The CSI 300 Index was up more than 1% after the mid-day break Tuesday. That’s after a 1.2% gain in the previous session, when a 5.5% surge at the open cooled through the day. The moves follow weekend measures by authorities, which included the first cut in stamp duty since 2008 as well as curbs on share sales by major stakeholders.
Chinese equities have seen a miserable month given a slew of disappointing economic data, renewed concerns about the property sector and an unfolding crisis in the nation’s shadow banking system. Before the weekend policy boost, the CSI 300 Index had lost about 8%, on track for its worst month since October. US-domiciled hedge funds are net sellers of Chinese ADRs year-to-date, according to Morgan Stanley.
Foreign investor were buying Chinese equities on a net basis on Tuesday after dumping them through most of the month. Outflows via the trading links with Hong Kong are poised to reach a record in August.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Technology stocks lead European shares higher; China-related stocks riseMarket News
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »
US stocks climb as slipping bond yields ease pressure on marketsStocks rose moderately, but a higher-for-longer rate outlook Powell hinted at on Friday at Jackson Hole has left investors jittery.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »
China-Dependent Japan Stocks Plunge on Boycott Over WastewaterShares of Japanese companies that are especially reliant on China demand plunged after users online in Asia’s biggest economy called for a boycott over the release of treated wastewater from the wrecked Fukushima nuclear plant.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »
China’s Fukushima Backlash Is Starting to Weigh on Japan Stocks(Bloomberg) -- Shares of Japanese companies that are especially reliant on China demand plunged after users online in Asia’s biggest economy called for a boycott over the release of treated wastewater from the wrecked Fukushima nuclear plant. Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion Over Militar
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »
Veteran Investor Says It’s All Coming Together for China StocksA 30-year veteran of investing in emerging markets says that “everything is coming together” for a rally in China’s equity market after a week that saw shares slide to fresh 2023 lows.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »
U.S. stocks gain as traders assess rates, China supportStocks started the week on a positive note, tracking Friday's gains on Wall Street following cautious comments from central bankers at Jackson Hole.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »