Stock market today: Chinese shares soar, then fade as Beijing stimulus plans fall short

TOKYO — Shares soared Tuesday in Shanghai as Chinese markets reopened after a weeklong holiday but then gave up a chunk of their initial gains as the details of Beijing'sThe Shanghai Composite index was up 3.1% at 3,438.16, though in Shenzhen, Japan's smaller market, the main index gained 6.2%.

“China’s markets rally has hit a wall, leaving investors deflated. The reopening surge from the week-long holiday barely had time to gather steam before fizzling out, and now the once-thrilled bulls are licking their wounds,” Stephen Innes of SPI Asset Management said in a commentary.Tokyo's Nikkei 225 index lost 1.3% to 38,842.75. as the dollar fell to 147.89 Japanese yen from 148.18 yen. A weaker yen tends to push share prices higher.On Monday, U.S.

Brent crude, the international standard, shed $1.23 to $79.70 per barrel. It had jumped 3.7% Monday. Benchmark U.S. crude, meanwhile, slipped $1.21 to $75.93. It also gained 3.7% on Monday. An exception was Nvidia, which rose another 2.3%. It rode another upswell in excitement about artificial-intelligence technology after Super Micro Computer soared 15.8% after saying it recently shipped more than 100,000 graphics processing units with liquid cooling.

VANCOUVER, British Columbia, Oct. 08, 2024 -- West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 grDr.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Chinese shares soar, then fade as Beijing outlines details of stimulusTOKYO (AP) — Shares soared Tuesday in Shanghai as Chinese markets reopened after a weeklong holiday but then gave up a chunk of their initial gains as...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street hangs near records after Chinese stocks soarNEW YORK (AP) — U.S. stocks are hanging near their records after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 added 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Nasdaq leads stock declines while oil spikes on Iran attackUS stocks sold off on Tuesday after Iran fired over 100 ballistic missiles against Israel.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 clinches fresh record amid GDP data, chip stock gainsA double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »