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Beijing Pledges More Stimulus -- Hang Seng is the Big Winner
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Beijing Pledges More Stimulus -- Hang Seng is the Big Winner

Hong Kong stocks outperform as China vows more fiscal support

David Rosenberg's avatar
David Rosenberg
Dec 09, 2024
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Early Morning with Dave
Early Morning with Dave
Beijing Pledges More Stimulus -- Hang Seng is the Big Winner
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Highlights

  • Hong Kong stocks outperform as China vows more fiscal support

  • The AI-craze and Trump Trade continue to push the U.S. stock market higher

  • Looking beyond the U.S. for equity exposure

  • A surging unemployment rate signals a surefire recession in Canada

Key Takeaways

China's Aggressive Growth Push for 2025

  • The big news overnight was the unprecedented aggressive pro-growth message out of the Chinese politburo, stating that both monetary and fiscal policy (the latter cited as being “more proactive”) will be eased further in 2025 to support the economy.

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