Chinese stocks hit a two-year high Thursday, as new coronavirus cases fall inside the country and rise elsewhere around the world.
What has been a bullish week in China comes amid volatility on U.S. markets, which have seen wild swings as investors juggle effects of the Democratic primary, increases in U.S. coronavirus cases, and an emergency rate cut from the Federal Reserve. Analysts told MarketWatch that U.S. equities would likely continue to experience a higher-than-normal period of volatility.
Shares in several big Chinese financial firms are driving the gains. The country’s largest insurer, Ping An Insurance 601318, +2.32%, is up nearly 6% since Monday, as are China Merchants 600036, +4.16% and Industrial Bank 601166, +3.27% , which all trade in Shanghai. In Hong Kong, the Hang Seng Index HSI, +2.08% saw its biggest one-day jump in a month, with shares of tech companies leading the rise. AAC Technologies AACAY, +2.60% 2018, +5.04% , which supplies parts to Apple AAPL, -1.49%, saw the biggest daily gain, at 5%. China’s two tech giants, Tencent TCEHY, +1.26% 700, +3.09% and Alibaba BABA, +1.12% 9988, +2.47%, both saw big increases on the day.
Because the Goverment says it is
The markets are full of crazy creatures!
LOL- it would be hysterically funny if it wasn't for the severity of this killer virus. The BS is of epic proportions, and the childish efforts to normalise things, just looks ridiculous
Well, if everyone dies your overhead really goes down...
When all your government does is buy stocks and mask the truth on any real type of actually GDP s it makes its impossible for any sane person to actually believe any data coming out of the country. If it helps them sleep better at night well than good for them.
I guess
((rational markets))