traders continued to assess global economic trends.
