China stocks log best day in a month after Beijing steps up stimulus

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Home purchase limits may soften after previous policies failed to drive a sustained market rally.

After a record August net selling, foreign investors bought US$935 million of Chinese equities on Monday.

All four tier-1 cities in China loosened the definition of “first-time homebuyer” to ease mortgage credit for qualified individuals. Top banks paved the way for further cuts in lending rates and sources said Beijing was planning further action including relaxing home purchase restrictions. Most sectors rose in onshore markets, with energy , insurance firms and liquor makers up between 2.5% and 3.4%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines