All eyes on China’s unstoppable stocks after US$460 billion rally

  • 📰 staronline
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 75%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

CHINA's equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.

The speed of the past week’s gains in China is in many ways unseen since the stock bubble that burst five years ago. Monday’s surge alone added more than $460 billion to Chinese stock values, behind just one day in July 2015 as the biggest increase in shareholder wealth since the global financial crisis.

China’s state media struck a more measured tone on Tuesday, after earlier publishing commentaries that highlighted the case for buying shares. Two newspapers urged investors to be rational: the Securities Times -- one of China’s most widely circulated financial publications -- said investors should be mindful of potential risks and not use the market as way to make a fortune overnight.

"Regulators wouldn’t want to see rapid gains in the market either. But there remain plenty of opportunities, and investors will continue to rotate into some laggards so the uptrend is still intact.” As China’s tight capital controls limit the investment options for the country’s savers, this year’s low interest rates and the first losses ever for some popular wealth-management products are driving retail investors to stocks. But some analysts, as well as mainland media, say the country’s economic recovery and the government’s handling of the coronavirus outbreak have helped underpin the rally.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 4. in EG

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

China rally triggers gains in European cyclical stocks | Malay MailFRANKFURT, July 6 — European shares jumped in early trading today, with a rally in China's markets setting an upbeat tone as investors banked on the world's second biggest economy to lead a recovery from the coronavirus crisis. The pan-European STOXX 600 rose 1.7 per cent by 0714 GMT, with stocks...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

US stocks open stronger, continuing rally | Malay MailNEW YORK, July 6 — Wall Street opened higher after the long holiday weekend today, extending last week’s rally that was fuelled by positive economic signs despite the coronavirus pandemic. About 15 minutes into the trading session, the Dow Jones Industrial Average gained 1.4 per cent to...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

Asian stocks set to follow US higher on China hopes, upbeat data | Malay MailNEW YORK, July 7 ― Asian markets looked set to rise today as investors weighed growing expectations of an economic rebound in China and a resurgent US services industry, brushing off worries about a spike in US coronavirus cases. Australian S&P/ASX 200 futures climbed 0.52 per cent, while...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »