Chinese Stocks Gain as Report Spurs Policy Easing Speculation

-- Chinese stocks advanced after a report spurred speculation that Beijing will expand its monetary-easing tools to boost the economy.Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleThe Hang Seng China Enterprises Index gained the most in two weeks, while a gauge tracking Chinese tech shares rose as much as 4.4%.

Overseas investors have bought around 3 billion yuan of onshore equities on a net basis via trading links with Hong Kong Thursday, after Wednesday saw the biggest one-day outflow in more than two months.Some of the gains may also have been due to a stronger yuan reference rate set by the People’s Bank of China, as well as Xi’s meeting with US chief executive officers on Wednesday, according to Hao Hong, chief economist and partner at Grow Investment Group.

“We believe 2024 can surprise to the upside for offshore market given weak investor confidence, low valuations, and a low base,” Raymond Liu, China offshore equity strategist at HSBC Holdings Plc, wrote on the outlook for so-called H-shares in a research note. “We are convinced there are good long-term growth prospects for the offshore market, even as the overall market sentiment waits for a material uplift.

'The math just does not add up': Stock gains are at odds with reality, economist David Rosenberg says For the first time in almost 30 years, part of Donald Trump’s business empire has gone public. Trading started with a bang.AI Will Transform Everything: Investors, Be Early Adopters and Buy These 3 Stocks

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