A person rides a bicycle in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Tuesday, May 28, 2024, in Tokyo. A person stands in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Tuesday, May 28, 2024, in Tokyo. A person rides a bicycle in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Tuesday, May 28, 2024, in Tokyo.
On Monday, European shares posted modest gainsar as markets were lifted by a rebound on Wall Street on Friday following its worst day since April. The Chinese government recently eased interest rates and downpayment requirements for housing loans as part of its effort to revive the property sector after a crackdown on excessive borrowing caused defaults among many developers.
The meetings Monday led by Chinese President Xi Jinping “noted that preventing and defusing financial risks is a major challenge that must be overcome in order to achieve high-quality development, as it concerns national security, overall development and the safety of the people’s property,” the official Xinhua News Agency reported.
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