A sculpture of bulls in the Lujiazui business district in Shanghai. Photo: Bloomberg
A sculpture of bulls in the Lujiazui business district in Shanghai. Photo: Bloomberg

Alibaba, Tencent, pharma stocks fuel best rally in two weeks as China inflation report boosts stimulus bets

  • Consumer prices rose 2.5 per cent in August from a year earlier versus 2.7 per cent in July; reading also came in slower than 2.8 per cent market consensus
  • Hang Seng Index members have lost HK$649 billion in market value this month amid concerns about China’s Covid-hit economic slowdown

A sculpture of bulls in the Lujiazui business district in Shanghai. Photo: Bloomberg
A sculpture of bulls in the Lujiazui business district in Shanghai. Photo: Bloomberg
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