News Formal

Stock market today: Asian shares gain after China says more help is needed for its slowing economy

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 52 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Business News

World News

Asian shares have started the week on a high note, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.

Read full article: 🔒News4JAX Insider Jaguars Tickets SweepstakesRead full article: JSO, JFRD to honor JSO corrections officer with procession through city streetsA letter to our viewers: Please stay out of the ocean as deadly rip currents loom Atlantic Coast

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 14, 2024. “The devil, as they say, is always in the details—or in this case, the glaring lack of them. When it comes to Chinese policy briefings, it’s usually all sizzle and no steak,” Stephen Innes of SPI Asset Management said in a commentary. “By mid-week, we’ll see if the market bid has legs, and by month’s end, we’ll know for sure if Beijing is delivering the goods or if it’s just more smoke and mirrors.

The advance in Asia followed a strong close on Friday on Wall Street as U.S. stocks rose to records, lifted by strong profits atset earlier in the week and closing out its fifth straight winning week. The Dow Jones Industrial Average jumped 1% to set its own record, at 42,863.86. The Nasdaq composite lagged the market with a gain of 0.3% after a slide forWells Fargo rose 5.6% after reporting stronger profit for the latest quarter than analysts expected. JPMorgan Chase climbed 4.

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:

 /  🏆 246. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares extend gains after China-driven rallyShares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares extend gains after China-driven rallyNEW YORK (AP) — Asian shares pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
Source: Mynorthwest - 🏆 438. / 53 Read more »