Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth following into market segments sheltered from tariffs and likely to ride an eventual economic recovery. A series of economic stimulus pledges by China in September unleashed the largest rally in Hong Kong shares in a generation and sent mainland stocks to two-year highs. However, the subsequent lack of a splashy spending centrepiece tempered the euphoria as many big-time investors cashed out rather than wait for a more patient revival, especially as President-elect Donald Trump installs China hawks in top U.S. departments.