Building on this week's rally following the announcement of Beijing's economic stimulus plan, Yahoo Finance's Akiko Fujita joining us now with three charts to explain the story.Sh yeah, the those gains we saw this week marked the biggest single week again in nearly 16 years.And then over in Hong Kong, we saw the hanging index up nearly 13% for the week.
Remember we saw financial regulators announced a string of measures including interest rate cuts to ease lending conditions.Now, regulators also announced that banks would be allowed to lend to companies to repurchase their shares.It was Chinese leadership saying that China would deploy. Given the slowdown we have seen in a number of economic data that's come out in retail sales, industrial production, the increases we have seen in youth unemployment.
Of course, the question guys moving forward is going to be what exactly this forceful spending is going to look like?But bringing it back to the US, we've been watching us listed Chinese companies, those shares to see how much of that trade that we saw overnight will trickle down into the US trade as well.K we another one of those that we watch very closely from Crans also getting a bump on the week.
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