Chinese Stocks Rally as Beijing Steps Up Economic Support

-- Chinese stocks rallied after Beijing took stronger action to support the world’s second-largest economy, showcasing determination to stem the market’s selloff.The CSI 300 Index advanced as much as 1.2% early Wednesday, its biggest gain in a month. A gauge of Chinese stocks listed in Hong Kong jumped more than 3%, set to end a four-day losing streak.

The CSI 300 Index had erased all the gains seen during their massive reopening rally that took off late last year as persistent concerns about the health of the property sector helped drive an unprecedented foreign outflow from the onshore market. While fresh measures are welcome news for stock investors, the rally’s sustainability remains in doubt.

Former President Donald Trump's final chief of staff in the White House, Mark Meadows, has spoken with special counsel Jack Smith's team at least three times this year, including once before a federal grand jury, which came only after Smith granted Meadows immunity to testify under oath, according to sources familiar with the matter.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks won't have 'sustainable rally' until bond yield hits pre-financial crisis levelStocks have largely been held back by rising bond yields. But one strategist sees a key potential turning point around 5.25% on the 10-year Treasury yield.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Chinese Stocks Set to Rise After ADRs Jump on Extra Xi SupportChinese stocks are poised for gains after US-listed shares of mainland companies recorded their biggest one-day jump since July, spurred by rare fiscal measures from Beijing and President Xi Jinping’s stepped up support for the world’s second-biggest economy.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Chinese Stocks Set to Rise After ADRs Jump on Extra Xi Support(Bloomberg) -- Chinese stocks are poised for gains after US-listed shares of mainland companies recorded their biggest one-day jump since July, spurred by...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Toronto stocks slip as commodity stocks drag, rising yield weighMarket News
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Stocks close mixed as yields recede from 16-year highs: Stock market news todayThe 10-year Treasury yields passed a key milestone on Monday morning but whipsawed lower in a volatile day for bond market action.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsHONG KONG (AP) — Asian shares were lower on Monday as higher risks of broader conflict in the Middle East clouded market sentiment and bond yields further...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »