Stock market today: Asian shares gain as China releases plan for market support

BANGKOK — Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.slowed further in the last quarter, which spurred expectations the government will ramp up its latest stimulus efforts. The world's second-largest economy expanded at a 4.6% annual pace in July-September, down slightly from 4.7% in the previous quarter.

The loans, which can be made only by 21 designated financial institutions, will have a maximum interest rate of 2.25%, the People’s Bank of China said in a statement that underscored plans for strict oversight of the effort to support the markets. Elsewhere in Asia, Tokyo's Nikkei 225 edged 0.2% higher to 38,798.48 and the Kospi in Seoul shed 0.6% to 2,594.40. Australia's S&P/ASX 200 gave up 0.9% to 8,283.20.The Taiex in Taiwan gained 1.9% and the SET in Bangkok was up 0.2%. India's Sensex slipped 0.2%.

In other dealings early Friday, U.S. benchmark crude oil gained 25 cents to $70.92 per barrel. Brent crude, the international standard, was 20 cents higher at $74.65 per barrel.The singer-songwriter said she was ‘in denial, shocked and hurt’ after it was announced Payne had fallen to his death in Buenos Aires.

FPT Software Recognized as a Major Player in the IDC MarketScape: Asia/Pacific Managed Security Services & Professional Security Services 2024 Vendor Assessment

Business Business Latest News, Business Business Headlines

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

Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares advanced Tuesday, with Chinese markets logging big gains after the central bank announced a slew of measures to support the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares advanced Tuesday, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingTOKYO (AP) — Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares extend gains after China-driven rallyA China-led rally faded Wednesday, leaving Asian shares mixed after a strong start that extended gains overnight on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares climb after blockbuster US jobs reportAsian shares advanced Monday after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed after Wall St powers to more recordsBANGKOK (AP) — Asian shares were mixed on Tuesday after Wall Street rolled to more records, with Hong Kong's benchmark losing more than 4%.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »