BEIJING — A wave of optimism swept Chinese markets recently when Beijing announced a stimulus package many hoped would pave the way for a wave of investment to help fuel a recovery for the world’s second-largest economy. Traders rushed to buy Chinese stocks, sending the top Shanghai and Hong Kong indexes soaring.
Its broader financial lethargy and this week’s market turmoil will hardly be welcomed by Beijing. But what do this week’s events mean for ordinary Chinese citizens? For Fu, a 24-year-old graduate student in Beijing, this month’s paroxysms don’t change much on the ground. “Chinese people’s money isn’t really in the stock market. They tend to prefer saving,” said Beijing-based Fu, who declined to give his first name out of fear of repercussions for criticizing government policy.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese Stock Market: A 'Bear Market Rally' Could Be on the HorizonStocks Analysis by Charles-Henry Monchau covering: Nasdaq 100, Gold Spot US Dollar, S&P 500, US Small Cap 2000. Read Charles-Henry Monchau's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Coinbase Unveils New Crypto Listings as Optimism Spikes on MarketThis development comes at time when market sentiment is notably positive
Source: Utoday_en - 🏆 295. / 63 Read more »
Forex Today: Market optimism prevails in the lead-up to US PCE inflationHere is what you need to know on Friday, September 27: Risk-on sentiment seen in global markets on Thursday extends into Friday, as a raft of Chinese stimulus measures continue to lift investors’ confidence.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Chinese market volatility and US CPI to dominate FXChinese equities are seeing high volatility, as markets swing between anticipation and disappointment over China’s fiscal support, DBS’s FX analyst Philip Wee notes.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Alibaba: Massive Rally Stalls as Chinese Market Wavers - Time to Take Profits?Stocks Analysis by Investing.com (Alessandro Bergonzi) covering: Alibaba Group Holdings Ltd ADR. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »