Chinese Stocks Cap Best Day Since February on Stimulus Hopes

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Politburo,Chinese Stocks,Beijing

(Bloomberg) -- Chinese stocks rallied, with the onshore benchmark gauge capping its best day in nearly six months, as anticipation grew for Beijing to...

-- Chinese stocks rallied, with the onshore benchmark gauge capping its best day in nearly six months, as anticipation grew for Beijing to bolster its struggling economy.Tech Stocks Hit as Microsoft Down 6% in Late Hours: Markets Wrap

Moreover, signs indicate that China’s so-called national team is again supporting the equity market. Contracts typically bought by state-related fund managers rose by 2% in some cases, an unusual move during the morning session, likely prompted by investors’ initial disappointment with the Politburo meeting reports, market participants said.

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