ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email George Efstathopoulos of Fidelity International discusses the reasons for why the current rally in Chinese equities could be sustainable, but says that ultimately, fiscal stimulus would be the real “game changer”. Source link
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Torch bearer Mao Geping runs during the torch relay for the 19th Asian Games in Ningbo, Zhejiang Province, in Sept. 2023. Huang Zongzhi/Xinhua via Getty Images Mao Geping, the 60-year-old makeup artist, has become a billionaire thanks to a successful listing of his eponymous cosmetics brand in Hong Kong, with shares rising as much as…
Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea’s president. In the latest bid to kickstart growth, President Xi Jinping and other top leaders announced…
Chinese stocks rallied on Monday after the country signaled a more aggressive approach to stimulus next year. Beijing’s top leaders revealed they will embrace a “moderately loose” monetary policy and a “more proactive” fiscal policy, according to China state media Xinhua News Agency. “Relative to the low market expectations prior to the meeting, we view…
Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg via Getty Images Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to…
Gaspar spoke to AFP from the IMF headquarters in Washington, D.C. (Tierney CROSS) The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington. The IMF has raised concern about the levels of global public debt, which it…
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
(Bloomberg) — Chinese stocks whipsawed amid heavy volumes in Thursday’s morning session as traders awaited the outcome of the government’s planned briefing on fiscal policy due Saturday. Most Read from Bloomberg The CSI 300 Index was down 0.3% as of 10:20 a.m. local time, reversing an earlier gain of as much as 2.2%. The benchmark…
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a…