Chinese Stocks Extend Gains on Continued Stimulus Optimism

-- Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would help drive a market turnaround and kickstart the country’s sluggish economy.The onshore benchmark CSI 300 Index was up 2.1% as of the mid-day trading break, close to recovering all of its losses for 2024. The Hang Seng China Enterprises Index rose more than 2% following a 5.1% gain in the previous session.

“We believe these coordinated policy announcements could pave the way for further policy support and raise the possibility of an economic upcycle in 2025,” Chaoping Zhu, global market strategist at JP Morgan Asset Management, wrote in a note. “Combined with private sector companies that have improved their profit margin and corporate fundamentals, we do see value opportunities in Chinese equities, and diversification opportunities given the expensive markets around the world.

Jim Cramer Says ‘The Great Thing About Walgreens Boots Alliance Inc. Is It Can Only Go Down Nine Points’

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks extend gains, FTX exec sentenced: Market Domination OvertimeOn today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton analyze the market close and break down some of the top stories from the ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stocks erase gains, head for big weekly losses after jobs reportThe pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq leads declines as stocks extend slideInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

S&P 500, stocks cap volatile August with monthly gainsThe Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) each end the trading day over 1% higher, while the Dow Jones Industrial Average (^DJI) is trailing in gains ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Fed rate cut boosts futures as growth stocks lead gainsRate-sensitive growth stocks like Microsoft, Meta and Alphabet, that have led much of this year's rally, advanced over 1.5% each in premarket trading. Chip ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »