Premarket: World stocks higher as China boost lingers for now

World stocks rallied on Monday, with sentiment supported by China’s efforts to shore up its battered markets and lift confidence towards the world’s No.2 economy.

Beijing at the weekend introduced a slew of measures to shore up the market, such as halving stock trading stamp duty, loosening margin loan rules and putting the brakes on new listings. “September will reveal the true underlying sentiment in markets,” said Nordea chief markets strategist Jan von Gerich.

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China Cuts Tax on Stock Trading to Boost Market ConfidenceChina lowered the stamp duty on stock trades for the first time since 2008, marking a major attempt to restore confidence in the world’s second-largest equity market.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »

China halves stamp duty on stock trades to boost flagging marketBEIJING (Reuters) - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery ...
منبع: SaltWire Network - 🏆 45. / 63 ادامه مطلب »