Hong Kong's Hang Seng had its best month since 1998, but remains in bear market territory
In this article .HSI Follow your favorite stocks CREATE FREE ACCOUNT Red lanterns are hung up on the street in Wan Chai, Hong Kong. (Photo by Zhang Wei/China News Service via Getty Images) China News Service | China News Service | Getty Images Hong Kong's benchmark index soared 26.6% in November – the Hang Seng index's highest monthly gain since October 1998, or near the end of the Asian financial crisis 24 years ago. But the index still sits in bear market territory, which is defined as down 20% from a recent high, standing at a loss of 20.45% loss year-to-date as of Dec. 2. Loading chart... Hong Kong's economy, including its stock market , has been battered by Beijing's prolonged zero-Covid policy that has shut out travelers from mainland China and dampened consumer confidence. Shares listed in Hong Kong have whipsawed between sell-offs and rallies within a single trading day on unconfirmed rumors that hinted at a shift in China's policies. The volatility in ...