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Stock market today: Asian shares are mixed as China stocks get bump from new property measures

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Property Policies

Asian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property...

China’s central bank said Friday that it was reducing required down payments for housing loans and cutting interest rates for first and second home purchases, among other moves. The announcements came after officials in Beijing reported persisting weakness in the economy, especially in the real estate industry.Hong Kong's Hang Seng jumped 0.7% to 19,512.54 and the Shanghai Composite index surged 0.8% to 3,119.49.

Walmart's strength could be an encouraging signal for the broader economy. Worries have been rising about whether U.S. households can keep up with still-high inflation and more expensive credit-card payments, particularly households at In other trading early Friday, benchmark U.S. crude oil was up 33 cents at $79.56 per barrel. Brent crude, the international standard, added 50 cents to $83.77 per barrel.

Michael Burry is in the news for two reasons. One, he has revealed his Q1’2024 portfolio that shows Burry is once again swimming against the tide . Second, amid the return of Roaring Kitty on Twitter, meme stock boys on Reddit and Twitter are recalling how Burry was the first notable investor These TSX stocks have done well in the last year, and the future also looks bright -- especially if you buy during the continued dip.

 

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