HONG KONG (MarketWatch) — Mainland Chinese and Hong Kong stocks posted their strongest performance in more than seven months on Friday after Beijing announced a slate of new infrastructure projects to spur a slowing economy.
Other Asian markets also rallied because of a celebratory mood in global markets after the European Central Bank unveiled an expansive bond-buying plan to stabilize markets, and as investors looked ahead to a U.S. jobs report with optimism.
The Shanghai Composite CN:000001 +3.70% surged 3.7% and Hong Kong’s Hang Seng Index HK:HSI +3.09% climbed 3.1%, each recording their best single-day percentage gain since mid-January.
Sentiment was bolstered as China authorities pushed out infrastructure projects aimed at providing stimulus to the cooling economy.
The Asian Century Report 