The Shanghai Composite Rises, Hang Seng Falls: What’s Behind the Divergence?
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China disappointed investors on Tuesday, with a stimulus package much tinier than expected. The Hang Seng offers a selection of companies from the Hong Kong stock exchange and is denoted in Hong Kong dollars. The difference in today's trading could partly be attributed to Golden Week, China’s extended holiday season, which closed off the Shanghai index to investors from Oct. 1 to Oct. 7.