(Bloomberg) — Emerging-market currencies in Asia and the South African rand retreated as China’s policy makers appeared to disappoint investors expecting fiscal measures to boost the economic outlook. Most Read from Bloomberg The EM currency index fell for the third day, with the Thai baht, South African rand and the Indonesian rupiah leading the losses…
(Bloomberg) — Chinese shares erased a drop to advance in volatile trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most Read from Bloomberg The onshore equities benchmark rallied as much as 1.7%. The yuan declined along with oil, reflecting skepticism among some traders that Beijing’s latest efforts…
(Bloomberg) — China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend. Most Read from Bloomberg While Finance Minister Lan Fo’an promised more support for the struggling property sector and hinted at greater…
By Ankur Banerjee and Laura Matthews SINGAPORE/NEW YORK (Reuters) – As the market euphoria to China’s biggest stimulus since the pandemic settles, foreign investors are now asking whether the $114 billion toolkit will provide the spark needed to turn around a beat-up stock market. Chinese equities have lagged major markets all year, despite a series…