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Stock market today: Asian shares gain after China says more help is needed for its slowing economy

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Asian shares have started the week on a high note, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.

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A currency trader reads documents at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 14, 2024. – Asian shares gained ground on Monday, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.said Saturday that the government was looking at additional ways to boost the economy, but he didn’t give details of a major new stimulus plan.

The Shanghai Composite index rose 1.7% to 3,271.06 and the smaller market in Shenzhen gained 1.9%. Hong Kong’s Hang Seng index lost 0.4% to 21,164.93.

 

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