Chinese stocks were back at it and surging on Thursday, shaking off the previous day's slump, with the focus on a Saturday press briefing that investors hope will shed more light on fiscal stimulus measures aimed at reviving China's economy.
The blue-chip index was last up 3.5% after sliding 7% on Wednesday, its biggest one-day drop since the pandemic as investors looked for details around the stimulus and awaited fiscal moves to spur growth. In many ways, this is it, this is the moment markets and investors have been waiting for, especially after the central bank and other regulators in late September announced the most aggressive monetary stimulus measures since COVID-19 and steps to revive the debt-ridden property market.
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