China Stocks Surge Amid Stimulus Expectations, 30-Year Yield Hits Record Low

China stocks rose for the fourth consecutive session, with the 30-year treasury yield hitting a record low as investors anticipated new economic stimulus from Beijing. Hong Kong shares also saw gains, influenced by the recent U.S. rate cuts. Leading sectors included coal, energy, and banking.

China stocks surged for the fourth straight session on Monday, buoyed by expectations of fresh economic stimulus from Beijing, as the country's 30-year treasury yield reached a record low.

Hong Kong shares, more sensitive to U.S. rate cuts that began last week, hit a three-month high before giving up gains in afternoon trading. The CSI 300 index and the Shanghai Composite Index both rose by 0.4%, while the Hang Seng Index ended flat.

According to Yang Chao, analyst at Galaxy Securities, U.S. rate cuts will likely ease conditions further, potentially benefiting Chinese exports this year. He noted that China's A-shares are relatively cheap and attractive for long-term investors.

(With inputs from agencies.)