China, Hong Kong stocks end 2023 as world's worst performers, down over 10%

Chinese and Hong Kong stocks, the world's worst-performing equity markets in 2023, witnessed losses exceeding 10%. Despite this, they recorded their best week in five months. China's CSI 300 Index, facing its third consecutive year of declines, presents opportunities in the battered shares due to Beijing's economic stimulus, rebounding yuan currency, and trough valuation. Hong Kong's Hang Seng Index ended the session flat but registered a 4.3% weekly gain. Both indexes sit at the bottom of the global performance rankings, with Hang Seng slumping 14% and CSI 300 falling 11% in 2023.