Hong Kong stocks wavered near an eight-month high as traders pondered whether to cash in on the bull run, while robust mainland tourism data for the holiday period helped support sentiment.
Investor sentiment has turned positive after a slew of global investment banks made positive calls on Chinese stocks amid expectations of more policy support from Beijing.
Global equity markets have ended the Financial Year 2023-24 on a higher note. Major global equity benchmarks surged significantly and rose up to 44% this year.
The rally was supported by better corporate governance, foreign buying on a weaker yen and expectations that the Bank of Japan will stick with loose monetary policy.