Investing.com-- Chinese stocks brushed off initial volatility and clocked strong gains on Monday, rising even as the government provided middling cues on fiscal stimulus and as inflation data underwhelmed.
But the government did not provide key details on the planned measures- specifically their timing and scale. This left investors wanting, after a similar occurrence with monetary stimulus measures unveiled in late-September. Investors also doubted just how much headroom Beijing has to roll out more fiscal stimulus, given the country’s high debt levels.
Chinese consumer inflation grew less than expected in September, while producer inflation shrank for a 23rd consecutive month.
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Stock market today: Chinese shares soar, then fade as Beijing outlines details of stimulusShares have soared in Shanghai but gave up a chunk of their initial gains as officials in Beijing outlined details of the government's stimulus plans.
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Stock market today: Chinese shares soar, then fade as Beijing outlines details of stimulusShares have soared in Shanghai but gave up a chunk of their initial gains as officials in Beijing outlined details of the government's stimulus plans.
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Stock market today: Chinese shares soar, then fade as Beijing outlines details of stimulusShares have soared in Shanghai but gave up a chunk of their initial gains as officials in Beijing outlined details of the government's stimulus plans. Hong Kong's Hang Seng sank nearly 6% as traders sold to lock in profits from recent gains. Shares elsewhere in Asia declined. On Monday, U.S.
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Chinese Stock Market: A 'Bear Market Rally' Could Be on the HorizonStocks Analysis by Charles-Henry Monchau covering: Nasdaq 100, Gold Spot US Dollar, S&P 500, US Small Cap 2000. Read Charles-Henry Monchau's latest article on Investing.com
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