Chinese Stocks Rebound as PBOC Reinforces Support for Market

-- Chinese stocks advanced on Friday following a slew of positive headlines from the central bank, which reinforced its determination to support the market.The CSI 300 Index gained as much as 3.7%, rebounding from a three-day loss, with chip shares the top performers. A gauge of Chinese stocks listed in Hong Kong also rose more than 3%.

The developments provided a welcome relief for investors, who have been clamoring for more policy support after the rally lost momentum. Fresh data released Friday showed authorities need to accelerate the stimulus implementation to reach the annual growth target, with economic expansion slowing in the third quarter.

Views are increasingly diverging on whether investors should chase the rally at this stage. Li Bei, founder of Shanghai Banxia Investment Management Center, wrote in a WeChat post earlier this week that now is the time for retail investors to buy stocks. That’s despite caution from the likes of Morgan Stanley Wealth Management that the stimulus measures aren’t enough to repair the struggling economy.

Planisware brought together European clients for its annual user conference in Paris:Exchange24 EMEA Paris, France, October 18, 2024 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market has hosted over the last two days in Paris its annual client conference: Exchange24 EMEA.

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 Stocks Rebound as Ministry Hints at More Fiscal Support(Bloomberg) -- Chinese stocks climbed in early trading on Monday after the finance ministry over the weekend promised new measures to support the property...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Japan Stocks Poised to Rebound After Yen Plunge: Markets Wrap(Bloomberg) -- Japan stocks are set to rebound Thursday after the nation’s new prime minister dimmed hopes of another interest-rate hike. Treasuries slid and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street hangs near records after Chinese stocks soarNEW YORK (AP) — U.S. stocks are hanging near their records after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 added 0.
Source: SooToday - 🏆 8. / 85 Read more »

Chinese Stocks Extend Gains on Continued Stimulus Optimism(Bloomberg) -- Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would help drive a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Chinese Stocks in Hong Kong Jump With Developers Leading Gains(Bloomberg) -- Chinese shares listed in Hong Kong jumped Wednesday, extending a stimulus-induced euphoria as traders returned from a public holiday.Most Read...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

‘Serious Rally’ in Chinese Stocks Possible, Says Eurizon’s Jen(Bloomberg) -- Investors should extend the recent stimulus-fuelled gains in Chinese equities and the yuan as well as the decline in the country’s bonds...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »