Why Chinese Stocks Reached 20-Month Highs This Week

Since Chinese officials announced stimulus measures, Chinese stocks have ripped higher.After getting a shot of adrenaline last week, Chinese stocks continued their march higher, hitting highs this week not seen since the very beginning of 2023. The Hang Seng index including the largest companies on the Hong Kong Stock Exchange is up more than 14.5% over the last five days.Shares of fast-food chain Yum China Holdings (YUMC -3.47%) had risen nearly 9% as of this writing. Meanwhile, shares of e-commerce compan ...